Rand climbs after thumbs up by Moody’s

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Rand climbs after thumbs up by Moody’s
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The ratings agency gave an opinion that SA's outlook remained stable, while the SA government bond auction earlier also went

The local currency was faring slightly better against the pound, as Brexit uncertainty escalated.

None of the softer options put before MPs attracted a majority, London Capital Group head of research Jasper Lawler said. “This basically casts an even greater shadow over an already very grey situation.” There is little major local or global news to give markets a clear direction on Tuesday, but domestic sentiment continues to be boosted by a decision by Moody's at the weekend not to release its long-anticipated credit-rating review.

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