Trial now
GBP

Extending losses

US TSYS

SOFR,GC Rates Steady Monday

US EURODLR OPTIONS

Morning trades

GILT PAOF RESULTS

The PAOF for the 1.25% Jul-51 gilt was not taken up

SHORT-STERLING OPTIONS

SONIA call spread

SOUTH AFRICA

LOCAL NEWS

  • Ramaphosa eases restrictions under adjusted Level 3 to reduce pressure on the hospitality sector amid a sharp decline in Covid-19 cases.
    • Alcohol prohibition lifted, beaches and dams unbanned, and curfew extended 2hrs from 0500-2300. Also notes nobody will be forced to take the vaccine, should they choose not to
  • ANC to discuss ex-President Zuma's decision not to cooperate with the state capture commission at next week's NEC.
  • ANC spox says the party will only comment after this meeting.
    • Local analysts says failure to appear before the commission will not stop a recommendation being made in a final report, but warns it sets a dangerous precedent if the Commission fails to take a hard line on this defiance.
    • Also notes, this may boost factional splits within the ANC as members align themselves with various sides of the argument - IOL
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com