This could have some impact on the GBP because the GBP was sold earlier this week as a proxy trade for the illiquid ZAR, which was getting hammered across the board. Now if the miners agree to a pay deal, this should stabilise the ZAR and lead to some of those GBP shorts being taken off the table.

It’s been one of the slowest trading days in recent memory so I’m packing it in for the day, Auf Wiedersehen and see you in the morning.