South African Rand forecast page 6 - zar south african rand rand

As the Bank of England (BoE) proved unexpectedly divided at its June policy meeting the Pound South African Rand exchange rate was prompted to trend sharply higher. Markets had anticipated just one dissenting vote at the meeting, leading investors to pile back into Sterling when the minutes revealed that three policymakers were in favour...

The GBP ZAR exchange rate has fallen to 17.10 today, which is the worst rate since late April. The sharp Pound to Rand downturn has largely been caused by pessimistic UK economic forecasts. One of the biggest has been EY Item Club’s estimate for UK unemployment. The group predicts UK unemployment to remain around 4.7% in 2017, but for...

The GBP ZAR exchange rate has begun to recover this morning after plummeting over the last 24 hours following mass protests South Africa’s capital Pretoria on Wednesday as protestors called on President Jacob Zuma to quit. Pound South African Rand (GBP ZAR) Recovers after Mass Protests The Pound South African Rand (GBP ZAR) exchange...

The British Pound to South African Rand exchange rate continued to edge higher on Thursday afternoon and tested the week’s highest levels. Despite the Pound weakening as the services PMI rally faded, it was still able to gain on the weak South African Rand. However, according to a Thursday Reuters poll, analysts believe the Rand will...

Sterling Rand Demand Takes a Hit on Data-Deficient Day for UK Economy The Pound has recorded heavy losses in the GBP ZAR exchange rate today, falling by -0.4% in the pairing due to waning confidence in the UK’s economic future. Although UK Prime Minister Theresa May has recently been in the US promoting the UK-US ‘special...

The Pound Sterling (currency : GBP) was hit hard in the early part of the week following comments from the European Union’s finance ministers suggesting that post-Brexit Britain will not be permitted to access the single market unless she signs up for freedom of movement of labour. The prospect of the UK losing its free trade status with...

GBP to ZAR Exchange Rate Broke Through 24.0000 Last Week The South African Rand (currency : ZAR) endured the ‘session from hell’ last week as a combination of domestic political turmoil and the continued slump in global commodities prices sent the Pound Sterling Rand exchange rate spiralling through the 24.0000 GBP ZAR threshold for...

IMF Positive about British Economy but Warned against Brexit in 2017 The Pound Sterling (currency : GBP) received a marked boost during the final stretch of last week’s session. The International Monetary Fund (IMF) has not been universally positive about the decisions taken by UK policymakers since the global financial crisis of...

GBP to EUR Exchange Rate Gained after BoE Held Rates The Bank of England (BoE) opted to maintain its headline interest rate at 0.50% yesterday and did not extend the £375bn which it has committed to its controversial Quantitative Easing up to this point. However, the Old Lady of Threadneedle Street’s policy announcement still...

Pound Sterling to South African Rand (GBP/ZAR) Exchange Rate Gains 0.7% The GBP to ZAR exchange rate rallied by around 0.7% on Wednesday following the release of South Africa's latest inflation data. The report showed a much steeper slowing in consumer price gains in May and could have an impact on the fiscal policy pursued by the South...