South African Rand forecast page 7 - zar south african rand rand

The Pound Euro exchange rate (GBP EUR) is 1.1498. The Pound Dollar exchange rate (GBP USD) is 1.6341. The Pound Australian Dollar exchange rate (GBP AUD) is 1.6089. The sell-off in global stocks has continued at pace over the last 24 hours, with New York’s Dow Jones recording its sixth worst day in history yesterday, closing down by...

The Pound Euro exchange rate (GBP EUR) is 1.1541. The Pound Dollar exchange rate (GBP USD) is 1.6254. The Pound Australian Dollar exchange rate (GBP AUD) is 1.5570. All-out panic has taken a hold of investors over the last twenty four hours, with market participants fearing the worst about the Eurozone debt situation and the prospects for...

POUND STERLING This morning’s UK Purchasing Managers Index Manufacturing survey showed that the number of respondents who are negative about the prospects for the UK manufacturing sector outweighed those who are positive, causing selling pressure on Sterling. If tomorrow’s PMI construction figure also disappoints, the Pound may trend...

POUND STERLING With no UK data releases pencilled-in until next week, Sterling has traded no more than steadily on the day. Continuing concerns about the unresolved debt crises in the US and the Eurozone suppressing global risk appetite, the FTSE 100 has suffered significant losses, causing further downward pressure on the Pound....

POUND STERLING The Pound suffered a poor start to today’s European session in spite of a slightly better-than-anticipated Nationwide House Price Survey for June, released earlier today. The downward move was partly a reaction to the release of the worst UK service sector figures for 15 months yesterday and renewed focus on the UK’s...

POUND STERLING The Pound has suffered limited losses against virtually all of the other majors during today’s session. With this morning’s Public Sector Borrowing figures for May providing few surprises, most investors are taking a ‘wait-and-see’ approach ahead of tomorrow’s release of June’s BoE Minutes. If more than two MPC...

The Pound Euro exchange rate (GBP EUR) is 1.1198. The Pound Dollar exchange rate (GBP USD) is 1.6412. The Pound Australian Dollar exchange rate (GBP AUD) is 1.5403. Ben Bernanake, Chairman of the US Federal Reserve, spoke at a banking conference in Atlanta last night regarding the state of the US economy and the Fed’s response to the...

POUND STERLING With no tier one data released in the UK today, the Pound gained ground on the other majors due to Euro and US Dollar weakness in the market. Tonight’s GfK Consumer Confidence survey for May tomorrow is the last significant UK data release before the long weekends; this will lend it added significance. NEAR-TERM OUTLOOK...

The Pound Euro exchange rate (GBP EUR) is 1.1319. The Pound Dollar exchange rate (GBP USD) is 1.6457. Although trading volumes were significantly reduced, the currency markets were open for business as usual both on Friday and yesterday and there was price movement for the major currency pairs during both of these sessions . Perhaps the...

POUND STERLING Sterling has suffered heavy selling pressure over the last 24 hours following yesterday’s worse-than-anticipated PMI Services Sector figure. This morning’s Halifax House Price survey for February showed a monthly contraction in the UK housing market. Meanwhile, Sterling loses ground to the Euro on relative interest rate...