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

The UK Pound to Rand exchange rate (GBP/ZAR) is continuing to trade in a stronger position on Thursday morning, after positive UK data earlier in the week drove Sterling higher. The Pound was supported by Governor of the Bank of England Mark Carney, who stated his views on UK interest rate hikes and wages. Meanwhile the Rand was affected...

The Pound to Rand (GBP/ZAR) exchange rate today continued Friday's negative trend as a lack of market moving UK data spurred investors to partake in a round of profit taking. As a result Sterling fell against the majority of its most traded exchange rate peers. Sterling remained under pressure from investor profit taking and concerns over...

The South African Rand was buckling under the pressure on Tuesday and both the Rand to Pound and Rand to US Dollar exchange rates posted declines. The commodity-driven currency eased lower as a result of widespread risk aversion and the ongoing strike in South Africa’s all-important platinum mining sector. The Pound Sterling to South...

The South African Rand has strengthened for a second day against the US Dollar after striking workers from the nation’s key mining and farming sectors went back to work. The move has eased investor concerns that the nations labour problems will worsen. Anglo Platinum, the biggest producer of Platinum in the world announced that...

The Rand has suffered significant losses against all the majors over the last six weeks. Since the turn of the year, the Rand has weakened from 6.58 against the US Dollar to trade above 7.31 at the end of last week. These losses have been partly attributable to comments from policy makers in South Africa who suggested that a weaker Rand was...