Pound Rand forecast - GBP ZAR

A press release from leading credit ratings agency Moody’s Investor Services, released during Friday’s session, spelled good news for Turkey and for the Turkish Lira. Moody’s announced that they had upgraded their credit rating of the Mediterranean nation’s sovereign debt to Baa3. The move means that Turkish bonds are now considered...

The US Dollar was star performer in the currency markets yesterday afternoon following the release of a strong set of domestic labour market data. Official US government figures revealed that the number of Initial Jobless Claims had fallen to its lowest level since late in late 2007 last week. The print of 323,000 new claimants bettered...

Trading volumes in the UK were extremely light during yesterday’s session thanks to the May Day Bank Holiday. However, it was ‘business as usual’ across Asia and large parts of Europe, triggering pronounced price action for many of the sixteen most-actively traded currencies. Market participants spent the early part of yesterday’s...

Yesterday’s session in the currency markets brought a relatively light schedule of data releases, perhaps the most significant of which came from the eurozone in the form of the latest consumer confidence survey. Analysts had been anticipating a deterioration of the levels of optimism amongst economic participants in the region, so it came...

This morning’s UK CPI Inflation data showed a levelling off in the rate of British prices last month. The headline measure of UK inflation remained at the same level as February’s showing printing at exactly the same year-on-year level last month. The ‘no change’ figure of 2.8% was anticipated by analysts, however the Bank of England...

Yesterday’s session brought dramatic movement in the currency markets, as institutional investors shifted out of risk-laden assets in response to a heady mix of weak Chinese data and potentially toxic geo-political situations. The start of the week was always bound to be fraught, given that the 15th March marks the birth date of North...

Today’s session has once again seen global share markets register healthy gains, with London’s benchmark FTSE 100 trading up by almost 1% with two hours of the day’s equities session remaining. Frankfurt’s Dax has registered gains of an even greater magnitude so far today. The improvement in global risk sentiment has taken place...

Last week’s session ended on a positive note for the Pound when leading credit rating agency Standard & Poor’s announced that it is maintaining the UK’s AAA credit rating – for the time-being at least. Fears had been rife amongst investors holding Sterling-denominated assets that Moody’s announcement last month that it was...

Yesterday was a public holiday across the majority of the Western world, meaning that there was limited trading in the foreign currency markets. However, it was a normal session for Asian market participants, meaning that there was price movement for many of the world’s major currency pairs. The Pound fared reasonably well against the...

Today’s session brings the release of a slew of economic data releases across the globe, almost guaranteeing significant price action for almost all of the world’s major currency pairs. As ever, today’s central bank announcements and commentaries are likely to cause institutional investors to adjust their predictions for the future...