Pound Rand forecast page 17 - GBP ZAR

The Pound’s significant gains against the Rand come after a mixed UK data release, which brought historically positive and negative results. On the supportive side, UK unemployment in March dropped from 4.7% to 4.6%, bettering forecasts for no movement. This put unemployment at a historic low, while the percentage of employed persons has...

The GBP ZAR exchange rate has surged over the last 24 hours following the surprise announcement from Prime Minister Theresa May that she is seeking to hold an early general election on the 8th of June. In her announcement the PM reasoned that her decision to call an early election was due to the political split in parliament saying that...

The British Pound to South African Rand exchange rate held above weekly lows towards the end of the week’s European session, but still looked to record losses this week and end the week near lows not seen since 2013. Analysts are becoming increasingly optimistic on the Rand outlook and risk measures on the currency have been consistently...

The British Pound to South African Dollar exchange rate surged on Thursday afternoon. Demand for emerging market currencies like the Rand faded on Thursday as traders increasingly anticipated Friday’s US Non-Farm Payroll figures. If the February US employment data impresses investors, more investors will become confidence that the...

The British Pound to South African Rand exchange rate flattened on Thursday afternoon, slumping from its weekly highs due to lower Bank of England (BoE) tightening bets. Investors became less optimistic about the foreseeable future of UK monetary policy once it emerged that BoE hawk Kristin Forbes was stepping down from the Monetary Policy...

The British Pound to South African Rand exchange rate continued to test the day’s best levels throughout most of Wednesday afternoon. As South African’s own manufacturing PMI from Barclays had unexpectedly risen above the 50 contraction point for the first time in a while, the Pound’s gains against the Rand were...

The Pound to South African Rand exchange rate trended near its worst daily levels on Wednesday afternoon but remained well above the week’s opening levels. The South African Rand failed to capitalise on the weaker Pound throughout the day due to limited demand for risky emerging market currencies ahead of Donald Trump’s upcoming...

The Pound to South African Rand exchange rate fell on Tuesday and has fluctuated near its worst weekly levels since then. Due to a lack of fresh supportive factors for the Pound, investors have seen little reason to buy it this week. GBP/ZAR began the week trending at 17.48 and on Tuesday dropped into the region of 17.20. Despite some...

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...

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...