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A round up of the latest South African Rand forecast news items from the Currency News desk.

Pound South African Rand (GBP/ZAR) Exchange Rate Steadies as BoE Haskel Proves Dovish

26 Jun 2018 at 4 PM - Written by John Cameron

Soon-to-be Policymaker Johnathan Haskel Talks down Pound (GBP) Exchange Rates The Pound South African Rand (GBP/ZAR) exchange rate steadied on Tuesday, limited by some dubiously dovish comments from soon-to-be policymaker Johnathan Haskel. Mr Haskel – set to replace known hawk Ian McCafferty on the 1st of September - warned against...

CATEGORIES: South African Rand Forecasts

Pound to South African Rand Exchange Rate Rallies After Brexit Transitional Deal Agreement

19 Mar 2018 at 1 PM - Written by John Cameron

Last week, the Pound to South African Rand exchange rate steadily rose from an opening level of 16.3919 on Monday to close higher around 16.7017 on Friday. The only UK event of note was Tuesday’s spring statement, which saw Chancellor Philip Hammond make cautiously optimistic predictions about future UK economic growth. There were a...

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Pound South African Rand (GBP/ZAR) Exchange Rate Slips as South African GDP Beats Expectations

6 Mar 2018 at 3 PM - Written by Toni Johnson

South African Rand (ZAR) Exchange Rates Trade Higher as SA GDP Smashes Forecasts The Pound South African Rand (GBP/ZAR) exchange rate stumbled on Tuesday, falling as markets reacted to an upbeat GDP reading for South Africa. According to StatsSA and Statistician-General of South Africa, Risenga Malukeke, the nation’s GDP grew by 3.1%...

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GBP ZAR Exchange Rate Volatile Following BoE’s Credit Report

25 Sep 2017 at 12 PM - Written by John Cameron

The Pound South African Rand (GBP ZAR) exchange rate has fluctuated this morning as the Bank of England (BoE) released its latest consumer credit report. Pound (GBP) Stumbles on FPC Stability Report Sterling found its attempts to rally from its losses at the end of last week cut short this morning as the BoE’s Financial Policy...

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GBP ZAR Exchange Rate Slips as Markets Reassess BoE Rate Hike Odds

16 Jun 2017 at 1 PM - Written by Ben Hughes

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...

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GBP ZAR Exchange Rate Drops -0.8% on Fears of Growing UK Unemployment

15 May 2017 at 2 PM - Written by Toni Johnson

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...

CATEGORIES: Currency Predictions South African Rand Forecasts

GBP ZAR Exchange Rate Rallies after Protests Fail to Eject Zuma

13 Apr 2017 at 11 AM - Written by Ben Hughes

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...

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GBP to ZAR Exchange Rate Surges as South Africa’s Controversial Leader Holds Role

5 Apr 2017 at 12 PM - Written by Ben Hughes

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...

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UK, US Meeting Ahead, GBP/ZAR Rate Falls

27 Jan 2017 at 12 PM - Written by John Cameron

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...

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South African Rand Exchange Rate Forecast Falls on WTO Report

28 Sep 2016 at 9 AM - Written by John Cameron

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...

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