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South African Rand Forecast Directory - Page #16

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

Pound Sterling to South African Rand (GBP/ZAR) Exchange Rate Rises despite Brexit Concerns

8 Aug 2018 at 4 PM - Written by Frank Davies

STORY LINK Pound Sterling to South African Rand (GBP/ZAR) Exchange Rate Rises despite Brexit Concerns

Tuesday’s trading session opened with the Pound to South African Rand exchange rate at a level of 17.4036. This proved to be a high point, as the Pound fell over the course of the day to close lower against the Rand at 17.2487. In a recurrent situation, the Pound’s losses against the Rand were caused by growing concerns that the UK...

CATEGORIES: Pound Rand Forecasts

Pound to South African Rand (GBP/ZAR) Exchange Rate Rises despite Disruptive Brexit Fears

30 Jul 2018 at 4 PM - Written by Frank Davies

STORY LINK Pound to South African Rand (GBP/ZAR) Exchange Rate Rises despite Disruptive Brexit Fears

Last week, the Pound to South African Rand exchange rate opened at a level of ZAR17.6225 on Monday and closed down lower at ZAR17.2606 on Friday. This week-long deterioration was down to growing concerns that the UK could face a ‘no-deal’ Brexit, which might necessitate stockpiling essential supplies due to disrupted supply...

CATEGORIES: Pound Rand Forecasts

GBP/ZAR Exchange Rate News: Pound to Rand Advance Triggered by Rising US Dollar

26 Jul 2018 at 5 PM - Written by James Fuller

STORY LINK GBP/ZAR Exchange Rate News: Pound to Rand Advance Triggered by Rising US Dollar

On Wednesday, the Pound opened trading against the South African Rand at a level of 17.4681 and later closed down lower at 17.3054. This decline in the value of the Pound was caused by a cautious trader reaction to Confederation of British Industry (CBI) data covering retail activity in July. The CBI’s distributive trades reading...

CATEGORIES: Pound Rand Forecasts

Pound South African Rand (GBP/ZAR) Exchange Rate Tumbles as Trump Attacks UK?s Brexit Plans

13 Jul 2018 at 11 AM - Written by John Cameron

STORY LINK Pound South African Rand (GBP/ZAR) Exchange Rate Tumbles as Trump Attacks UK?s Brexit Plans

The Pound South African Rand (GBP/ZAR) exchange rate remains on the defensive this morning, following the pairing’s losses on Thursday following Trump’s attack on Theresa May’s Brexit plans. Pound (GBP) Plummets as Trump Dents Hopes for US Trade Deal The Pound South African Rand (GBP/ZAR) exchange rate came under heavy pressure...

CATEGORIES: Pound Rand Forecasts

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

26 Jun 2018 at 4 PM - Written by John Cameron

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

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

GBP to ZAR Exchange Rate Hits Six-Month-High as Emerging Market Selloff Continues

15 Jun 2018 at 2 PM - Written by Toni Johnson

STORY LINK GBP to ZAR Exchange Rate Hits Six-Month-High as Emerging Market Selloff Continues

Due to multiple disappointing South African ecostats over the past week, investors have become more concerned that South Africa’s economy will continue to struggle this year. The latest Federal Reserve news put additional pressure on risky emerging market currencies like the Rand, helping the British Pound to South African Rand (GBP/ZAR)...

CATEGORIES: Pound Rand Forecasts

GBP to ZAR Exchange Rate Falls from Weekly Best as Rand Recovers

30 May 2018 at 3 PM - Written by Tim Boyer

STORY LINK GBP to ZAR Exchange Rate Falls from Weekly Best as Rand Recovers

A lack of supportive factors in Pound trade this week have made it difficult for the British Pound to South African Rand (GBP/ZAR) exchange rate to hold all of its weekly gains. With the US Dollar (USD) rally finally coming to an end, demand for the South African Rand has been much stronger. Despite this, GBP/ZAR remained above the...

CATEGORIES: Pound Rand Forecasts

The Sterling-Rand Rate Climbs on Brexit Hopes and Market Risk-Aversion

18 May 2018 at 1 PM - Written by Minesh Chaudhari

STORY LINK The Sterling-Rand Rate Climbs on Brexit Hopes and Market Risk-Aversion

Concerns about the Brexit process, as well as disappointment in Britain’s economic outlook, did little to stop the British Pound to South African Rand (GBP/ZAR) exchange rate from climbing this week. Instead, broad risk-aversion has weakened the Rand and helped the Pound to recover most of its recent losses against the Rand. Last week...

CATEGORIES: Pound Rand Forecasts

Pound South African Rand Exchange Rate Continues Bullish Run in Spite of Rising SA Consumer Confidence

25 Apr 2018 at 12 PM - Written by Ben Hughes

STORY LINK Pound South African Rand Exchange Rate Continues Bullish Run in Spite of Rising SA Consumer Confidence

A sharp spike in South African consumer confidence was not enough to prevent the Pound South African Rand (GBP/ZAR) exchange rate extending its gains further on Wednesday. While consumer sentiment soared higher in the first quarter, raising the index from -8 to an impressive 26, the appeal of the South African Rand remained...

CATEGORIES: Pound Rand Forecasts

GBP/ZAR Exchange Rate Stable as Bank of England (BoE) Tipped for May Interest Rate Hike

22 Mar 2018 at 4 PM - Written by Toni Johnson

STORY LINK GBP/ZAR Exchange Rate Stable as Bank of England (BoE) Tipped for May Interest Rate Hike

On Wednesday’s trading session, the Pound to Rand exchange rate declined overall, having shifted from an opening level of 16.7589 to later close down lower in the region of 16.7251. Wednesday’s major UK data covered the unemployment rate and changes to average earnings in January. Unemployment unexpectedly fell from 4.4% to 4.3%,...

CATEGORIES: Pound Rand Forecasts

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