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South African Rand Forecast Directory - Page #18

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

GBP to ZAR Exchange Rate Update: South African Rand on 'Back Foot' vs Pound, Euro and the US Dollar

27 Aug 2017 at 9 AM - Written by Frank Davies

STORY LINK GBP to ZAR Exchange Rate Update: South African Rand on 'Back Foot' vs Pound, Euro and the US Dollar

The pound to rand exchange rate has seen a strong start to the new week, quoted at 16.85377, 0.35 per cent higher than the day's open. The South African currency is also seen lower than both the euro and the US dollar. Although the second revision of the second quarter UK gross domestic product showed no change in the headline growth...

CATEGORIES: Daily Currency Updates Pound Rand Forecasts Pound Sterling Forecasts

Pound to South African Rand Exchange Rate Predictions: Gold Prices Support ZAR

20 Aug 2017 at 8 AM - Written by John Cameron

STORY LINK Pound to South African Rand Exchange Rate Predictions: Gold Prices Support ZAR

The Pound South African Rand exchange rate is seen trading higher at the beginning of the new week on currency markets, quoted at 16.99719. The euro and US dollar are also clawing back some losses. GBP/ZAR posted significant losses last week as foreign exchange markets were left disappointed by the UK's latest inflation...

CATEGORIES: Currency Predictions Pound Rand Forecasts

Pound to Rand Exchange Rate News: Today's Value at Lows not Seen Since Late July

17 Aug 2017 at 12 PM - Written by Frank Davies

STORY LINK Pound to Rand Exchange Rate News: Today's Value at Lows not Seen Since Late July

The Pound to Rand exchange rate is currently valued at just 16.93454, ending the week at fresh lows not seen since late July this year. GBP Advances as Traders Process UK Sales Slowdown The Pound has fluctuated significantly today, moving on a rollercoaster-like pattern because of trader reactions to UK retail sales figures. In July,...

CATEGORIES: Pound Rand Forecasts

GBP ZAR Exchange Rate Extends Gains on Rate Hike Speculation Ahead of BoE Comments

11 Jul 2017 at 12 PM - Written by David Woodsmith

STORY LINK GBP ZAR Exchange Rate Extends Gains on Rate Hike Speculation Ahead of BoE Comments

Ahead of the latest commentary from Bank of England (BoE) policymakers the Pound South African Rand exchange rate strengthened sharply. Investors were encouraged to pile back into Sterling in anticipation of comments from deputy governor Ben Broadbent, who has yet to air his opinions in the wake of June’s unexpectedly split policy...

CATEGORIES: Pound Rand Forecasts

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

16 Jun 2017 at 1 PM - Written by Ben Hughes

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

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...

CATEGORIES: South African Rand Forecasts

GBP ZAR Exchange Rate Near Monthly Lows after Surprise UK GDP Slowdown

25 May 2017 at 3 PM - Written by Frank Davies

STORY LINK GBP ZAR Exchange Rate Near Monthly Lows after Surprise UK GDP Slowdown

The Pound’s poor performance today follows the release of second estimates for UK GDP growth in the first quarter. On the positive side, the annual estimate has been revised up from 1.9% to 2%; this notably fell short of the predicted 2.1%. The more impactful and damaging news, however, has been that quarter-on-quarter growth has been...

CATEGORIES: Daily Currency Updates Pound Rand Forecasts

GBP ZAR Exchange Rate Surges on Surprise UK Unemployment Rate Drop

17 May 2017 at 4 PM - Written by James Fuller

STORY LINK GBP ZAR Exchange Rate Surges on Surprise UK Unemployment Rate Drop

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...

CATEGORIES: Daily Currency Updates Pound Rand Forecasts

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

15 May 2017 at 2 PM - Written by Toni Johnson

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

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 Surges on UK Election Speculation

19 Apr 2017 at 3 PM - Written by Toni Johnson

STORY LINK GBP ZAR Exchange Rate Surges on UK Election Speculation

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...

CATEGORIES: Pound Rand Forecasts

GBP ZAR Exchange Rate Rallies after Protests Fail to Eject Zuma

13 Apr 2017 at 11 AM - Written by Ben Hughes

STORY LINK GBP ZAR Exchange Rate Rallies after Protests Fail to Eject Zuma

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...

CATEGORIES: South African Rand Forecasts

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