Last week’s comments from South African Reserve Bank Governor Gill Marcus, stating that there is ‘limited, if any, room’ for domestic interest rate cuts in the short-to-medium term due to persistently high levels of South African inflation, have reaffirmed the Rand’s position as one of the most risk-sensitive currencies in the global economy. Foreign Currency [...]
South African Rand Exchange Rate Forecasts
GBP-ZAR Update Category
Pound to South African Rand Exchange Rate Forecast – The GBP ZAR exchange rate has surged during the past week
Tuesday, May 15th, 2012The GBP ZAR exchange rate has been steadily trending higher since rejecting the near term low of 11.7624
Wednesday, May 9th, 2012All of this provides a significant potential for future uncertainty in global markets, meaning that the Rand could experience sharp downside pressure at any given time. Foreign Currency Market Update – GBP / ZAR Update The GBP ZAR exchange rate has been steadily trending higher since rejecting the near term low of 11.7624 which it [...]
Last week saw indecision grip the GBP ZAR market
Tuesday, May 1st, 2012GBP ZAR has started this week’s session once again oscillating either side of 12.60. Foreign Currency Market Update – GBP / ZAR Update Last week saw indecision grip the GBP ZAR market, as investors struggled to decide which of two relatively weak currencies they wished to hold. This caused the pair to trade within a [...]
The South African Rand began last week’s session in go-ahead mood
Tuesday, April 24th, 2012The Rand has incurred further losses in early trading this week, following a poor showing for European equities markets yesterday. Foreign Currency Market Update – GBP / ZAR Update The South African Rand began last week’s session in go-ahead mood, following the losses which it had sustained the previous week. Sentiment towards the South African [...]
Sterling spent the early part of last week firmly in the ascendency against the South African Rand
Tuesday, April 17th, 2012The uptick in investor sentiment saw the GBP ZAR rate trade back down to 12.5423 before Friday’s market close. Foreign Currency Market Update – GBP / ZAR Update Sterling spent the early part of last week firmly in the ascendency against the South African Rand, as appetite for risk drained from global markets thanks to [...]
The South African Rand has been battered in the markets over the past four weeks
Wednesday, April 11th, 2012If risk aversion in the markets picks up pace as this week progresses, then a run at November’s multi-year high of 13.3578 can not be ruled out for GBP ZAR. Foreign Currency Market Update – GBP / ZAR Update The South African Rand has been battered in the markets over the past four weeks, sending [...]
The forward move for GBP ZAR over the past week has been driven by Rand weakness
Tuesday, April 3rd, 2012The Pound spiked upwards against the South African Rand. Foreign Currency Market Update – GBP / ZAR Update The Pound spiked upwards against the South African Rand last week, taking the GBP ZAR exchange rate all the way up to 12.3714, its highest level since 26th January. However, this 2-month high, which the pair visited [...]
The South African Rand came under sustained selling pressure
Tuesday, March 27th, 2012This week’s session has started on a more positive note for the Rand. Foreign Currency Market Update – GBP / ZAR Update The South African Rand came under sustained selling pressure as last week progressed, taking the GBP ZAR exchange rate all the way up to 12.2699 during Friday’s session. This was the pair’s highest [...]
The Rand is moving forward once again at the start of this week’s session
Tuesday, March 20th, 2012If the Rand maintains its current forward momentum and global share markets trade into positive territory, then another run at last week’s key interim floor of 11.7624 looks possible for the GBP ZAR rate during this week’s session. Foreign Currency Market Update – GBP / ZAR Update The Rand began last week’s session in the [...]
The currency markets saw the GBP ZAR exchange rate break down into the 11.70s
Tuesday, March 13th, 2012The ZAR has continued its forward move this week, seeing the GBP ZAR rate drop to 11.7624 during today’s session, its lowest level since September 19th last year. Foreign Currency Market Update – GBP / ZAR Update Last Friday’s session in the currency markets saw the GBP ZAR exchange rate break down into the 11.70s [...]
© TorFX. Unauthorised copying or re-wording of this blog content is prohibited. The copyright of this content is owned by Tor Currency Exchange Ltd. Any unauthorised copying or re-wording will constitute an infringement of copyright.
Archives
- 2012: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
- 2011: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
- 2010: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
- 2009: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
- 2008: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
- 2007: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
- 2006: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
- 2005: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
