The GBP ZAR exchange rate has traded below the 12.0000 level, save for a few very brief incursions, since Friday afternoon’s encouraging US labour market data. Foreign Currency Market Update – GBP / ZAR Update The GBP ZAR exchange rate has continued on its downward trajectory over the past seven days, causing the pair to [...]
South African Rand Exchange Rate Forecasts
GBP-ZAR Update Category
Pound to South African rand Exchange Rate Forecast – GBP ZAR Rate Continues On Its Downward Trajectory
Wednesday, February 8th, 2012Pound to South African Rand Forecast – The Pound made two separate incursions above the significant 13.0000 level against the Rand
Monday, January 30th, 2012Today has seen the Rand give up a large portion of the gains it made against the Pound during last week’s session. Foreign Currency Market Update – GBP / ZAR Update The Pound made two separate incursions above the significant 13.0000 level against the Rand in the last two months of 2011. On both occasions, [...]
Pound to South African Rand Forecast – The Pound has been under heavy selling pressure against the Rand
Wednesday, January 25th, 2012If the ITEM Club’s predictions come to pass, then the official UK government GDP data released tomorrow, is likely to be supportive for the Pound. By John Cameron Foreign Currency Market Update – GBP / ZAR Update The Pound spent the Christmas period and much of the first three weeks of the New Year under [...]
Pound Sterling to South African Rand Foreign Currency Exchange Rate Forecast – Rand up on Record Gold Prices
Thursday, July 28th, 2011By Jon Beddell Foreign Currency Market Update – GBP / ZAR Update Last week’s UK economic data was closely watched but did not produce any major surprises. The UK’s monetary policy committee voted 7-2 to keep interest rates at record lows this month according to the minutes released last Wednesday. The two dissenters were in [...]
Pound Sterling to South African Rand Foreign Currency Exchange Rate Forecast
Tuesday, May 3rd, 2011By Jon Beddell Foreign Currency Market Update – GBP / ZAR Update As the UK effectively ground to a halt over the last two weeks the celebrations were notably absent from the markets as Sterling continued to slide against most of its counterparts. Last week’s main event (aside from the wedding) was the announcement of [...]
Pound Sterling to South African Rand Foreign Currency Exchange Rate Forecast – Sterling slips below 11.00
Wednesday, March 30th, 2011By Jon Beddell Foreign Currency Market Update – GBP / ZAR Update Markets have recovered from the severe attack of jitters spawned by the earthquake in Japan. Two weeks ago the only real theme was risk aversion, and traders were voting accordingly, selling stocks and high yielding currencies like the Rand and instead buying the [...]
Pound Sterling to South African Rand Foreign Currency Exchange Rate Forecast – Sterling bounces from 11.00
Wednesday, March 16th, 2011by Jon Beddell Foreign Currency Market Update – GBP / ZAR Update The natural disaster in Japan has sent shock waves through the world’s financial markets, sending investors scurrying in search of so called “safe haven” assets. Predictably, this meant traders selling out of the volatile Rand and reverting instead to the relative safety of [...]
South African Rand Foreign Currency Exchange Rate Forecast – Sterling in freefall against strong Rand…
Friday, February 25th, 2011by Jon Beddell Foreign Currency Market Update – GBP / ZAR Update Sterling has been focussed almost exclusively on inflation and interest rates lately, but the troubles in North Africa have started to overshadow the markets this week. Last week’s big inflation numbers confirmed that prices in the UK are rising at more than twice [...]
South African Rand Foreign Currency Exchange Rate Forecast – Sterling builds on winning streak…
Thursday, January 27th, 2011by Jon Beddell Foreign Currency Market Update – GBP / ZAR Update Sterling has managed a stellar recovery against a very weak Rand since New Year. The 9% rally in the exchange rate has been prompted by a general shift in investor risk appetite. The high yielding currencies had been doing well in Q4, and [...]
South African Rand Foreign Exchange Forecast – Rand hits multi year highs…
Friday, December 3rd, 2010by Jon Beddell Foreign Currency Market Update – GBP / ZAR Update Third quarter growth in the UK was confirmed as being 0.8% last week, making total annual growth 2.8%. In contrast the South African economy grew by 2.6% in the third quarter alone, which was slightly lower than expected. The Rand has been Gradually [...]
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