Caution is advisable for clients needing to buy Rand, as there is an outside chance that the Bank of England will reveal a further increase to its £325bn Quantitative Easing programme. Foreign Currency Market Update – GBP / ZAR Update The Pound continued to trend weaker against the South African Rand during the first half [...]
South African Rand Exchange Rate Forecasts
GBP-ZAR Update Category
The Pound continued to trend weaker against the South African Rand
Tuesday, March 6th, 2012The Rand enjoyed another winning week against the Pound Sterling
Tuesday, February 28th, 2012The break back down through the 12.0000 level for GBP ZAR last Friday was a significant move. Foreign Currency Market Update – GBP / ZAR Update The Rand enjoyed another winning week against Sterling last week, taking the GBP ZAR exchange rate to 11.9779 during Friday’s session. This was the pair’s lowest level for over [...]
The Sterling Rand exchange rate clawed its way to 12.3676, its highest level since 26th January, during last week’s session
Monday, February 20th, 2012Sterling Rand was locked in a pronounced downtrend until the start of February. Foreign Currency Market Update – GBP / ZAR Update The Sterling Rand exchange rate clawed its way to 12.3676, its highest level since 26th January, during last week’s session. GBP ZAR had been on the slide from its 21st November high of [...]
GBP ZAR Rate Sees A Correction In Its Major Downtrend
Tuesday, February 14th, 2012The GBP ZAR exchange rate has been on the slide since the near-term high of 13.3578, which it reached on 23rd November, 2011. Foreign Currency Market Update – GBP / ZAR Update Last week saw the GBP ZAR exchange rate stage a mini-recovery. The pair was languishing below the 12.0000 level last Monday – by [...]
GBP ZAR Rate Continues On Its Downward Trajectory
Wednesday, February 8th, 2012The 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 [...]
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, [...]
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 [...]
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