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GBP ZAR Strengthens Ahead of SARB Policy Meeting

Monday, January 23rd, 2017

The UK Consumer Price Index for December proved unexpectedly strong, with inflation rising from 1.2% to 1.6% on the year. This was a greater feed-through of inflationary pressure than investors had expected, suggesting that consumers are likely to experience a greater squeeze on earnings and spending in the coming months. Even so, this did not […]

Sterling Surged after Greater Government Clarity on Brexit

Wednesday, January 18th, 2017

Pound exchange rates slumped sharply at the start of the week after reports emerged that the government was not looking to maintain membership of the single market in negotiations with the EU. However, this downtrend was soon reversed when Theresa May set out her broad aims for Brexit in her first major speech on the […]

GBP NZD Rallies After PM Brexit Speech

Tuesday, January 17th, 2017

The latest Chinese trade data saw risk appetite fade ahead of last weekend, denting the New Zealand Dollar in the process. Disappointingly, exports were found to have contracted by -6.1% rather than the -3.8% forecast. This undermined confidence in the health of the world’s second largest economy, putting renewed pressure on commodity-correlated currencies as market […]

GBP INR Exchange Rate Volatile as Brexit Speculation Rages On

Thursday, January 12th, 2017

Worries over the prospect of a hard Brexit weighed heavily on the GBP INR exchange rate in the early week, particularly as risk appetite was also generally elevated. Feathers were ruffled by Theresa May’s comment that the government was not interesting in holding onto ‘bits’ of its EU membership. This was seen to raise the […]

Hard Brexit Fears Weigh on Pound Rates

Wednesday, January 11th, 2017

Comments from Theresa May saw the Pound plunge dramatically at the start of the week, with suffering from a resurgence in market fears of a hard Brexit. May’s statement that the government is not interested in keeping ‘bits’ of its EU membership led to speculation that privileged access to the single market is likely to […]

GBP CAD Slides Despite Dip in Oil Prices

Tuesday, January 10th, 2017

While risk appetite was elevated at the start of the year, the GBP CAD exchange rate was able to regain some ground on the back of the latest UK PMIs. All three measures bettered expectations to show solid economic growth, with the Services PMI posting a particularly positive result. The Pound trended higher as concerns […]

GBP ZAR Down on ‘Hard Brexit’ Fears

Monday, January 9th, 2017

A marked improvement in South Africa’s Standard Bank PMI helped to bolster demand for the Rand on Thursday, particularly as risk appetite remained generally heightened. Solid Chinese data and high hopes that the US will increase its infrastructure investment saw commodity prices climbing once again. With the South African economy demonstrating signs of resilience, in […]

EUR ZAR Could Trend Lower on Weaker US Payrolls Data

Thursday, January 5th, 2017

Although Eurozone data has proven largely positive this week, the EUR ZAR exchange rate has struggled to escape a downtrend. Investors have remained somewhat preoccupied with worries over the political outlook of the currency union, particularly amid speculation that Italy could be facing an early election. While there was no resurgence in concerns of the […]

Pound Struggles to Capitalise on Strong UK PMIs

Wednesday, January 4th, 2017

Both the UK Manufacturing and Construction PMIs for December markedly bettered forecasts, offering further evidence that the initial negative impact of the Brexit vote has faded. These latest signs of strength within the economy offered support to the Pound, although this positive data was not enough to entirely overshadow the latest political turmoil. Nevertheless, hopes […]

GBP NZD Strengthens as Dairy Prices Slip

Tuesday, January 3rd, 2017

Despite domestic data being generally lacking, the New Zealand Dollar nevertheless saw some volatility last week, fuelled by shifting market risk sentiment. An unexpected widening of the US trade deficit increased the appeal of the ‘Kiwi’, suggesting that the world’s largest economy is not in such a robust state as previously thought. This prompted investors […]

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