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Exchange Rate Forecasts

GBP to ZAR Forecasts

Although the government’s Article 50 bill passed through the House of Commons without amendment this failed to weigh on the GBP ZAR exchange rate for long. While this increased the odds of Theresa May continuing to pursue a hard line approach to Brexit the bill could still face challenge in the House of Lords. As [...]

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GBP/ZAR Forecast: Rand Down on Budget Fears

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Date: February 7th, 2017.

Following a week of Brexit-based volatility for the Pound Rand exchange rate, Sterling has been able to recoup some of its losses against the South African Rand thanks to unsupportive metal prices and concerns about the impending South African budget. Last week, the interbank Pound Rand exchange rate fell from 17.09 to 16.56. The Pound [...]

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The Pound South African Rand exchange rate saw a minor increase over the course of last week. After spiking to 17.12 yesterday, GBP ZAR has weakened and is trading back around Friday’s closing levels of 16.90. After weeks of tense waiting over the Christmas period, the UK Supreme Court finally delivered the verdict on Article [...]

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GBP ZAR Strengthens Ahead of SARB Policy Meeting

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Date: 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 [...]

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GBP/ZAR Fluctuates on Shifting Risk Appetite

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Date: January 18th, 2017.

The Pound to South African Rand exchange rate fell on Tuesday morning as investor demand for risky currencies increased while Sterling was weighed down by persistent Brexit fears. The interbank GBP/ZAR exchange rate briefly fell to a low of 16.21 on Monday but had climbed back above the week’s opening levels by the close of [...]

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GBP ZAR Down on ‘Hard Brexit’ Fears

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Date: 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 [...]

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The New Year has already proven to be a dramatic one for the Pound, with the first two days of trading against the Rand seeing an initial rise before Wednesday’s tumble. South African news has been limited, though precious metal prices have exerted a positive influence on the Rand so far. In the post-Christmas period, [...]

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The Pound to South African Rand exchange rate fell on Thursday, extending the pair’s worst levels since the US election in November as emerging market currencies benefitted from a US Dollar selloff. GBP/ZAR has fallen almost half a Rand in value since markets opened on Monday and now trends near 16.80 on the interbank market. [...]

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The interbank Pound to South African Rand exchange rate has remained around the 17.20 level so far this week, with Wednesday’s UK ecostats doing little to boost support for the Pound. Sterling has slumped this week with pre-holiday trade slowing and optimism of a good UK-EU single market deal waning again. The first news to [...]

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It has been a choppy few days of trading for the Pound to South African Rand exchange rate, with both currencies rocked by respective domestic data. Even a dire performance from South Africa’s Q3 GDP figures failed to halt the GBP ZAR exchange rate decline, which started at the beginning of last week. Investor appetite [...]

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