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GBP to ZAR Forecasts

January’s South African production figures showed a general improvement, on the whole recovering from the contraction seen at the end of 2016. This encouraged investors to pile back into the Rand, particularly as the general appeal of higher-yielding assets picked up. Even though the domestic political situation remains volatile and the underlying fundamentals of the [...]

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Losses for GBP ZAR Exchange Rate ahead of Spring Budget The Pound dropped by -0.8% against the South African Rand on Tuesday and could be in for further losses depending on how Wednesday’s Spring Budget turns out. While the latest South African data has shown a sharp drop in domestic GDP, this has not prevented [...]

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GBP/ZAR Hits New 3-Year Low

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Date: February 28th, 2017.

The Pound to South African Rand exchange rate briefly hit a fresh three-year-low of 16.01 on Monday afternoon. It rebounded later in the day however as investors awaited Trump’s Presidential address. Monday saw the Pound slump to multi-year lows against the South African Rand. The Pound plunged against most of its other rivals too as [...]

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Poor UK data undermined the outlook for the UK economy, causing the GBP ZAR exchange rate to slump to a three-and-a-quarter-year low of 16.07 last week. The outlook for UK consumer spending took a battering last week thanks to a series of poor data releases. Tuesday’s consumer price index rose to 1.8% on the year [...]

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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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