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GBP to ZAR Forecasts

The Pound to South African Rand exchange rate briefly dipped on Monday but by Tuesday was trending near the week’s opening levels of 17.25. Jitters about Britain’s upcoming general election faded slightly and demand for emerging-market currencies has been mixed, allowing the pair to hold its ground. Monday saw the Pound drop against the South [...]

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Last Friday South African mining production unexpectedly jumped 15.5% on the year in March, boosting the appeal of the Rand. As there was also a modest uptick in manufacturing production this encouraged hopes that the economy is in an improving state of health in spite of ongoing political jitters. This put some pressure on the [...]

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Last week April’s raft of UK PMIs bettered expectations, temporarily easing fears over the underlying health of the domestic economy. A solid uptick in the service sector in particular helped to boost the Pound, given that it accounts for more than three quarters of UK economic growth. However, the details of the surveys pointed towards [...]

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As we hit mid-week, the Pound to South African Rand exchange rate continues to trend near the week’s opening levels of 17.33. The pair has trended just below this level for most of the week as Brexit concerns and a stronger Rand have limited Pound strength. Demand for the Pound has generally improved since Tuesday’s [...]

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Theresa May’s unexpected call for a snap general election prompted significant volatility for the GBP ZAR exchange rate. While investors were initially unsettled by the announcement, the Pound soon rallied on speculation that the Conservatives will sweep the vote. In spite of the hard line of rhetoric that May has maintained, there were hopes that [...]

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GBP/ZAR Rally Eases

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Date: April 19th, 2017.

The Pound to South African Rand exchange rate has once again tested levels above 17.00 this week. However, as markets perceive the Rand as being undervalued, even a particularly robust Pound has had trouble driving GBP/ZAR to monthly highs. Tuesday saw the Pound surge as UK Prime Minister Theresa May suddenly and surprisingly announced that [...]

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Turmoil dominated the outlook of the Rand as South Africa’s credit rating was downgraded to junk by Standard & Poor’s. This move came as a result of President Jacob Zuma’s decision to fire his experienced finance minister in a major cabinet reshuffle, raising concerns over the future health of the economy. Although the Standard Bank [...]

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The Pound to South African Rand exchange rate has been performing strongly this week despite poor UK data. This saw GBP/ZAR reach a high of 17.31 on Tuesday, the pair’s best levels since December 2016. The Pound has been able to advance against the South African Rand so far this week largely due to broad-based [...]

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Markets were pleased to hear that the South African inflation rate had fallen from 6.6% to 6.3% in February. While inflation is still above the South African Reserve Bank’s (SARB) target range this progress was positive for the Rand. If the domestic economy in general can show similar improvement this could give investors greater reason [...]

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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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