GBP/ZAR - Results from #40

03 April 2017 Chart Studies Suggest South African Rand Could see Potential Relief Ahead

The Rand has plunged against major currencies during the past week after South African President Jacob Zuma fired the country’s respected Finance minister Pravin Gordhan, what are the charts saying…

31 March 2017 South African Rand: Far Bigger Losses Could Lie Ahead Warn RMB

The South African Rand has weakened substantially after the news that the Finance Minister Pravin Gordhan had been sacked by Jacob Zuma during a cabinet reshuffle.

27 March 2017 5-Day Forecast for the Pound to South African Rand Exchange Rate

 There are signs the GBP/ZAR down-trend is getting a bit long in the tooth.

20 March 2017 Pound vs Rand: Studies Suggest Reversal Potential Which Could Put an End to the Battering

GBP/ZAR has been falling steadily for months, reaching yearly lows of 15.56 last Thursday after the Bank of England’s (BOE) hawkish (meaning wanting higher interest rates) rate meeting.

13 March 2017 Pound's Downtrend Against Rand Tipped to Extend: The Next Targets

With no major signs of the downtrend ending yet, we forecast GBP/ZAR to continue lower, with a break below the 15.7500 confirming a continuation down to 15.5000.

06 March 2017 South African Rand's Move Higher Against Sterling Becomes Increasingly Laboured

GBP/ZAR has now surpassed the 2016 October lows forged when hard Brexit fears were at their worst after Theresa May’s speech at the Conservative party conference.

28 February 2017 South African Rand Advances on Pound Amidst Emerging Market Favouritism

The South African Rand has gradually strengthened versus the Pound after the outlook for emerging market currencies brightened.

20 February 2017 Bruised Pound / Rand Exchange Rate Could Slip to Fresh Multi-Year Lows, but Politics Remains a Wild-Card

A triangle pattern has formed on GBP/ZAR with bearish connotations.

13 February 2017 Pound / Rand Exchange Rate Tipped for a Ride Higher Following Significant Break Above Trendline

The GBP/ZAR pair has broken above a key multi-month trendline signalling the balance of probabilities now favour more upside, with 17.50 providing an initial target but the potential for much highe…

06 February 2017 South African Rand: Still below Fair-Value, Should Rise in 2017

 The outlook for the South African Rand has undergone something of a transformation according to a recent note by Deutsche Bank’s Gautam Kalani.

23 January 2017 Pound / South African Rand: More Upside Potential

Price charts are indicating more upside for GBP/ZAR.

19 January 2017 South African Rand vs the Pound: GBP/ZAR Turning Positive, 16.9500 in Crosshairs

GBP/ZAR gapped down on Monday and then reversed and surged higher after Theresa May’s Brexit speech encouraged Sterling bulls.

16 January 2017 South African Rand in 2017: a Game of Two ZARs say HSBC

Analysts at HSBC see the Rand as likely to have a year of two halves.

10 January 2017 South African Rand / Pound: GBP/ZAR Bounce Possible

The Pound to Rand exchange rate (GBP/ZAR) is falling towards its three-year lows as the long-term downtrend takes over and starts driving the exchange rate down again.

02 January 2017 South African Rand Strengthens as Chinese Data Shows Rapid Improvement

27 December 2016 The Rand More Likely to Rise This Week As Sentiment Barometer Signals Greater Risk Appetite

19 December 2016 Gains For Pound to South African Rand Helped By Fall in Gold

12 December 2016 Rand to see Strength Against Pound Fade this Week

Trump-inspired global reflationary hopes responsible for Rand recovery but technicals point to weakness on the horizon.

06 December 2016 South African Rand Boosted as Markets Welcome Talk of Italian Banking Rescue

The GBP/ZAR pair pulled back at the start of the new trading week as the market shrugged off fears linked to political drama in Italy and continued supporting risk appetite, at least globally, whic…

28 November 2016 Zuma Survives Challenge, South African Rand Falls Accordingly but Forecast to Maintain Some of its Recent Gains

Higher yielding currencies like the Rand clawed back gains on Monday as the chances of a deal being struck by OPEC seemed to fade, whilst a backlash in the ANC raised hopes President Zuma would res…