Studies of the Pound-to-Rand exchange rate outlook suggests the South African currency could recover some lost ground over coming days.
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The Pound-to-South African Rand exchange rate is now at 19.14 and has broken above several key levels ending its sideways trend and setting it on a course to move higher.
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The Rand was on the ropes again Wednesday as markets continued to respond to a dire first-quarter economic performance, which has already prompted forecast downgrades from Standard Bank, although t…
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The Rand was on its back foot against major counterparts Tuesday and might remain on the defensive for a while yet but there's at least one rival that it's set to prosper against, according to Bank…
Read more … →The outlook for the Pound against the South African Rand is negative in the short-term but the pair appears slightly more directionless on a multi-week timeframe.
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The Rand was resurgent Thursday, building on gains wracked up during the overnight session, after President Cyril Ramaphosa allayed market concerns over the composition his cabinet although analyst…
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The Rand was on course for a second consecutive day of steep losses Wednesday as markets continued to protest the likely reappointment of an allegedly-tainted candidate to the role of deputy presid…
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Concerning the near-term outlook for GBP/ZAR we see the pair has been in a short-term downtrend ever since the start of May which should reassert after a pause.
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The South African Rand is at risk from an imminent re-weighting of a major emerging market share index so that more Chinese shares are included at the expense of SA shares, according to analysts at…
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