The South African Rand was seen outperforming peers at the start of a new week for global FX, however gains are proving harder to come by against a resurgent Sterling which appears to be benefiting…
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It is still quite early to determine whether this bounce represents a real change of trend or just a temporary pull-back but the evidence suggests there is a strong chance it could represent a chan…
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The Rand shifted down a gear late last week after an impressive run higher earlier on, although some analysts say downside for the South African currency is likely to be limited during the week ahe…
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The Pound is firmly back above the 18.00 threshold against South Africa's rand at the start of the new week; the gains to 18.10 coming despite a broad-based sell-off in Sterling, but it is too soon…
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The Rand hit a new four-month high Tuesday as investors responded to figures showing the economy returning to growth in the recent quarter, and as the international environment continued to improve…
Read more … →The geopolitical changes taking place in relation to trade are a major driver for ZAR and given the already bearishly inclined technicals, we see the downtrend in GBP/ZAR extending in the week ahea…
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The short-term trend in GBP/ZAR is however still one of weakness so we would expect any strength in Sterling to ultimately peter out and the downtrend to resume.
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Analysts at global investment bank Morgan Stanley are backing a stronger South African Rand in 2019.
Read more … →The Rand reached a fresh three-month high Thursday after the South African Reserve Bank (SARB) surprised markets by raising its interest rate for the first time almost three years.
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