A weakening US Dollar has put pressure on GBP/ZAR due to complex macro inter-relationships.
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GBP/ZAR is trading at the bottom of a long-term range after Sterling sold off due to fears over weak growth data.
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The Rand saw volatile trading on Thursday as traders responded to the latest South African producer price inflation figures and an ongoing ascent of US bond yields, which has put all emerging …
Read more … →The Rand fell deeper into the red Wednesday as American bond yields continued their ascent higher and the US Dollar reigned supreme over the entire global currency complex, leading some analysts to…
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GBP/ZAR to retouch 17.30 highs in coming week as Pound rebound continues.
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The South African Rand has seen its best days for 2018 and is now set to depreciate, according to analysts at Commerzbank, who flag a range of domestic and offshore factors likely to push the curre…
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The South African Rand's outlook remains "relatively favourable" say analysts at one of South Africa's largest lender, Nedbank.
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The Pound to South African Rand is now trading above the 17.00 mark at the start of the new trading week.
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A mixture of reserve bank policy change and a technical breakthrough on the price charts has improved the outlook for GBP/ZAR.
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