South African politics is likely to be the main driver of the pair with an appreciation of the Rand likely if president Zuma is ousted from power.
Read more … → "At present it looks as if the era Zuma was finally nearing its end, which would of course be good news for the rand," - Antje Praefcke, Commerzbank.
Read more … →The South African Rand still looks poised for more gains versus the Pound in the coming week as a compelling bearish pattern forms on the weekly chart.
Read more … →“FX returns could be front-loaded if the presidency changes hands in the next few weeks and a rating downgrade is avoided,” Zach Pandl, global co-head of foreign exchange at Goldman Sachs.
Read more … →A bellwether of how entrenched President Jacob Zuma is will come on February 08, at the The State of The Nation address, while February's budget statement is a hard deadline for change.
Read more … →The Pound-to-South-African Rand is forecast to continue falling to as low as 14.50 as the outlook for the Rand improves.
Read more … →The Pound-to-Rand exchange rate has shown little volatility of late unlike other Rand pairs, but it may catch up as some weakness is forecast eventually.
Read more … →As Ramaphosa pushes for reform and speculation mounts over President Jacob Zuma's departure, analysts are becoming more optimistic in their forecasts for the Rand.
Read more … →Efforts to oust President Zuma are gaining momentum and fuelling a rally in the Rand. When the dust settles on politics, the SARB will take centre stage again.
Read more … →