A credit rating review of South Africa (SA), a meeting of the SA central bank and ongoing political risk suggest the possibility of volatility; whilst in the UK the chancellor unveils his autumn bu…
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The auction comes a week out from a November 24 review, which could see S&P and/or Moody’s cut South Africa’s local-currency rating beneath investment grade.
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The threat to South Africa's credit rating was raised Monday, heaping further pressure onto the Rand, government bonds and pushing GBP/ZAR to new highs.
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A compelling chart pattern favours a rise in the Pound-to-Rand in the week ahead, with political risks for both currencies potentially providing the high volatility drivers.
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Expectations of a sovereign downgrade had risen since October’s medium term budget statement, only to solidify in November following press reports that the Zuma government is preparing to rollout f…
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The Pound-to-South African Rand is at a crossroads on price charts as we enter the new trading, though a lack of market-moving data means the outlook could remain fuzzy for some time.
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The Pound is weakening against the South African Rand after the Bank of England (BOE) increased interest rates at its meeting on Thursday but did so cautiously.
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Morgan Stanley is bearish the Rand in the short-term having revised down its end of year targets for the currency, but the investment bank sees a 'light at the end of the tunnel' for the currency i…
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The Rand weakened substantially following last week's budget but losses may only have been temporary suggests one interpretation, backed up by several analysts views.
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