Charts are pointing to more upside for GBP/ZAR whilst fundamentals are suggesting further weakness.
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Both the daily and weekly GBP/ZAR charts are showing bullish potential.
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The rand has supportive backwinds which could pressure GBP/ZAR lower over time.
Read more … →The GBP/ZAR has risen for seven out of the last seven days after concerns about South Africa’s political stability led to a weakening of the rand, whilst heightened expectations of the Federal Rese…
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Much hinges on Janet Yellen’s speech on Friday as rand remains lackey of dollar.
Read more … →The GBP/ZAR has extended its down-trend into the lower 17s on the back of a still-pessimistic outlook for sterling due to post-Brexit fallout.
Read more … →The GBP/ZAR pair is in a steep down-trend which has reached a strata of chart support in the 17s; on the fundamental front the outcome of South African elections is proving mildly positive for the …
Read more … →The lack of South African domestic data and the likelihood of more stimulus from the Bank of England means the GBP/ZAR pair is at risk of falling in the week ahead, unless it is propped up by globa…
Read more … →Ever sensitive to global risk trends, the South African rand kept pushing higher on Friday after the Bank of Japan (BOJ) underwhelmed investors with its stimulus offering, indicating a more optimis…
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