The Pound to Rand pair entered the new the week on the back foot after the re-election of President Cyril Ramaphosa as leader of the African National Congress incited a rally in South African exchange rates that appeared to place GBP/ZAR at risk of falling back toward the 20.80 area in the days ahead.
December 19,2022
The South African Rand climbed against most of the currencies in the G20 bucket during the opening half of the week and could lead GBP/ZAR to one month lows with a break back beneath the 20.0 handle in the days ahead if the stalling Dollar brings high yielding currencies back into fashion among investors.
August 10,2022
The Pound to South African Rand exchange rate entered the new week close to three-month highs but would risk slipping back toward the 19.50 level or below in the days ahead if the Dollar remains soft or negotiations over a disruptive labour strike at energy monopoly Eskom are succesful at curtailing disruptions to the electricity supply.
July 4,2022
The Pound to Rand exchange rate has stabilised above the 19.0 handle with support from a turn higher by the U.S. Dollar but would likely struggle to advance beyond the nearby 19.90 level if USD/ZAR remains contained by its 2022 high around 16.32 in the days and weeks ahead.
June 23,2022
The Pound to Rand rate fell to its lowest for almost two months early in the new week but could be likely to stabilise above the nearby 19.27 level over the coming days after the South African currency was stalled by a series of key resistance levels against the Dollar on the charts.
June 6,2022
The Pound to Rand exchange rate has sat out a rally in Sterling and would likely be at risk of slipping back toward its May lows in the days ahead if China’s Renminbi furthers a nascent rebound and if the U.S. Dollar continues to cool its heels following a lengthy advance.
May 17,2022
The Pound to Rand exchange rate has attempted to further its April rebound in recent trading but could struggle for upward momentum on any recovery above 20.00 and would be at risk of sliding back toward 19.45 in days ahead as and when the USD/ZAR pair eases further from its latest highs.
May 10,2022
April 21,2022
January 10,2022
The Rand outperformed on Tuesday with gains over many contemporaries even as developed world bond yields surged and global stocks came apart at the seams, although analysts say the recent 14.40-to-15.40 range is likely to dominate for USD/ZAR through Wednesday's budget.
February 23,2021
The Rand lost more ground to major developed and emerging currencies on Wednesday despite robust gains for risk assets including commodities, while some of the latest forecasts suggest USD/ZAR has effectively bottomed out and that GBP/ZAR should hold above 20.0 through the year ahead.
January 6,2021
The Rand was in comeback mode Tuesday having outperformed major developed and emerging market rivals but the South African currency has significant scope to advance further in the months ahead, according to upgraded forecasts from Goldman Sachs.
September 22,2020
The Rand tumbled Friday as the Turkish Lira dragged emerging market currencies lower, encouraging a risk averse turn in sentiment ahead of the weekend that built on the back of crystalising hostility between the U.S. and China.
August 7,2020
The Rand scored more gains over rivals Thursday as the South African currency continued to benefit from a U.S. Federal Reserve that's becoming more conscientious about the economic impact of its monetary policy, but the current honeymoon might not last for long.
January 10,2019