The Pound to Rand exchange rate appeared to be finding its feet near notable technical support on the charts ahead of the weekend and after the South African Reserve Bank (SARB) signaled that its next move would likely be an interest rate cut if inflation remains contained during the intervening months.
July 21,2023
The Pound to Rand exchange rate steadied near some of its softest levels since the opening of May early in the new week but its path ahead is clouded by uncertainty about the outcome of inflation updates on both sides of the GBP/ZAR equation and the Bank of England (BoE) interest rate outlook.
June 20,2023
The South African Rand narrowly avoided a new record low against the Pound on Thursday after sinking in response to a South African Reserve Bank (SARB) decision to adopt a "restrictive" interest rate policy as part of its effort to return inflation to within the target band.
May 25,2023
The Pound to Rand exchange rate has receded from seven-year highs and could unwind more of its recent rally if the South African Reserve Bank (SARB) succeeds in steadying its undervalued currency this Thursday but risks are finely balanced to the up and downside for GBP/ZAR.
May 23,2023
The Pound to South African Rand exchange rate has retreated from almost two-year highs in recent trade but a heightened risk of further increases in the South African Reserve Bank (SARB) cash rate could mean that GBP/ZAR now struggles to resume its earlier uptrend in the weeks ahead.
April 5,2023
The Rand rallied across the board in the penultimate session of the week after the South African Reserve Bank (SARB) raised its interest rate further than was expected and indicated that further increases would be likely if local inflation risks persist through the months ahead.
March 30,2023
The Pound to South African Rand exchange rate rally has stalled at more than two-year highs in recent days but it could remain elevated near those levels if domestic economic difficulties lead the South African Reserve Bank (SARB) to adopt an "incrementally more dovish" stance on Thursday.
March 28,2023
The South African Rand was an outperformer ahead of September's Federal Reserve policy decision but could rise further against some currencies ahead of the weekend if the South African Reserve Bank (SARB) outpaces its U.S. counterpart when lifting its own benchmark for borrowing costs on Thursday.
September 21,2022
The South African Rand fell to two-year lows in the penultimate session of the week and could be heading toward highly volatile week in which the South African Reserve Bank (SARB) is set to announce its latest interest rate decision amid a bonnanza of other central bank policy pronouncements.
September 15,2022
The South African Rand outperformed all comparable currencies ahead of the weekend and a barely a day after the South African Reserve Bank (SARB) sought to tamp down domestic inflation expectations and fend off currency depreciation with its largest interest rate rise for two decades.
July 22,2022
The Pound to Rand exchange rate was left struggling after its earlier rally was stymied when the South African Reserve Bank (SARB) announced its largest interest rate rise for two decades in a bid to contain rising inflation expectations.
July 22,2022
The Rand extended an earlier rally with further sharp gains over many counterparts after the South African Reserve Bank (SARB) announced its largest increase in its cash rate for six years and raised its forecasts to suggest that borrowing costs are likely to rise further in the months ahead.
May 19,2022
The Rand was soothed and the outlook for it smoothed on Thursday after the South African Reserve Bank (SARB) upgraded its forecasts and gave the currency market a not-so-subtle hint that it has no objections to a strengthening of South Africa's exchange rates this year.
March 25,2021
The South African Rand was on the slide Thursday as the Dollar popped higher during North American trading and after the South African Reserve Bank (SARB) kept its monetary policy powder dry by keeping on the table the option of another interest rate cut at a later date.
January 21,2021
The Rand was losing a battle to recapture December's highs from the Dollar and Pound on the Friday but could be further tested over the week ahead when the South African Reserve Bank (SARB) seeks to navigate a minefield of risks in latest interest rate decisio.
January 15,2021
The Rand steadied late in a third consecutive session of losses Thursday after the South African Reserve Bank (SARB) left its interest rate unchanged, although with the Dollar resurgent alongside coronavirus containment measures in North America, the risk is of a further move lower for the currency.
November 20,2020
The Rand shone Thursday after the South African Reserve Bank (SARB) eschewed what would’ve been its fifth rate cut this year despite a darkening economic outlook that forced a downgrade of the bank’s GDP forecasts.
September 17,2020
The Rand charged higher alongside the Chinese Yuan and international stock markets on Tuesday but may rise even further before month-end, according to new research from Investec, although Thursday's South African Reserve Bank (SARB) interest rate decision is a risk that could scupper the outperforming currency.
September 16,2020
The Rand weakened Thursday after the South African Reserve Bank (SARB) said the nation's inflation outlook has improved significantly since its November policy statement and there is now less reason for it to raise interest rates again any time soon.
January 18,2019
The Rand rose Thursday as traders responded to a hawkish interest rate statement from the South African Reserve Bank (SARB) and the government's surprise announcement of an economic stimulus package set to be unveiled on Friday.
September 20,2018