The Pound-to-Rand exchange rate is trading at 18.58 at the time of writing, down 0.80% on the day in line with broad-based Sterling weakness, however, the pair rallied 1.32% in the week before, and our technical studies of the charts suggest the pair will probably continue higher in the short-term.

August 20,2019

The Rand was left wounded Wednesday after suffering disproportionately during another global sell-off in so-called risk assets, but analysts at Investec say the South African currency is likely to recover from recent losses once into the final quarter of the year.

August 15,2019

The GBP/ZAR exchange rate is in a new short-term uptrend which is likely to extend should a major resistance point be surpassed.

August 12,2019

The Rand sank against the Dollar and Pound Friday in response to a cocktail of adverse headlines both international and domestic, although analysts are turning increasingly cautious in their outlook and Commerzbank says the charts are arguing for more downside in the South African currency during the days ahead.

August 9,2019

The Pound-to-Rand exchange rate is trading at around 18.05 at the time of writing, up 0.40% already on the week before, and studies of the charts suggest the pair will probably continue its new uptrend in the week ahead.

August 6,2019

The Rand slumped at the opening of the new week Monday as many emerging market and commodity currencies were dragged into the red by a falling Chinese Renminbi, but there is still plenty of scope for losses to build further, according to mutliple analysts. 

August 5,2019

The outlook for the Rand has deteriorated, according to Johannesburg based Standard Bank, who have revised down their end of year forecasts.

August 1,2019

The Rand ceded ground to a buoyant Dollar and Brexit-stricken Pound Sterling Tuesday as financial markets await the latest financial results from ailing power utility Eskom, although multiple analysts are growing increasingly concerned about the outlook for the South African currency. 

July 30,2019