The rand has supportive backwinds which could pressure GBP/ZAR lower over time.

September 9,2016

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 Reserve moving to raise interest rates further pressured the currency.

August 30,2016

Much hinges on Janet Yellen’s speech on Friday as rand remains lackey of dollar.

August 24,2016

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.

August 16,2016

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 rand.

August 10,2016

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 global factors.

August 2,2016

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 optimistic outlook.

July 29,2016

Risk trends are likely to dominate the movement of the South African rand in the week ahead, which given the less negative than expected impact of Brexit, may be positive both for risk appetite and the rand.

July 25,2016