Rand Price Testing Support Ahead of SARB MPC Rates Decision
The SARB looks set to raise benchmark lending rates by 25 basis points at the upcoming MPC meeting, while inflation remains high and despite a weak growth outlook.When is the SARB MPC...
Forex
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Rand Report: Rand in the Deep End as the Economy Drowns
The South African Rand had yet another tough time in the forex markets last week, as prevailing local conditions continue to put pressure on the emerging-market currency. On the bright side,...
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Pound to South African Rand Exchange Rate Could Hold 22.0 Short-term
"The SA yield curve has steepened as rate hikes locally have been priced out. This is also reflected in the FRA curve, where the market is pricing in 70% probability for a final 25bp hike...
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GBP/USD, Daily
The British pound had developed a sharp momentum vs the US Dollar recently, amid a banking crisis in the US and the situation around Silicon Valley Bank. After that, the greenback had...
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GBPUSD Breaking Above Chart Formation
GBPUSD recently broke above the declining channel formation and could possibly continue its upward movement in the near short term. The substantial change of probabilities for interest rate...
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Rand Report: Economic Slowdown and Rand Headwinds
The South African Rand ended yet another week in the red with disappointing economic data serving as the catalyst for ZAR weakness. South African GDP growth figures were released last week...
