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Julius Baer lowered its South African rand forecasts, saying the currency has given back all gains made since Cyril Ramaphosa became ANC leader. Weak Q1 GDP, a May PMI contraction and a wider current account deficit were cited, alongside an emerging-market sell-off and trade tensions.
A persistently weaker rand keeps South African feed and energy import costs elevated, and the bank's view that the SARB is unlikely to hike this year limits near-term currency support.
poundsterlinglive.comNews, Data, ForecastsJun 22, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
