South Africa’s currency is still feeling the ripples of Britain’s decision to leave the European Union.
Unambiguously dovish comments from the Bank of England abruptly ended the pound’s tentative recovery.
South Africa's rand dips against the dollar on Thursday morning amid a slowing recovering by emerging assets.
The recently battered pound crawled higher on Thursday, but looked poised to lose more than 7 percent for the month.
The pound and the euro recovered some of their poise on Wednesday.
South Africa’s rand finds firmer footing against the dollar on Tuesday morning.
Britain’s sterling clawed back some ground on Tuesday as risk aversion eased slightly.
Investors are concerned that Britain’s decision to leave the EU will trigger a rate cut by the Bank of England.
South Africa’s volatile rand weakened against the dollar in early trade on Monday.
Britain’s currency gets hammered as traders forecast months of uncertainty following the nation’s decision to leave the EU.
SA’s rand is on track for its biggest one-day percentage fall since 2008 after Britain’s vote to leave the European Union.
Rand one of the biggest victims as Brexit triggers rush into safe-havens such as the yen and the dollar.
Britain’s currency fell as much as 9% to a 30-year-low below $1.35 as results from the EU referendum trickled in.
SA’s rand extended gains against the dollar in early trade on Thursday.
The pound advanced to a six-month high against the dollar on Thursday just hours before Britain’s EU referendum.