Currency News

Daily Exchange Rate Forecasts & Currency News

Pound Rand forecast - GBP ZAR

A round up of the latest Pound Rand forecast news items from the Currency News desk.

LIVE EXCHANGE RATE 06:24:05 Pound Rand Rate »
GBP/ZAR -0.03 Days Low Days High Last Daily
16.44841 -0.16% 16.44701 16.50710 16.47428

GBP ZAR Exchange Rate Near Monthly Lows after Surprise UK GDP Slowdown

25 May 2017 at 3 PM - Written by Frank Davies

The Pound’s poor performance today follows the release of second estimates for UK GDP growth in the first quarter. On the positive side, the annual estimate has been revised up from 1.9% to 2%; this notably fell short of the predicted 2.1%. The more impactful and damaging news, however, has been that quarter-on-quarter growth has been...

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GBP ZAR Exchange Rate Surges on Surprise UK Unemployment Rate Drop

17 May 2017 at 4 PM - Written by James Fuller

The Pound’s significant gains against the Rand come after a mixed UK data release, which brought historically positive and negative results. On the supportive side, UK unemployment in March dropped from 4.7% to 4.6%, bettering forecasts for no movement. This put unemployment at a historic low, while the percentage of employed persons has...

CATEGORIES: Daily Currency Updates Pound Rand Forecasts

GBP to ZAR Exchange Rate Slips back from Weekly Highs

28 Apr 2017 at 2 PM - Written by John Cameron

After advancing for most of the week last week, the British Pound to South African Rand exchange rate slipped from its highs on Friday as the latest UK growth data was highly disappointing and painted a mixed outlook for Britain’s economy in 2017. GBP/ZAR began the week trending at the level of 16.8153. The pair surged in the latter half...

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GBP ZAR Exchange Rate Surges on UK Election Speculation

19 Apr 2017 at 3 PM - Written by Toni Johnson

The GBP ZAR exchange rate has surged over the last 24 hours following the surprise announcement from Prime Minister Theresa May that she is seeking to hold an early general election on the 8th of June. In her announcement the PM reasoned that her decision to call an early election was due to the political split in parliament saying that...

CATEGORIES: Pound Rand Forecasts

GBP ZAR Exchange Rate Tight on Zuma Questioning

16 Mar 2017 at 4 PM - Written by Toni Johnson

The British Pound to South African Rand exchange rate held above weekly lows towards the end of the week’s European session, but still looked to record losses this week and end the week near lows not seen since 2013. Analysts are becoming increasingly optimistic on the Rand outlook and risk measures on the currency have been consistently...

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GBP ZAR Exchange Rate Boosted by Market Risk Aversion

8 Mar 2017 at 5 PM - Written by Tim Boyer

The British Pound to South African Dollar exchange rate surged on Thursday afternoon. Demand for emerging market currencies like the Rand faded on Thursday as traders increasingly anticipated Friday’s US Non-Farm Payroll figures. If the February US employment data impresses investors, more investors will become confidence that the...

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GBP ZAR Exchange Rate Trends Narrowly Ahead of Zuma State of the Nation Address

8 Feb 2017 at 4 PM - Written by Ben Hughes

The British Pound to South African Rand exchange rate flattened on Thursday afternoon, slumping from its weekly highs due to lower Bank of England (BoE) tightening bets. Investors became less optimistic about the foreseeable future of UK monetary policy once it emerged that BoE hawk Kristin Forbes was stepping down from the Monetary Policy...

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GBP ZAR Exchange Rate Falls as Brexit Bill Expected to Pass Through Parliament

31 Jan 2017 at 2 PM - Written by Ben Hughes

The British Pound to South African Rand exchange rate continued to test the day’s best levels throughout most of Wednesday afternoon. As South African’s own manufacturing PMI from Barclays had unexpectedly risen above the 50 contraction point for the first time in a while, the Pound’s gains against the Rand were...

CATEGORIES: Pound Rand Forecasts

Rising Gold Prices Support ZAR, Pound South African Rand Exchange Rate Dips

17 Jan 2017 at 11 AM - Written by Minesh Chaudhari

The Pound to South African Rand exchange rate trended near its worst daily levels on Wednesday afternoon but remained well above the week’s opening levels. The South African Rand failed to capitalise on the weaker Pound throughout the day due to limited demand for risky emerging market currencies ahead of Donald Trump’s upcoming...

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Pound Sterling (GBP) to South African Rand (ZAR) Fluctuates near Weekly Lows

22 Dec 2016 at 12 PM - Written by Minesh Chaudhari

The Pound to South African Rand exchange rate fell on Tuesday and has fluctuated near its worst weekly levels since then. Due to a lack of fresh supportive factors for the Pound, investors have seen little reason to buy it this week. GBP/ZAR began the week trending at 17.48 and on Tuesday dropped into the region of 17.20. Despite some...

CATEGORIES: Pound Rand Forecasts