Pound Rand forecast page 11 - GBP ZAR

While the South African Rand rebounded slightly from weeks of losses, the British Pound to South African Rand (GBP/ZAR) exchange rate is still on track to sustain gains this week as the Pound has rebounded more strongly. Sterling has benefitted from strong UK data and signs that UK politicians are working to prevent the government from...

South African Rand (ZAR) Weakened by Recession Fears The South African Rand (ZAR) remained on the back foot on Thursday, as markets remains wary of spooked by the prospect of a global recession. These fears come after US bond yield inverted for the first time in over a decade this week, an event which is traditional thought to herald a...

Could the South African Rand’s downward trend have come to an end for now? The British Pound to South African Rand (GBP/ZAR) exchange rate plunged on Tuesday afternoon as investors reacted to surprise optimistic developments in the US-China trade war. The Pound was unable to benefit from the morning’s UK job data, making it easier for the...

Despite deepening concerns of a possible no-deal Brexit, as well as continued speculation that Britain’s economy could see a recession in the coming months, the British Pound to South African Rand (GBP/ZAR) exchange rate has surged today. The pair continues to climb on broad South African Rand weakness, as the Rand is throttled by South...

GBP/ZAR Exchange Rate Edges Higher on South African Economic Woes The Pound South African Rand (GBP/ZAR) exchange rate rose today, leaving the pairing fluctuating around R18.227. The South African Rand (ZAR) fell following yesterday’s publication of the year-on-year South African Manufacturing Production Index for June, which fell below...

Pound South African Rand (GBP/ZAR) Exchange Rate Rises as Shanghai Talks End Without Signs of a Breakthrough The Pound Sterling South African Rand (GBP/ZAR) exchange rate edged up and the pairing is currently trading at an inter-bank rate of R17.3140. The Rand was left under pressure on Wednesday following a fresh wave of US-China trade...

Following months of controversy and a recently unveiled government bailout program for South Africa’s embattled energy firm Eskom, the company’s latest financials were published today and helped to keep pressure on the British Pound to South African Rand (GBP/ZAR) exchange rate following yesterday’s board plummet. Sterling remains...

GBP/ZAR Exchange Rate Edges Higher as SA Economic Growth Forecast is Slashed by IMF The Pound South African Rand (GBP/ZAR) edged higher today, leaving the paring trading around R17.386. The South African Rand (ZAR) failed to make any gains on the Pound (GBP) despite encouraging year-on-year South African Consumer Price Index data for...

Pound South African Rand (GBP/ZAR) Exchange Rate Falls as UK Wages Rise at Fastest Pace Since 2008 The Pound Sterling South African Rand (GBP/ZAR) exchange rate slumped by around -1%, and the pairing is currently trading at an inter-bank rate of R17.2250. On Tuesday morning the Office for National Statistics (ONS) revealed that UK wages...

South African Rand (ZAR) Roars Higher on Chinese Data The South African Rand (ZAR) shot higher against the Pound (GBP) and the majority of its other peers on Monday as market risk appetite was improved by a slew of economic data published by China, the focus of which being China’s latest GDP figures. Whilst Chinese economic growth...