Pound Rand forecast page 12 - GBP ZAR

GBP/ZAR Exchange Rate Sinks as Risk-On Markets Boosts South African Rand The Pound South African Rand (GBP/ZAR) exchange rate eased by 0.3% today, with the pairing fluctuating around R17.437. The South African Rand (ZAR) rose against the Pound (GBP) on the return of risk-appetite following the US Federal Reserve’s Governor, Jerome...

Pound South African Rand (GBP/ZAR) Exchange Rate Flat as Brexit Pessimism Leaves UK Economy Under Pressure The Pound Sterling South African Rand (GBP/ZAR) exchange rate remained muted and the pairing is currently trading at an inter-bank rate of R17.6917. On Wednesday the Office for National Statistics (ONS) revealed that the UK economy...

Pound South African Rand (GBP/ZAR) Exchange Rate Muted as UK Service Sector Close to Stagnation The Pound Sterling South African Rand (GBP/ZAR) exchange rate remained muted and the pairing is currently trading at an inter-bank rate of R17.7217. Sterling remained under pressure as the UK services PMI edged down from 51 in May to 50.2 in...

Pound South African Rand (GBP/ZAR) Exchange Rate Falls as Carney sees ‘Notable’ Increase in No-Deal Risk The Pound Sterling South African Rand (GBP/ZAR) exchange rate slumped and the pairing is currently trading at an inter-bank rate of R18.0702. On Wednesday, Bank of England (BoE) Governor Mark Carney along with other policymakers...

GBP/ZAR Exchange Rate Increases as SA Inflation Holds in SARB’s Target Range The Pound South African Rand (GBP/ZAR) exchange rate rose today and is currently trading around R18.2959 on the interbank market. The South African Rand (ZAR) sank against Sterling despite better-than-expected annual SA Consumer Price Index (CPI) figures for...

Despite South Africa’s recent political uncertainties and growth fears, the British Pound to South African Rand (GBP/ZAR) exchange rate plummeted today. Signs that major Central Banks were planning interest rate cuts while the South African Reserve Bank (SARB) would likely not cut rates much made it easier for the South African Rand to...

Pound South African Rand (GBP/ZAR) Exchange Rate Falls despite Record High UK Employment The Pound Sterling South African Rand (GBP/ZAR) exchange rate slipped and the pairing is currently trading at an inter-bank rate of R18.7259. The UK unemployment rate remained steady at 3.8% in the three months to April. The Office for National...

GBP/ZAR Exchange Rate Falls as South African PPI Figures Improve The Pound South African Rand (GBP/ZAR) exchange rate is down today and is trading around R18.4513 at the time of writing. The South African Rand (ZAR) rose against the Pound (GBP) following the release of the South African Producer Price Index (PPI) figures for April, which...

GBP/ZAR Exchange Rate Flat as SA Economy Struggles as US-China Trade War Continues The Pound South African Rand (GBP/ZAR) exchange rate is steady today and is trading around R18.3048 on the inter-bank market. The South African Rand (ZAR) stabilised against the Pound (GBP) as the South African economy continues to struggle from a lack of...

Despite trade tensions between the world’s two biggest economies continuing to worsen, the trade-correlated South African Rand has been surprisingly resilient and the British Pound to South African Rand (GBP/ZAR) exchange rate has simply continued to fall. Market optimism about South Africa’s newly elected government is helping the...