Pound Rand forecast page 13 - GBP ZAR

Despite fresh global trade fears hitting market demand for risk-correlated currencies like the South African Rand, the British Pound to South African Rand (GBP/ZAR) exchange rate has still seen significant losses over the past week and has shed essentially all the gains seen a week earlier. This has been due to Rand investors hoping for...

South African Rand (ZAR) Buoyed Following General Election The South African Rand (ZAR) ticked higher against the Pound (GBP) on Thursday as the dust settled on South Africa’s 2019 elections. While votes are still be counted, with full resulted expected on Saturday, early counts put the ruling ANC party on track to win about 56% of...

While investors rolled back from some of the week’s biggest movements on Friday, the British Pound to South African Rand (GBP/ZAR) exchange rate’s Friday losses were limited due to a lack of solid demand for the South African Rand. Despite some investors taking profit from the Pound’s gains, trade uncertainty and uncertainty ahead of...

GBP/ZAR Exchange Rate Falls as US-China Trade Talks Increase Risk-Appetite The Pound South African Rand (GBP/ZAR) exchange rate is down today and currently trading around R18.5247 on the inter-bank market. The South African Rand (ZAR) exchange rate edged higher against the Pound (GBP) today as US-China trade talks are set once again to...

The Pound Sterling to South African Rand exchange rate fell this afternoon, and the pairing is currently trading at an inter-bank rate of R18.3521. This afternoon the International Monetary Fund (IMF) said that a no-deal Brexit would risk a two-year UK recession. In a downbeat half-yearly assessment of the global economy, the IMF...

Despite plummeting emerging market currencies this week, the British Pound to South African Rand (GBP/ZAR) exchange rate’s gains have been limited over the last session as the Pound has also been bearish among forex investors. With both currencies highly unappealing, markets are now anticipating more major developments. Since opening...

GBP/ZAR Exchange Rate Soars on South African Economic Concerns The Pound South African Rand (GBP/ZAR) exchange rate soared 0.9% higher today, and is currently trading in the region of R18.3906. The South African Rand is coming under considerable pressure today as the South African government continues to provide financial support to South...

GBP/ZAR Exchange Rate Climbs Above 1% as South African Retail Sales Plummets The Pound South African Rand (GBP/ZAR) exchange rate soared to over 1% today and is currently trading around R17.9354 on the inter-bank market. Sterling (GBP) gained on the South African Rand (ZAR) today following the publication of South African retail sales...

Despite a lack of supportive UK data or major Brexit developments, the British Pound to South African Rand (GBP/ZAR) exchange rate has been able to advance this week. While some Brexit speculation has supported Sterling, the primary reason for GBP/ZAR gains has been market risk-aversion causing broad late-week weakness in the South African...

GBP/ZAR Exchange Rate Rangebound as May to Return to Brussels after Brexit Vote The Pound South African Rand (GBP/ZAR) is rangebound today and is currently trading at RA17.7970 on the inter-bank market. Sterling (GBP) steadied against the South African Rand (ZAR) today after last night’s parliamentary vote on Prime Minister Theresa...