Pound Rand forecast page 15 - GBP ZAR

Last week, the Pound to South African Rand exchange rate opened at a level of ZAR17.6225 on Monday and closed down lower at ZAR17.2606 on Friday. This week-long deterioration was down to growing concerns that the UK could face a ‘no-deal’ Brexit, which might necessitate stockpiling essential supplies due to disrupted supply...

On Wednesday, the Pound opened trading against the South African Rand at a level of 17.4681 and later closed down lower at 17.3054. This decline in the value of the Pound was caused by a cautious trader reaction to Confederation of British Industry (CBI) data covering retail activity in July. The CBI’s distributive trades reading...

The Pound South African Rand (GBP/ZAR) exchange rate remains on the defensive this morning, following the pairing’s losses on Thursday following Trump’s attack on Theresa May’s Brexit plans. Pound (GBP) Plummets as Trump Dents Hopes for US Trade Deal The Pound South African Rand (GBP/ZAR) exchange rate came under heavy pressure...

Due to multiple disappointing South African ecostats over the past week, investors have become more concerned that South Africa’s economy will continue to struggle this year. The latest Federal Reserve news put additional pressure on risky emerging market currencies like the Rand, helping the British Pound to South African Rand (GBP/ZAR)...

A lack of supportive factors in Pound trade this week have made it difficult for the British Pound to South African Rand (GBP/ZAR) exchange rate to hold all of its weekly gains. With the US Dollar (USD) rally finally coming to an end, demand for the South African Rand has been much stronger. Despite this, GBP/ZAR remained above the...

Concerns about the Brexit process, as well as disappointment in Britain’s economic outlook, did little to stop the British Pound to South African Rand (GBP/ZAR) exchange rate from climbing this week. Instead, broad risk-aversion has weakened the Rand and helped the Pound to recover most of its recent losses against the Rand. Last week...

A sharp spike in South African consumer confidence was not enough to prevent the Pound South African Rand (GBP/ZAR) exchange rate extending its gains further on Wednesday. While consumer sentiment soared higher in the first quarter, raising the index from -8 to an impressive 26, the appeal of the South African Rand remained...

On Wednesday’s trading session, the Pound to Rand exchange rate declined overall, having shifted from an opening level of 16.7589 to later close down lower in the region of 16.7251. Wednesday’s major UK data covered the unemployment rate and changes to average earnings in January. Unemployment unexpectedly fell from 4.4% to 4.3%,...

The Pound Sterling to South African Rand exchange rate has tumbled today, although GBP is making solid gains elsewhere. The strength of ZAR can be seen in its performance against other major currencies; while the GBP/ZAR exchange rate has fallen -0.6% to 16.1543, the USD/ZAR exchange rate has fallen -1% and the EUR/ZAR pairing has dropped...

After a volatile week of trading the Pound South African Rand (GBP ZAR) exchange rate surged higher on Friday, spurred on by disappointing South African manufacturing data. As the ABSA manufacturing PMI slumped further than forecast in December, plunging from 48.6 to 44.9, this undermined confidence in the domestic outlook. With the...