Pound Rand forecast page 5 - GBP ZAR

Despite a lack of strong South African data lately, the South African Rand has been one of the best performing major currencies in recent weeks and the British Pound to South African Rand (GBP/ZAR) exchange rate has been trending lower. Sterling has been attempting to rebound on Brexit hopes, but the pair’s movement has been dominated by...

GBP/ZAR Exchange Rate Rangebound as Covid-19 Vaccine Hopes Buoy Rand The Pound to South African Rand (GBP/ZAR) exchange rate held steady today, with the pairing currently fluctuating around R21.208. The South African Rand (ZAR) failed to rise against Sterling today following a worse-than-expected South African Retail Sales report for...

Improved Manufacturing Production Not Enough to Dent Pound South African Rand Exchange Rate Stronger-than-expected South African manufacturing production figures were not enough to keep the Pound Sterling to South African Rand (GBP/ZAR) exchange rate from pushing higher on Thursday. While monthly production saw another solid uptick on...

GBP/ZAR Exchange Rate Rangebound as Analysts Expect ‘Very Big’ Contraction for South African Economy The Pound to South African Rand (GBP/ZAR) exchange rate held steady today, with the pairing currently trading around R22.022. The South African Rand (ZAR) suffered today following reports that the South African economy could have...

After falling back from its best levels yesterday, the British Pound to South African Rand (GBP/ZAR) exchange rate is once again rebounding today. Markets have little reason to keep buying the Pound, but it has been able to gain against risk-correlated rivals as investors adjust positions on riskier assets in recent sessions. The South...

Despite some stronger than expected UK data today, the British Pound to South African Rand (GBP/ZAR) exchange rate has spent most of the day slumping. Investors are returning to the South African Rand despite mixed market risk-sentiment, due to hopes that South Africa is reopening from its strict lockdown measures. Investors are also hesitant...

After another advance attempt at the beginning of the week, the British Pound to South African Rand (GBP/ZAR) exchange rate slipped back today. Investors were hesitant to keep buying the pair higher amid a lack of strong support for the Pound outlook, but the South African Rand remained overall unappealing due to global concerns about the...

While market demand for the Pound has softened so far this week, the British Pound to South African Rand (GBP/ZAR) exchange rate continues to climb. Investors are selling the risk and emerging market correlated South African Rand as global coronavirus ‘second wave’ fears intensify and more major economies are showing signs of being hit...

While a dovish Federal Reserve would normally lead to higher demand for currencies correlated with risk, the British Pound to South African Rand (GBP/ZAR) exchange rate has jumped even higher today after spending much of this week holding its ground and edging up. The Pound outlook remains filled with uncertainties, but the risky emerging...

Despite broad weakness in the Pound outlook, the British Pound to South African Rand (GBP/ZAR) exchange rate has rebounded today. As markets digest news that the South African Reserve Bank (SARB) cut South Africa’s interest rates to its lowest levels on record, the South African Rand came under fresh pressure. The latest UK data has done...