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Daily Exchange Rate Forecasts & Currency News

Pound Rand forecast - GBP ZAR

A round up of the latest Pound Rand forecast news items from the Currency News desk.

LIVE EXCHANGE RATE 04:39:42 Pound Rand Rate »
GBP/ZAR +0.1 Days Low Days High Last Daily
22.93090620355 +0.43% 22.7728633004 22.95894915 22.83381572

Slowing Coronavirus Deaths Sends the Pound South African Rand (GBP/ZAR) Exchange Rate Lower

6 Apr 2020 at 3 PM - Written by John Cameron

Pound Sterling South African Rand (GBP/ZAR) Exchange Rate Falls as Risk Appetite Rises The Pound Sterling South African Rand (GBP/ZAR) exchange rate slumped by around -0.9% on Monday afternoon, trading at around R23.0433. The Pound was able to rebound against a handful of currencies on Monday after suffering some losses overnight...

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Pound South African Rand (GBP/ZAR) Exchange Rate Rises as Rand Receives Moody’s Downgrade

30 Mar 2020 at 12 PM - Written by John Cameron

GBP/ZAR Exchange Rate Edges Higher as Risk-Off Markets Weaken Rand The Pound South African Rand (GBP/ZAR) exchange rate rose by 0.7% today after the credit ratings firm Moody’s downgraded the South African currency to ‘junk’ status. The pairing is currently trading around R22.075. Bianca Botes, a treasury partner at Peregrine...

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GBP to ZAR Exchange Rate Continues Advances despite UK PM Boris Johnson Contracting Coronavirus

27 Mar 2020 at 12 PM - Written by Toni Johnson

Investors continued to buy the British Pound to South African Rand (GBP/ZAR) exchange rate through the end of the week. The Pound continued to benefit from the market’s slightly stronger demand for riskier assets, but the Rand failed to capitalise at all. This is due to signs that South Africa is struggling with the coronavirus outbreak,...

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GBP to ZAR Exchange Rate Jittery as Both Currencies Hit by Coronavirus Concern

17 Mar 2020 at 1 PM - Written by Ben Hughes

Broad weakness in the South African Rand yesterday made it easier for the British Pound to South African Rand (GBP/ZAR) exchange rate to rise. However, movement has been more mixed today, with both currencies being hit by worsening concerns over the coronavirus pandemic in Britain and South Africa. Market anticipation for further developments...

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GBP to ZAR Exchange Rate Avoids Sharp Losses as Rand’s Bearish Run Continues

2 Mar 2020 at 3 PM - Written by Tim Boyer

Investors sold the Pound en masse when markets opened today, but despite this the British Pound to South African Rand (GBP/ZAR) exchange rate has been able to avoid significant losses as the South African Rand continues to see broad weakness of its own. Pound investors are becoming more concerned about rising Bank of England’s (BoE)...

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GBP to ZAR Exchange Rate Kept Volatile by Coronavirus Jitters

20 Feb 2020 at 3 PM - Written by Ben Hughes

While the Pound continued to tumble against many major currencies today, the British Pound to South African Rand (GBP/ZAR) exchange rate has been able to avoid significant losses. The South African Rand remains broadly unappealing overall due to concerns about South Africa’s economic outlook, even as the currency finds support in some...

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Pound South African Rand (GBP/ZAR) Exchange Rate Rises despite Lowest Number of New Covid-19 Cases

12 Feb 2020 at 1 PM - Written by John Cameron

Pound Sterling South African Rand (GBP/ZAR) Exchange Rate Edges Higher on Weak ZA Data The Pound Sterling South African Rand (GBP/ZAR) exchange rate edged higher this morning. This left the pairing trading at around R19.2088. The Rand struggled against Sterling, despite the upswing in risk appetite after China reported the lowest number...

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GBP to ZAR Exchange Rate Climbs on Poor South African Data Ahead of South African Reserve Bank

16 Jan 2020 at 11 AM - Written by Tim Boyer

Despite rising Bank of England (BoE) interest rate cut bets and higher market demand for currencies correlated to trade and risk, the British Pound to South African Rand (GBP/ZAR) exchange rate has recovered to above the week’s opening levels today. The Pound is steadying ahead of tomorrow’s key UK retail sales report, while the South...

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GBP to ZAR Exchange Rate Struggles to Hold Gains as Risk Sentiment Returns

8 Jan 2020 at 3 PM - Written by Tim Boyer

Despite UK data being generally supportive and South African data being weak, the British Pound to South African Rand (GBP/ZAR) exchange rate has fallen back from weekly highs today and is struggling to continue trending with an upside bias. The Pound is seeing mixed demand as uncertainty worsens over the Brexit transition period, while the...

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Pound South African Rand (GBP/ZAR) Exchange Rate Slumps as UK Data Lacks ‘Festive Cheer’

16 Dec 2019 at 4 PM - Written by John Cameron

Pound Sterling South African Rand (GBP/ZAR) Exchange Rate Slips as Investors Fear BoE Cut The Pound Sterling South African Rand (GBP/ZAR) exchange rate slumped, leaving the pairing trading at around R19.2154. Sterling edged higher against a handful of currencies on Monday, boosted by last week’s general election results. Following...

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