Currency News

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.

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GBP to ZAR Exchange Rate Hits Six-Month-High as Emerging Market Selloff Continues

15 Jun 2018 at 2 PM - Written by Toni Johnson

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)...

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GBP to ZAR Exchange Rate Falls from Weekly Best as Rand Recovers

30 May 2018 at 3 PM - Written by Tim Boyer

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...

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The Sterling-Rand Rate Climbs on Brexit Hopes and Market Risk-Aversion

18 May 2018 at 1 PM - Written by Minesh Chaudhari

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...

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Pound South African Rand Exchange Rate Continues Bullish Run in Spite of Rising SA Consumer Confidence

25 Apr 2018 at 12 PM - Written by Ben Hughes

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...

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GBP/ZAR Exchange Rate Stable as Bank of England (BoE) Tipped for May Interest Rate Hike

22 Mar 2018 at 4 PM - Written by Toni Johnson

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%,...

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Recent South African Budget Speech Continues to Boost GBP/ZAR Exchange Rate

23 Feb 2018 at 3 PM - Written by Toni Johnson

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...

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GBP ZAR Exchange Rate Surges Higher on Seventh Month of South African Manufacturing Sector Contraction

12 Jan 2018 at 12 PM - Written by Frank Davies

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...

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GBP to ZAR Exchange Rate Tumbles After Volatile Week

17 Nov 2017 at 5 PM - Written by Ben Hughes

Solid UK retail sales data and anticipation for Brexit developments couldn’t help the British Pound to South African Rand exchange rate to hold its ground on Friday. Weakness in the US Dollar (USD) led emerging market currencies like the Rand to strengthen. The pair saw volatile trade for most of the week. GBP/ZAR began the week at the...

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GBP/ZAR Exchange Rate Rises as May Talks Up Brexit Success

6 Nov 2017 at 1 PM - Written by Toni Johnson

Last week, the Pound to Rand exchange rate rose from an opening rate of 18.5585 to close higher at 18.5986 on Friday. This wasn’t the best rate of the week, however, as the pairing hit a high of 18.8188 just before a Bank of England (BoE) policy announcement. GBP Trades Higher after PM Reassures on Brexit Preparedness The minor...

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Higher UK Inflation Sparks UK Wage Squeeze Fears, Triggering GBP/ZAR Slide

17 Oct 2017 at 4 PM - Written by Frank Davies

On Monday, the Pound saw a slight appreciation against the South African Rand. GBP opened trading around 17.6522, later ending daily trading in the region of 17.6634. This advance was triggered by optimism about the UK’s position in Brexit talks, although this positivity has since faded to a large extent. Pound to Rand Rate Advances...

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