Pound Rand forecast page 2 - GBP ZAR

GBP/NZD Exchange Rate Rangebound as UK-EU Relations Sour The Pound South African Rand (GBP/ZAR) exchange rate held steady today as concerns over souring UK-EU relations have weighed on confidence in the UK economy. The pairing is currently fluctuating around R20.63. Marios Hadjikyriacos of XM explains: ‘Sterling is on the retreat...

Despite broad optimism that Britain’s economy will gain momentum, the British Pound to South African Rand (GBP/ZAR) exchange rate has been tumbling from its best levels this week. As the South African Rand is bolstered by global sentiment it continues to climb strongly today, and markets now await tomorrows slew of UK data and South African...

Despite the Pound’s continued broad appeal, the British Pound to South African Rand (GBP/ZAR) exchange rate slipped back from its best levels in months today amid a rebound in demand for the South African Rand. Strength in the Rand may be limited, but if South African data continues to impress investors, then the pair is likely to struggle...

Despite continued strong demand for the Pound, the British Pound to South African Rand (GBP/ZAR) exchange rate is struggling to hold its advance attempts. This is because the risky emerging market correlated South African Rand continues to benefit from global risk demand, though its appeal has been dented slightly by market anticipation for...

Despite today’s UK growth rate report beating forecasts, Britain’s economic data remained broadly concerning and the British Pound to South African Rand (GBP/ZAR) exchange rate remains under pressure as a result. The South African Rand looks like it could sustain much of the impressive gains it saw over the past week, as markets digest...

Despite broad demand for the Pound in recent weeks, the British Pound to South African Rand (GBP/ZAR) exchange rate has been tumbling. Investors are buying the South African Rand on market sentiment even more than the Pound, despite South Africa’s own mixed coronavirus pandemic outlook. Investors have been more willing to take risks on...

GBP/ZAR Exchange Rate Sinks as Risk-On Markets Boost Appetite for South African Rand The Pound to South African Rand exchange rate fell by -0.5% today, with the pairing currently fluctuating around R20.61. The South African Rand benefited from risk-on market mood today after silver prices hit an eight-year high. Analysts at Bloomberg...

Demand for both the Pound and South African Rand continues to leave the British Pound to South African Rand (GBP/ZAR) exchange rate’s movements volatile. The Pound is attempting to benefit from weakness in rival currencies, but the market’s mood continues to slightly benefit the South African Rand as well. Overall, uncertainty remains a...

Despite mixed demand for the Pound this week, the British Pound to South African Rand (GBP/ZAR) exchange rate has been able to sustain gains due to weakness in the Rand. Investors are a little more hesitant to take risks this week, and this combined with South Africa’s concerning coronavirus situation is leading to Rand losses. Since...

Pound South African Rand Exchange Rate Rallies as SA Retail Sales Tumble As South African retail sales contracted further than forecast in November this helped to boost the Pound Sterling to South African Rand (GBP/ZAR) exchange rate. A -4% drop in sales on the year suggests that confidence among consumers remained limited during the...