Pound Rand forecast page 8 - GBP ZAR

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...

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...

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,...

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...

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)...

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...

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...

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...

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...

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...