ZAR

GBPZAR: pound to rand rate whipsaws near 5-year high as PMIs disappoint

The pound to rand (GBPZAR) pair is struggling to find direction close to its all-time level of 25.8365 as the market digests news from the UK and South Africa. The most important news is that South Africa has started to reopen its economy while the lockdown in the UK seems to be continuing.

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