GBPZAR was flat on the day as the market awaits the SARB central bank meeting. The pound has seen a two-day bounce against the Rand and this was helped by lower retail sales from South Africa yesterday.
GBPZAR
Pound to Rand Rate Gets Reprieve; Run to 19.6 Still On the Cards
Today provided an opportunity to test a combination of an emerging market currency and a major currency. The Pound to Rand exchange was higher today, despite an improvement in the South African manufacturing production index. This data piece saw the index come in at -2.6%, which was better than expected […]
GBPZAR: 2 Reasons Why South African Rand Fell 1.4% Today
The pound to rand ( GBPZAR ) is up by more than 1% as the market reacts to the better-than-expected employment numbers from the UK. The South African rand has also dropped by 0.80% against the US dollar and by 0.90% against the euro. In a report earlier today, the […]
Pound to Rand Rate: Still Marching Towards 20.33 Despite BoE Action
GBPZAR: Here’s Why the Pound to Rand Price Has Sparked Higher Today
The pound to rand (GBPZAR) pair is up by 0.40% as investors remain optimistic about Brexit negotiations agreement. The pair is up trading at 21.5786, which is higher than this week’s low of 21.2460. Similarly, the USDZAR and EURZAR are up by 0.97% and 0.72%, respectively. The South African rand […]
Pound to Rand Rates Slump After Disappointing GDP and Manufacturing Data
The British Pound remained under bearish pressure this Friday after the release of disappointing GDP and manufacturing data. GDP m/m only grew by 2.1%, which was a gross underperformance compared to the previous figure of 6.4% (a downward revision), and also lower than the market consensus of 4.6%. On the […]
UK-Norway Fisheries Deal Boosts Pound to Rand Rates
GBPZAR Tried to Find Support After South African Rates Stay on Hold
The GBPZAR was lower on the week once more despite gloomier forecasts for the South African economy.
GBPZAR: Here’s Why Pound to Rand is Rising Ahead of SARB Meeting
The GBPZAR pair is rising ahead of the important South Africa Reserve Bank meeting that will happen tomorrow and the BOE that will start on Wednesday.
GBPZAR: Pound to Rand Still in Consolidation But Path to 21 Likely
The pound to rand (GBPZAR) pair is little changed today as traders react to strong house price index data from the United Kingdom. The pair is trading at 22.3375, which is slightly higher than the intraday low of 22.2050. On the other hand, the USDZAR pair is up by 0.45% […]