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.
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 […]
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 […]
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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 […]
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 […]
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The GBPZAR was lower on the week once more despite gloomier forecasts for the South African economy.
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.
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% […]