The GBPZAR was lower on the week once more despite gloomier forecasts for the South African economy.
GBPZAR
GBPZAR: Here’s Why Pound to Rand is Rising Ahead of SARB Meeting
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%...
GBPZAR Could Have Further to Fall on a Widening Interest Rate Gap
The Pound to Rand exchange rate is 1.2% lower today as the market attempts to take out support at the 22.00 level. The Rand saw buyers emerge after a registering higher-than-expected inflation figures on Tuesday. The market was looking for a 3.1% number after last month’s 2.2% and the figure […]
Pound to Rand Rate Slides As SA Business Conditions, Retails Sales Recover
The Pound to Rand exchange rate is on the short end of the market, with price action on the GBPZAR dropping for the 2nd day in a row, as the South African Business Confidence index shows a recovery in data presented this morning. South African Business Confidence rose from 77.8 […]
GBPZAR: Pound to Rand Pulls Back But Bullish Trend Remains
The pound to rand (GBPZAR) pair is down by 0.52% as investors returned to the South African rand. The USDZAR pair is down by more than 0.72% while the EURZAR pair is down by 0.25%. The decline today is the first time the currency has declined in ten days. The...
BoE Sends GBPZAR At Three Month Highs
Pound to Rand Rate Rises As SARB Cuts Interest Rates By 25 Bps
GBPZAR: Pound to rand slides ahead of another SARB interest rate cut
The pound to rand (GBPZAR) pair is down by about 0.60% ahead of the South Africa Reserve Bank (SARB) interest rate decision tomorrow. The pair is trading at 20.8235, which is lower tan this week’s high of 21.1472. The South African rand has also gained by 0.25% against the US […]
GBPZAR: Key levels to watch as pound to rand remains in consolidation
The pound to rand (GBPZAR) pair is up by more than 50 basis points as traders continue to worry about the surging number of coronavirus cases in South Africa. The pair is trading at 21.2975 at 07:00 GMT. This price is slightly above the day’s low of 21.2218. South Africa […]
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