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%...
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 […]
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 […]
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...
GBPZAR jumps to three-month highs after the BoE sends a bullish sign for British pound traders. Positive sentiment builds around pound after the BoE statement.
The Pound to Rand could appreciate after the SARB cut rates by 25bps today. Sign up to find out more.
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 […]
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 […]