The GBP/ZAR pair continued to decline as the South African rand found more buyers. The pair declined by more than 1% while the USD/ZAR declined by 90 basis points.
The pound to rand (GBPZAR) pair is inching nearer to its all-time high following the disappointing retail sales data from the UK and South African reopening.
The pound to rand exchange rate was little changed today as traders reflected on the South African stimulus package that was announced on Tuesday, UK manufacturing and services PMI, and an upcoming speech by Ramaphosa.
The pound to rand (GBPZAR) pair dropped slightly as investors reacted to news of a new stimulus package from South...
The pound to rand (GBPZAR) pair rallied as more problems started to emerge in the South African economy. Over the weekend, the number of coronavirus infections rose to more than 3,000. Deaths rose to more than 50 people.
The pound to rand pair was little changed today as investors battled about divergent news from the UK and South...
The Pound to Rand exchange rate has shot up this Tuesday after the South African Reserve Bank (SARB) delivered an...
The pound to rand pair was little changed today as the market reflected on the situation in the UK and...
The pound to rand pair rose today as the market received weak PMI data from the UK and South Africa....
The Pound to Rand exchange rate has come under focus after Moody’s credit rating downgrade of South Africa has left...