Category: ZAR

GBP/ZAR Falls on Ramaphosa’s Investment Bid and UK Wages, CHF Approaches 1.20
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GBP/ZAR Falls on Ramaphosa’s Investment Bid and UK Wages, CHF Approaches 1.20

Sterling’s luck seemed to run out as Tuesday’s European session continued, with the Pound falling against a host of other majors, including the South African Rand (GBP/ZAR). The British currency still managed to maintain some gains against the Swiss Franc (GBP/CHF).  The emerging market Rand has come under pressure of late, conceding ground to currencies such...

Pound Euro, Pound US Dollar, and Pound Rand Exchange Rates Fall
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Pound Euro, Pound US Dollar, and Pound Rand Exchange Rates Fall

The Pound exchange rate had a bad start to Tuesday when it retraced some of its gains against the euro (GBP/EUR), US Dollar (GBP/USD), and South African Rand (GBP/ZAR). Monday’s trading had seen the British currency climb against the US Dollar and Euro as Sterling strength swept across the board on hopes for a soft...

Exchange Rate Forecast: GBP/AUD, GBP/EUR, GBP/USD, GBP/ZAR, GBP/TRY, GBP/INR
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Exchange Rate Forecast: GBP/AUD, GBP/EUR, GBP/USD, GBP/ZAR, GBP/TRY, GBP/INR

While the economic calendar may be lighter over the festive period, there are still a number of data releases that could impact the currency market and the Pound (GBP), Euro (EUR), US Dollar (USD), Turkish Lira (TRY), Australian Dollar (AUD), South African Rand (ZAR) and Indian Rupee (INR) exchange rates. Tuesday 26th December Boxing Day...

Pound Sterling (GBP) Jumps on UK Growth Estimates; Barnier Comments on Brexit
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Pound Sterling (GBP) Jumps on UK Growth Estimates; Barnier Comments on Brexit

The Pound exchange rate climbed on Friday after the UK’s growth estimate for the three months through October was upgraded from 0.4% to 0.5%, according to the National Institute of Economic and Social Research (NIESR). NIESR Head of UK Macroeconomic Forecasting Amit Kara, commented: ‘Although economic growth is likely to be stronger in the second...

Pound to Euro (GBP/EUR) Drops as Brexit Hits Car Industry, ZAR Reaches 10-Month Low
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Pound to Euro (GBP/EUR) Drops as Brexit Hits Car Industry, ZAR Reaches 10-Month Low

The Pound to Euro (GBP/EUR) exchange rate fell in Thursday’s European session as Brexit fears created problems for the car industry. Car manufacturers suffered a blow in September with output shrinking by -4.1%. Domestic demand also dropped sharply by 14.2%, and there was also a 1.1% decline in production destined for exportation. On the year,...

GBP/NZD, GBP/JPY, GBP/ZAR Advance on SA Cabinet Reshuffle, Dairy Prices, and UK Labour Data
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GBP/NZD, GBP/JPY, GBP/ZAR Advance on SA Cabinet Reshuffle, Dairy Prices, and UK Labour Data

The Pound advanced against the New Zealand Dollar (GBP/NZD), Japanese Yen (GBP/JPY) and South African Rand (GBP/ZAR) on Wednesday after UK labour market data was published. The UK Unemployment Rate maintained its 42-year low at 4.3% in the three months through August, but average weekly earnings were lacklustre once again, at 2.2%. Employment Change also...