Thursday, January 16, 2020

GBP to ZAR Exchange Rate Climbs on Poor South African Data Ahead of South African Reserve Bank

Despite rising Bank of England (BoE) interest rate cut bets and higher market demand for currencies correlated to trade and risk, the British Pound to South African Rand (GBP/ZAR) exchange rate has recovered to above the week’s opening levels today. The Pound is steadying ahead of tomorrow’s key UK retail sales report, while the South...

* This article was originally published here

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