Strong day for the pound against the NZD and ZAR
Sterling has had a strong day against a basket of major currencies with notable moves having been seen against the Euro (EUR) with the pound up 0.8% against the single currency. Strong moves have also been seen against the New Zealand Dollar (NZD) with sterling up 0.85% on the day and now just two cents from a four month high.
Historically one of the most volatile currencies in the market is the South African Rand (ZAR) and again the pound has seen some success against the ZAR today. We have seen a range today from high/low of 17.86 to 18.01 a difference of over 1% – something very common for this pairing. The Rand is possibly the most difficult currency to forecast with political events within South Africa often dominating trends. To get more insight into our thoughts and the various services we can provide to assist you with your currency requirements please click here
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