CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please refer to our Risk Disclosure Statement
The base currency – GBP. The counter currency – ZAR. The GBP to ZAR chart is the British pound to the South African rand currency pair. It reflects how much the GBP is worth when measured against the ZAR. The GBP/ZAR is an exotic currency pair that is not traded as often as the majors, however still enjoys popularity among traders. Representing the largest global financial centre, the British pound is appreciated as one of the premier reserve currencies. South Africa is a middle-income emerging market and the largest global producer of gold, platinum and chromium. ZAR has relatively high interest rate, which makes it a popular trading currency. Follow the GBP to ZAR rates and explore this noteworthy trade vehicle.
Bank of England (BoE) cut rates for the first time in August 2024, with further easing expected in the coming months. But how low are rates likely to go?
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