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Surprise Rate Cut Buoys Pound South African Rand (GBP/ZAR) Exchange Rate

The Pound Sterling South African Rand (GBP/ZAR) exchange rate rallied by 0.8% this afternoon, leaving the pairing trading at around R23.2864. The South African Rand suffered steep losses against the Pound today after a surprise rate cut from the country’s central bank. The South African Reserve Bank (SARB) slashed interest rates by 100 basis points […]