The GBP/USD exchange rate dropped sharply as the US Dollar Index (DXY) staged a strong comeback after the recent Federal Reserve news. If dropped to a low of 1.3688, down sharply from the year-to-date high of 1.3876.
The USD/ZAR is around the 16.29000 level in early trading this morning which has seen a continuation of the Forex volatility experienced last week, traders face difficult short-term decisions.