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GBP/ZAR Forecast: Pound to South African Rand Exchange Rate Struggles to Advance despite Weaker Market Sentiment

April 13, 2021 - Written by James Fuller Despite a lack of particularly strong South African data lately, the British Pound to South African Rand (GBP/ZAR) exchange rate has been struggling to recover from its worst levels since last week. Sterling remains broadly appealing, but was only able to advance more easily after todayโ€™s US data weakened market sentiment and made the South African Rand less appealing. Last week saw broad losses for the Pound, and the South African Rand capitalised to...
South Africa United Kingdom The Rand South African James Fuller Andy Haldane

GBP/ZAR Forecast: Pound to South African Rand Exchange Rate Near 2021 Worst as Rand Rally Continues

April 9, 2021 - Written by Tim Boyer Despite concerns about weakness in South Africaโ€™s economy, the British Pound to South African Rand (GBP/ZAR) exchange rate continues to trend lower and lower as the Rand capitalises on the latest market moods. Sterling has been sold on profit-taking and fresh coronavirus vaccine concerns all week, and higher demand for risk and emerging market correlated currencies has kept the Rand broadly appealing in comparison. Since opening this week at the level of ...
South Africa United Kingdom South African Tim Boyer Marshall Gittler Bianca Botes

GBP/ZAR Forecast: Pound to South African Rand Exchange Rate Kept Under Pressure by Fed Expectations

March 17, 2021 - Written by David Woodsmith Since opening this week, the British Pound to South African Rand (GBP/ZAR) exchange rate has been trending with a downside bias. The South African Rand is attempting to sustain its recent gains as markets await central bank news, while the Poundโ€™s recent rally has run out of steam for now. The pair has the potential to climb in the coming days if central bank news surprises investors, but otherwise the South African Rand could remain appealing if ma...
South Africa United Kingdom Northern Ireland South African David Woodsmith International Money

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