March 9, 2021 - Written by David Woodsmith Despite the Pound’s continued broad appeal, the British Pound to South African Rand (GBP/ZAR) exchange rate slipped back from its best levels in months today amid a rebound in demand for the South African Rand. Strength in the Rand may be limited, but if South African data continues to impress investors, then the pair is likely to struggle to return to multi month highs again. GBP/ZAR has been trending with a generally upside bias in recent weeks, sustaining pretty solid gains due to the Pound’s broad strength. Last week saw GBP/ZAR climb from the level of 21.05 to 21.25, and the pair is again trending with an upside bias this week.