Live Breaking News & Updates on Exchange Rates Struggle To

February 12, 2021 - Written by Toni Johnson
Despite today’s UK growth rate report beating forecasts, Britain’s economic data remained broadly concerning and the British Pound to South African Rand (GBP/ZAR) exchange rate remains under pressure as a result. The South African Rand looks like it could sustain much of the impressive gains it saw over the past week, as markets digest the latest State of the Nation Address from South Africa President Cyril Ramaphosa.
After opening this week at the level of 20.38, GBP/ZAR briefly attempted to rise, but its bullish movement was short-lived despite the Pound’s generally broad appeal. ....

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