Key Data Could Help Pair News Today : Breaking News, Live Updates & Top Stories | Vimarsana

April 9, 2021 - Written by Tim Boyer
Despite concerns about weakness in South Africa’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 20.27, GBP/ZAR has trended with a largely downside bias. Towards the end of the week, GBP/ZAR touched on a low of 19.90. This was the worst level for the pair since the end of 2020 and the worst point for GBP/ZAR this year so far. ....

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