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 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 touche...
Source: currencynews.co.uk