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Pound to Rand Rate: GBP/ZAR Falls Ahead of SARB Decision

Pound to Rand Rate: GBP Slips but ZAR Outlook Weak Say Analysts

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 today’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 knock GBP/ZAR to its worst levels since the beginning of the year. GBP/ZAR opened the week at the l...

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...

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 Pound’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 markets head for more risk-on movement. Last week saw a strong rebound in the South African Rand. GBP...