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March 11, 2021 - Written by Ben Hughes Despite broad optimism that Britain’s economy will gain momentum, the British Pound to South African Rand (GBP/ZAR) exchange rate has been tumbling from its best levels this week. As the South African Rand is bolstered by global sentiment it continues to climb strongly today, and markets now await tomorrows slew of UK data and South African business confidence stats which could still cause a late-week shift in movement. Last week saw GBP/ZAR open the week at the level of 21.05 and dip, before ultimately advancing and closing the week higher in the reg...

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 t...

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 despi...

January 28, 2021 - Written by James Fuller Demand for both the Pound and South African Rand continues to leave the British Pound to South African Rand (GBP/ZAR) exchange rate’s movements volatile. The Pound is attempting to benefit from weakness in rival currencies, but the market’s mood continues to slightly benefit the South African Rand as well. Overall, uncertainty remains a key factor in the pair, and coronavirus developments will continue to dominate the direction of movement. Since opening this week at the level of 20.71, GBP/ZAR has been trending with an upside bias. While the pa...

January 18, 2021 - Written by John Cameron Coronavirus concerns continue to dampen the British Pound to South African Rand (GBP/ZAR) exchange rate’s appeal this week, but Brexit jitters have returned to weigh on the Pound as well. Still, the South African Rand’s ability to capitalise on Pound weakness has been limited as well, as market risk-aversion on global coronavirus and political jitters are weighing on the risky emerging market-correlated Rand. High volatility in both the Pound and South African Rand led to broadly mixed GBP/ZAR movement last week. After opening last week at the l...