GBP/ZAR Outlook: Pound to Rand Exchange Rate Struggles to Advance as Rand Rebounding
January 13, 2021 - Written by Ben Hughes Despite the Pound rebounding as negative interest rate bets fade, the British Pound to South African Rand (GBP/ZAR) exchange rate is struggling for direction this week. The Pound is unable to sustain much further gains against the South African Rand, as the Rand rebounds from weeks of huge losses. Still, if the Rand rebound runs out of steam there may be more gains ahead for the pair. Following last week’s jump from the level of 20.11 to 20.75, GBP/ZAR has continued to trend with an upside bias this week. Yesterday, GBP/ZAR touched on a high of 21....
Source: currencynews.co.uk