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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...

February 26, 2021 - Written by Tim Boyer The Pound’s strong streak may have come to an end for now as investors took profit from the British currency’s bullish February, and the British Pound to Swiss Franc (GBP/CHF) exchange rate has been tumbling from its best levels on new demand for the Swiss Franc as well. The Swiss Franc is a safe haven currency which is often appealing in times of global market uncertainty, so it is benefitting from this week’s bonds rout. After opening this week at the level of 1.2561, GBP/CHF spent most of the week trending with an upside bias. In the middle o...

February 9, 2021 - Written by Tim Boyer Despite new fiscal stimulus packages being announced for Japan, the safe haven Japanese Yen continues to climb today and the British Pound to Japanese Yen (GBP/JPY) exchange rate is tumbling. Investors are selling the Pound amid fresh uncertainties over Britain’s coronavirus and Brexit outlooks, and the Yen is benefitting largely from weakness in major rivals like the US Dollar. After opening last week at the level of 143.50, GBP/JPY slipped lower before surging higher in the second half of the week on Bank of England (BoE) developments. GBP/JPY ulti...

February 1, 2021 - Written by Tim Boyer Optimism over Britain’s coronavirus vaccine outlook has helped the British Pound to Canadian Dollar (GBP/CAD) exchange rate to advance lately. While the pair was unable to hold last week’s best levels, it is once again edging higher this morning as investors continue to find the Pound appealing. However, the Pound may run out of steam soon unless there is an upside surprise in Britain’s outlook. It’s been a busy couple of weeks for GBP/CAD, as the pair touched on impressive highs last week. GBP/CAD opened last week at the level of 1.7430 and sp...

January 15, 2021 - Written by Tim Boyer While Britain’s outlook has improved over the past week, the British Pound to Japanese Yen (GBP/JPY) exchange rate is sliding today. Investors are hesitant to keep buying the Pound as focus on the possibility of Britain seeing a ‘double-dip recession’ rises. Meanwhile, the Japanese Yen is gaining a little on market risk-aversion, but Japan’s coronavirus and economic outlooks continue to keep pressure on the Yen overall. Since opening this week at the level of 141.03, GBP/JPY has been trending higher as the Pound benefitted from Bank of England ...