Today's GBP to TZS Price Update

Rugman_Walking · 2026-02-09T01:00:33+00:00

This report details the current exchange rate for GBP/TZS, highlighting market dynamics, technical analysis, and future trading projections, guiding traders in decision-making.

Rugman_Walking

2026-02-09 01:00:33

Abstract generation in progress

Summary

This report provides the real-time exchange rate between the British Pound (GBP) and Tanzanian Shilling (TZS), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The British Pound (GBP) is one of the world’s major fiat currencies, while the Tanzanian Shilling (TZS) represents the currency of East Africa’s significant economy. The exchange rate between them reflects market perception of currency strength and investor confidence in both the UK and Tanzanian economies.

Today’s Price

1 GBP = 3,496.1 TZS
24h High: 3,481.28 TZS
24h Low: 3,478.26 TZS

Market Analysis

Recently, GBP/TZS has been influenced by trade balance dynamics between the UK and Tanzania, with the pair showing mixed signals in the short term.

Technical levels: The 14-day Relative Strength Index (RSI) stands at 74.530, suggesting overbought conditions
Price targets: Analysts project a potential rise of 6.66% in March, with a 14-day rate target of 3,519.364 TZS
Trading outlook: Current positioning suggests a hold strategy, despite some positive technical signals

Conclusion

Continue to monitor the GBP/TZS pair closely as it approaches potential resistance levels. Traders should remain vigilant for confirmation signals before initiating new positions, while keeping an eye on upcoming economic data from both the UK and Tanzania that may influence currency demand and trade flows.

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