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TorFX market updates provide analysis of various exchange rates in order to keep our clients up-to-date with the latest currency news.

By keeping our clients informed, we can enable them to take full advantage of the foreign exchange rate trends, helping them to achieve the maximun return when they decide to trade their chosen currency.

Commodities Boom Keeps AUD USD Exchange Rate Buoyant

Posted by on October 26th, 2016.

The Australian Dollar has kept to its winning streak against the US Dollar so far this week, despite the handicap of not having much domestic data to rely on. The US Dollar has continued to fluctuate overall, though future advances could well be in store given the current odds assigned to a December Fed interest [...] Read more

Pound Recovers after Sinking to Three-Year Low against Indian Rupee

Posted by on October 26th, 2016.

The Pound to Indian Rupee exchange rate fell to a fresh three-year low on Tuesday as investors reacted to the possibility that the UK economy could be line for further financial stimulus. The pairing dropped to 80.82 at one point before stabilising at around 81.60 on Wednesday morning. Investors fled from the Pound on Tuesday [...] Read more

GBP/NOK Edges Higher as Oil Prices Sink

Posted by on October 26th, 2016.

The Pound to Norwegian Krone exchange rate advanced last week and could be on track to see another week of gains thanks to a continued slip in oil prices, despite Tuesday’s Pound selloff. At the time of writing, GBP/NOK was trending just above the week’s opening levels of 10.09 after recovering from Tuesday’s drop. Pound [...] Read more

Pound Under Pressure Ahead of Third Quarter UK GDP

Posted by on October 26th, 2016.

UK retail sales disappointed in September, suggesting that consumer demand has begun to weaken even before higher inflation feeds through into the wider economy. Coupled with a sharp increase in new government debt, this news encouraged Pound losses. Further Pound Sterling volatility is expected in response to the third quarter UK GDP report, the first [...] Read more

Sterling Slides Again

Posted by on October 26th, 2016.

The Pound plummeted across the board yesterday as comments from UK Chancellor Phillip Hammond provided traders with ammunition for another devastating bout of Sterling selling. Hammond noted that the government has never refused a Bank of England request for quantitative easing in the past and suggested that there was no reason why circumstances would be [...] Read more

GBP ZAR Exchange Rate Slumps Ahead of UK GDP Data

Posted by on October 25th, 2016.

Investors were not encouraged to see that the South African inflation rate had risen from 5.9% to 6.1% on the year in September. This frustrated the South African Reserve Bank’s (SARB) attempts to curb inflationary pressure, suggesting that a further interest rate hike could be on the way. With tighter monetary policy failing to get [...] Read more

GBP/CAD Flat after BOC’s Poloz Speech Confuses Markets

Posted by on October 25th, 2016.

The Pound to Canadian Dollar exchange rate experienced brief, but fairly dramatic, fluctuations during Monday’s trade session as comments from the Governor of the Bank of Canada (BOC) confused markets. However, GBP CAD swiftly returned to the week’s opening levels as Brexit concerns and falling oil prices kept both currencies depressed. Although the Pound has [...] Read more

Single Currency Slightly Stronger On Sturdy Eurozone PMI

Posted by on October 25th, 2016.

The Pound traded without any fresh directional bias yesterday. The latest report from the Confederation of British Industry showed the largest slide in total orders since February, with the index plunging from -5 to -17 in September. However, currency traders were largely unmoved by the figures because political developments have come to represent the biggest [...] Read more

Softer ‘Brexit’ Tone Supports GBP/USD

Posted by on October 24th, 2016.

Sterling strengthened by around half a cent against the US Dollar last week as hopes of a mutually beneficial ‘Brexit’ trade deal increased slightly. ‘Cable’ jumped higher by around 150 pips last Tuesday in response to news that British MPs would have the chance to vote on the government’s eventual ‘Brexit’ trade deal. A High [...] Read more

GBP/EUR Hit A Two-Week High

Posted by on October 24th, 2016.

The Pound rallied by around a cent versus the Euro to strike a two-week high last week as government officials appeared to ever-so-slightly soften their approach to Britain’s post-‘Brexit’ trade arrangement with the European Union. Sterling strengthened by around 120 pips last Tuesday in response to a statement from a High Court lawyer suggesting that [...] Read more