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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.

GBP TRY Exchange Rate Rallies on Turkish Turbulence

Posted by on December 3rd, 2016.

The Pound has gone from strength to strength against the troubled Turkish Lira over the past week, and looks set to expand these gains. The Lira has had a run of bad luck recently, with a major setback in the EU integration process sending TRY demand plummeting. While the Pound was able to advance comfortably [...] Read more

AUD/USD Performs Poorly on Wide Iron Ore Fluctuations

Posted by on December 2nd, 2016.

Demand for risk-correlated currencies dipped towards the end of last week as commodity trade became mixed. While OPEC’s deal to cut oil production bolstered risk demand, it also boosted the US Dollar which kept the ‘Aussie’ limited. AUD/USD began the week above 0.74 but fell closer to 0.73 by Friday. The Australian Dollar took a [...] Read more

OPEC Deal Sends Sterling Higher

Posted by on December 1st, 2016.

Demand for the Pound remained sturdy yesterday, despite a cautionary financial stability report from the Bank of England. The BoE noted that the outlook for stability in the British economy remains challenged by Britons’ decision to leave the European Union: ‘The UK economy has entered a period of adjustment following the EU referendum. The likelihood [...] Read more

Will GBP USD Exchange Rate Weaken on Stronger US Employment?

Posted by on November 30th, 2016.

A page of leaked government notes on Brexit failed to do much to weigh down the Pound, despite these appearing to point towards the UK losing its access to the single market. Investors were more inclined to focus on positive consumer credit and mortgage approvals figures, which together suggested that the domestic economy remains robust [...] Read more

‘Cable’ Surges Almost A Cent

Posted by on November 30th, 2016.

The Pound rose versus most of the majors yesterday. British data showed that consumer credit increased by £1.6 billion in September, bringing annual credit growth to an 11-year high of £1.6 billion. Mortgage approvals also outperformed, accelerating from 63,600 to 67,500. However, it seems that the main driver behind Sterling’s rise – which did peter [...] Read more

GBP NZD Volatile; US Fed Speculation Rocks New Zealand Dollar

Posted by on November 29th, 2016.

Brexit speculation and a strong focus on the outlook for US monetary policy kept the GBP NZD exchange rate trending widely over the past seven days. GBP NZD climbed to a monthly high of 1.78 on Friday, but has more recently been trending at a two-week low of 1.74. Tuesday’s UK data saw investors looking [...] Read more

GBP AUD Slumps on Improved Australian Economic Outlook

Posted by on November 29th, 2016.

Despite a couple of strong spikes, the GBP AUD exchange rate has seen significant losses over the past seven days. Last Monday saw the Pound climb sharply against the Australian Dollar. Prime Minister Theresa May gave a speech to business leaders in which she commented that the government may look to negotiate a transitional Brexit, [...] Read more

Canadian Dollar Gains Two Cents On OPEC Optimism

Posted by on November 29th, 2016.

The biggest item of news relating to the Pound yesterday was an interesting speech from Bank of England policymaker Gertjan Vlieghe. The BoE official, who has previously been a strong advocate of stimulus to help soothe the impact of ‘Brexit’, said he was happy with the current level of monetary accommodation and that it was [...] Read more

Pound Close To Fair Value Vs. US Dollar

Posted by on November 28th, 2016.

Sterling rose by around a cent versus the US Dollar last week thanks to a positive reaction from the markets to Chancellor Phillip Hammond’s first budget statement. The Pound strengthened by around 150 pips versus the US Dollar last Monday in reaction to UK Prime Minister Theresa May’s comments on the potential for a transitional [...] Read more

GBP to EUR Hits 2-Month High

Posted by on November 28th, 2016.

The Pound to Euro exchange rate strengthened by around a cent to strike a new two-month high last week as investors reacted favourably to Chancellor Phillip Hammond’s Autumn Statement. Sterling jumped from below 1.16 to above 1.17 last Monday in reaction to calming comments from UK Prime Minister Theresa May. The PM attempted to assuage [...] Read more