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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.

Pound Down On Talk Of ‘Hard Brexit’

Posted by on September 27th, 2016.

A growing fear that the British government may pursue a post-‘Brexit’ future outside of the single market, to allow for greater controls on immigration, put pressure on the Pound yesterday. Recent remarks from UK officials appear to suggest that retaining single market access is not the priority and, indeed, Scotland’s external affairs minister Fiona Hyslop [...] Read more

GBP AUD Exchange Rate Worsens on City’s ‘Hard Brexit’ Concerns

Posted by on September 26th, 2016.

The Pound is in low demand against the Australian Dollar during trading today, on account of serious concerns voiced among City of London financiers about how the UK’s exit from the EU will affect them. The Australian Dollar has been destabilised overall, due to significant levels of unrest in the US political system and Chinese [...] Read more

‘Cable’ Hits 5-Week Low As Fed Eyes December Hike

Posted by on September 26th, 2016.

The Pound to US Dollar exchange rate succumbed to a fresh five-week low last week as a hawkish hold from the Federal Reserve was enough to prop-up the ‘Greenback’. GBP/USD weakened by around half a cent at the beginning of last week’s session on concerns that the Federal Reserve was going to hike interest rates [...] Read more

GBP/EUR Falls Within Touching Distance Of 3-Year Low

Posted by on September 26th, 2016.

The Pound to Euro exchange rate fell within touching distance of a three-year low last week with traders fearing that government officials might push for a so-called ‘hard Brexit’. Sterling slid below 1.16 versus the single currency at the start of last week’s session as sentiment soured in reaction to dovish remarks from the Bank [...] Read more

GBP CAD Recovered from Monthly Low on Weak Canadian Inflation

Posted by on September 26th, 2016.

Oil prices have continued to fluctuate in response to speculation over the likelihood of producers agreeing to some manner of output cap or freeze. While there have been some positive indications from oil ministers the message has remained far from conclusive, with markets doubtful that any agreement can be reached. As a result the Canadian [...] Read more

Boris ‘Brexit’ Comments Worry Sterling Traders

Posted by on September 26th, 2016.

Sterling lost ground against most of the majors at the end of last week’s session as ‘Brexit’ fears crept back into the Pound’s path following comments from British foreign secretary Boris Johnson. Johnson made traders anxious with talk of beginning Britain’s divorce process from the European Union early next year. He said that it could [...] Read more

Sterling Recovers Some Lost Ground

Posted by on September 23rd, 2016.

The Pound put in a more respectable performance yesterday, drifting higher against most of the majors in reaction to a fairly upbeat speech from Bank of England policymaker Kristin Forbes. Forbes claimed that the UK has responded better-than-anticipated to the shock of voting to leave the European Union in June. The BoE official admitted that [...] Read more

EUR/ZAR Reacts to Fed Interest Rate Decision

Posted by on September 22nd, 2016.

The Euro-Rand exchange rate has come under pressure this week, with the pairing declining from a starting high in the region of 15.94 to a closing low during Thursday’s European trading session of 15.04. For the Rand, losses have been brought about lately by the US Federal Reserve and the tone adopted at its interest [...] Read more

GBP TRY Exchange Rate Volatile Following TCMB Easing

Posted by on September 22nd, 2016.

Confidence in the outlook of the Turkish economy took a fresh blow at the start of the week, when June’s Unemployment Rate unexpectedly leapt from 9.4% to 10.2%. This sharp increase did not encourage investors, with the slowing of the labour market boding ill for the wider economy. Higher unemployment is likely to drag on [...] Read more

GBP/JPY Exchange Rate Advances as Markets Move Away from ‘Safe-Havens’

Posted by on September 22nd, 2016.

The Pound to Japanese Yen exchange rate plunged on Wednesday as the Bank of Japan’s (BoJ) latest stimulus measures failed to dissuade markets from buying the ‘safe-haven’ Yen. However, by Thursday morning GBP/JPY had recovered from its monthly-lows of 130.4679 and trended in the region of 131.5000. Sterling has generally been unable to advance this [...] Read more