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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.

Will GBP Rates Trend Lower on Widened UK Trade Deficit?

Posted by on December 7th, 2016.

Reaction to the Supreme Court hearing of the government’s Article 50 appeal has been relatively limited given that the verdict will not be known for some time yet. Even so, Brexit-based speculation helped to drive the Pound higher thanks to ongoing speculation that the UK could pay to maintain its privileged access to the single [...] Read more

Soothing Brexit News Boosts Pound

Posted by on December 7th, 2016.

The Pound drifted broadly higher across the board yesterday thanks to some soothing comments on Brexit. UK Chancellor Phillip Hammond told reporters that the government was considering paying into the EU budget in exchange for access to the single market – something Brexit minister David Davis spoke of last week. And Prime Minister Theresa May [...] Read more

GBP NZD Advances after Shock Resignation of New Zealand PM

Posted by on December 6th, 2016.

  After tumbling during the first half of last week, the GBP NZD exchange rate managed to rebound and continues to make gains today after New Zealand’s Prime Minister resigned unexpectedly over the weekend. Last week was one of two halves for the Pound New Zealand Dollar exchange rate. A meeting to discuss curbing oil [...] Read more

GBP/AUD Exchange Rate at Multi-Month High after RBA Decision

Posted by on December 6th, 2016.

The Pound to Australian Dollar exchange rate advanced to a new two-month-high in the wake of the Reserve Bank of Australia’s (RBA) unsurprising interest rate decision. Pound movement has been limited since markets since markets opened this week as Britain’s Supreme Court has been embroiled in an appeal with the UK government. The UK government [...] Read more

Two-Month High GBP/USD Rates May Not Last

Posted by on December 6th, 2016.

Before the days of Brexit, Trump and Supreme Court judgements the Pound would have been expected to rally on news that Britain’s dominant service sector expanded at its fastest pace for 10 months. News hit the wires yesterday morning that UK service sector output surged unexpectedly from 54.5 to 55.2 in November, but the robust [...] Read more

GBP ZAR Strengthens Despite SA Credit Rating Reprieve

Posted by on December 5th, 2016.

Stronger-than-expected UK consumer credit and mortgage approvals figures helped to set the GBP ZAR exchange rate on a bullish run last week, with confidence within the UK economy appearing to remain robust in the face of ongoing Brexit-based uncertainty. This encouraged investors to pile back into the Pound, supporting hopes that the Bank of England [...] Read more

GBP/USD Rallies to 1.27

Posted by on December 5th, 2016.

The Pound to US Dollar exchange rate strengthened by around three cents to strike a two-month high last week. ‘Cable’ appreciated by around a cent from 1.24 to 1.25 last Tuesday, helped by a marked decrease in bets against Sterling. The Commodity Futures Trading Commission released data showing that short positions against the Pound tumbled [...] Read more

GBP/EUR Touches Four-Month High

Posted by on December 5th, 2016.

The Pound to Euro exchange rate struck a four-month high at the beginning of this week’s session due to fears that political instability in Italy could pave the way for a wave of anti-EU sentiment on the continent. GBP/EUR started the week at around 1.17 as Bank of England policymaker Gertjan Vlieghe said that no [...] Read more

GBP CAD Exchange Rate Rises as UK Government Starts Article 50 Appeal

Posted by on December 5th, 2016.

The Pound Canadian Dollar exchange rate has started off on a positive note this week thanks to a forecast-beating UK Services PMI result. Elsewhere, the Government has embarked on a lengthy appeal to the Supreme Court over Article 50. The Canadian Dollar is still moving in response to commodity prices today following last week’s historic [...] Read more

Pound to Euro at Highest Level Since July as Italian PM Resigns

Posted by on December 5th, 2016.

The Pound continued to attract support on Friday as fears of a ‘hard Brexit’ receded. Remarks earlier in the week from ‘Brexit’ Secretary David Davis suggesting that the government was prepared to pay into the EU budget in exchange for access to the single market were the main driving force behind Sterling’s strength. Demand was [...] Read more