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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/INR Up on ‘Remain’ Victory Bets

Posted by on May 24th, 2016.

The Pound has made sizable gains against the Indian Rupee this week  due to an extremely positive reaction from investors to the news that the ‘Remain’ campaign is ostensibly in the lead. The Indian Rupee has been fairly flat against other rivals in comparison, with this rudderless movement stemming from the simple shortage of domestic [...] Read more

GBP/AUD Hits Fifteen-Week High on Decreased ‘Brexit’ Bets

Posted by on May 24th, 2016.

The release of minutes from the Reserve Bank of Australia’s (RBA) May policy meeting prompted investors to buy back into the ‘Aussie’ last week as policymakers were shown to have been somewhat reluctant to cut interest rates. This less dovish tone seemed to suggest that the central bank will be in no hurry to loosen [...] Read more

GBP/CAD Jumps on Lowered ‘Brexit’ Odds

Posted by on May 24th, 2016.

Falling odds of a ‘Brexit’ vote in the UK’s EU referendum and concerns over the impact of the Alberta wildfires have caused significant appreciation in the Pound Sterling to Canadian Dollar exchange rate over the past seven days. Wednesday’s developments triggered a two-day rise in the GBP/CAD exchange rate. Labour market data showed that UK [...] Read more

‘Cable’ Weakens Slightly on Hawkish Fed

Posted by on May 24th, 2016.

It was a quiet day on the currency markets yesterday as investors paused for thought following last week’s strong Sterling gains. The Pound appreciated versus most of the majors last week in response to a slew of opinion polls giving the remain camp a significant lead in the run-up to next month’s EU referendum. Yesterday [...] Read more

ZAR Edges Higher on Fed Rate Bets

Posted by on May 23rd, 2016.

Despite optimism from Federal Reserve officials regarding a near-term rate hike, traders are less confident given EU referendum uncertainty, domestic political instability and China’s ongoing economic woes. As a result of this, emerging market assets climbed on Monday. The Pound Sterling to South African Rand (GBP/ZAR) exchange rate cooled by around -0.2% during Monday’s European [...] Read more

‘Cable’ Slid From a Fortnightly High Last Week

Posted by on May 23rd, 2016.

Sterling rallied by around three cents against the US Dollar at one point last week but has since slipped back under the pressure of profit-taking stances. GBP/USD started last week’s session close to 1.43 and Sterling managed to rally towards 1.44 even though UK inflation came in at 0.3% compared to forecasts of 0.5%. The [...] Read more

Sterling Rallied 2 Cents Vs. the Euro Last Week

Posted by on May 23rd, 2016.

The Pound to Euro exchange rate rallied by around two cents to strike a three-and-a-half-month high last week in reaction to a reduction in ‘Brexit’ bets. Sterling started last week’s session just below the 1.27 mark before rallying in anticipation of a sturdy UK inflation print. However, demand for the Pound cooled slightly following the [...] Read more

GBP/NZD Slides on Renewed Brexit Concerns

Posted by on May 23rd, 2016.

The Pound started the week on a low note against the New Zealand Dollar, with the latest EU Referendum argument dampening investment in the UK currency. Conversely, the New Zealand Dollar has been rallying amid bets that the Federal Reserve will hold off hiking interest rates again until after the EU referendum, with many analysts [...] Read more

Sterling Softens Due to Profit-taking Stances

Posted by on May 23rd, 2016.

After a bumper week of gains, Sterling slipped back against the majors on Friday. The Pound saw a massive wave of support on Wednesday in response to sturdy retail sales data and a poll showing that Britons would likely vote to remain in the EU next month. Demand for Sterling remained strong during Thursday’s session [...] Read more

Daily Update: Sterling Hits 3-Month High Vs. ‘Aussie’ & ‘Kiwi’

Posted by on May 20th, 2016.

The Pound maintained strong gains against the majors yesterday as robust UK retail sales data added to the positive Sterling sentiment generated by polling data giving the remain camp an 18-point lead in the run-up to next month’s EU referendum. Compared to expectations of a 2.0% rise, the Office for National Statistics (ONS) reported yesterday [...] Read more