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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 Hits 8-Month Low Vs. Euro Following ECB Stimulus Remarks

Posted by on July 21st, 2017.

Sterling was hammered across the board yesterday as fresh Brexit anxieties outweighed an upbeat UK retail sales report. Demand for the Pound was significantly hurt by comments from British trade minister Liam Fox suggesting that the country could get by without a post-Brexit EU trade deal. Economists believe that such a scenario would have a [...] Read more

Sterling Strikes 3.5-Month Low Vs. ‘Aussie’ Dollar

Posted by on July 20th, 2017.

The Pound recovered some of its recent losses yesterday as investors locked in profit following Tuesday’s surprising dip in UK inflation. Sterling suffered following the 2.6% June CPI print, which underwhelmed expectations of inflation remaining at a four-year high of 2.9%. However, there was little fresh stimulus for Sterling traders yesterday and this allowed the [...] Read more

GBP Down on UK Inflation Data, ECB Decision Ahead

Posted by on July 19th, 2017.

Confidence in the Pound took a sharp blow as June’s UK consumer price index fell short of forecast. Investors were not impressed to find that inflationary pressure had dipped from 2.9% to 2.6%, even though this signalled some easing in the squeeze on wages. This weaker level of inflation seems to remove some of the [...] Read more

Sterling Plunges as Surprise UK Inflation Dip Weighs on BoE Rate Hike Bets

Posted by on July 19th, 2017.

Sterling suffered steep losses versus the majors yesterday as UK inflation came in significantly lower than traders had anticipated. The consumer price index slowed in June for the first time since last October, dropping from 2.9% to 2.6%. Cooling recreational goods prices and sliding transport costs drove the headline inflation rate lower at a time [...] Read more

Could Dovish SARB Encourage GBP ZAR Rally?

Posted by on July 18th, 2017.

South African manufacturing production continued to underperform in May, with output still contracting on both the month and the year. This underlined the muted outlook of the domestic economy, even as concerns over the proposed nationalisation of the South African Reserve Bank (SARB) eased. Coupled with a general increase in market risk aversion, spurred by [...] Read more

UK Inflation Slows for First Time since October 2016; GBP CAD Slumps

Posted by on July 18th, 2017.

Poor UK inflation data for June has caused the GBP CAD exchange rate to slump to 1.6436 today. The Pound Canadian Dollar exchange rate was down -0.8% in the region of 1.6436 at the time of writing, following poor UK data. Core consumer price growth has slowed year-on-year from 2.6% to 2.4% and non-core inflation [...] Read more

Sterling Stutters Ahead of UK Inflation Report

Posted by on July 18th, 2017.

Sterling started this week’s session by giving back some of its recent gains versus the majors. Demand for the Pound was curtailed by fears that discord within the Tory party could derail the Brexit process. Chancellor Philip Hammond, a proponent of a ‘softer Brexit’, claimed that cabinet members were leaking stories to the press in [...] Read more

GBP/USD Soars to 10-Month High as Fed Rate Hike Bets Soften

Posted by on July 17th, 2017.

The Pound to US Dollar exchange rate surged through longstanding psychological resistance to strike a 10-month high last week. Bets of a rate hike from the Bank of England in August were dealt a blow last Tuesday when policymaker Ben Broadbent chose to talk about Brexit trade dynamics rather than monetary policy. This was seen [...] Read more

GBP/EUR Bounces From 8-Month Low to 3-Week High

Posted by on July 17th, 2017.

The Pound to Euro exchange rate appeared to bottom out at an eight-month low last week, before rallying over a cent as central bank speculation benefitted Sterling. Sterling plunged to an eight-month low versus the single currency last Tuesday following a speech from Bank of England policymaker Ben Broadbent. Traders were hoping for a hawkish [...] Read more

GBP NZD Sluggish Ahead of UK and NZ Inflation Data

Posted by on July 17th, 2017.

The latest raft of UK labour market data failed to bolster the appeal of the Pound for long, even though the unemployment rate unexpectedly fell from 4.6% to 4.5%. Wage growth remained distinctly disappointing, with the average weekly earnings measure slowing from 2.1% to 1.8% in the three months to May. This indicated that the [...] Read more