Currency News

Home Currency News

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.

Sterling Softens on Dovish BoE Bets

Posted by on July 29th, 2016.

Sterling suffered yesterday in response to comments from Bank of England policymaker David Blanchflower hinting that the bank could push interest rates into negative territory. Indeed, British banks have already started warning business accounts that they may have to start charging for deposits in the near future. Most analysts expect the BoE to cut rates [...] Read more

GBP/INR Slumps on Lloyds Job Cut Announcement

Posted by on July 28th, 2016.

Lloyds Banking Group are dovishly preparing for lower UK interest rates, causing the Pound Indian Rupee (GBP INR) exchange rate to weaken. Since the 2008 financial crisis, Lloyds Banking Group has been on a serious cost-cutting exercise, having already shed around 54,000 jobs. In October 2014 Lloyds Banking Group announced a further 9,000 roles would [...] Read more

AUD/USD Stays Strong Despite Heightened RBA Rate Cut Bets

Posted by on July 28th, 2016.

The Australian Dollar to US Dollar exchange rate recovered from 0.7440, its lowest level since the first week of July, following the Federal Reserve’s July policy decision. Despite increased RBA rate cut bets after Wednesday’s Australian CPI report, the ‘Aussie’ remains overvalued and AUD/USD trends high around 0.7535. The Australian Dollar was undermined throughout Wednesday [...] Read more

Sterling Not Lifted By Strong Q2 GDP

Posted by on July 28th, 2016.

The Office for National Statistics (ONS) reported that the UK economy expanded 0.6% in the second quarter, marking a sturdy acceleration on Q1’s 0.4% and beating forecasts of 0.5%. However, the upbeat headline readout was not enough to lift demand for the Pound. This is because almost all of the GDP uptick took place in [...] Read more

Pound Dips on UK GDP and CBI Sales Figures, Fed Decision Ahead

Posted by on July 27th, 2016.

Finalised UK growth figures for the second quarter have printed above expectations, but the report motivated a small drop for the Pound against the Euro. Both on the quarter and on the year GDP accelerated 0.2% (double the gains forecast) to hit 0.6% and 2.2% respectively. While this strong indicator of robust economic performance would [...] Read more

Pound Flat Ahead of UK GDP Report

Posted by on July 27th, 2016.

The Pound traded with a slight downward bias yesterday as markets reacted to comments from Bank of England policymaker Martin Weale, which appeared to pave the way for additional stimulus next week. Weale, who previously said that more data was required before loosening policy, stated that last week’s seven-year low PMI results were much worse [...] Read more

BoE Easing Bias Weighs on GBP/EUR

Posted by on July 26th, 2016.

The Pound traded below psychological resistance at 1.20 for the majority of last week’s session as decent UK inflation and labour market reports failed to give Sterling a material lift. GBP/EUR ticked slightly higher last Monday in reaction to news that Japan’s Softbank had made a successful £24.3 billion bid to purchase UK technology firm [...] Read more

‘Cable’ Could Weaken Following Fed Policy Announcement

Posted by on July 26th, 2016.

The Pound to US Dollar exchange rate softened by around a cent last week as downbeat UK PMI data prompted a shift in Bank of England easing expectations. Sterling began last week’s session strongly, rallying towards 1.33 in reaction to news of a £24.3 billion takeover deal. Japan’s Softbank successfully launched a bid to purchase [...] Read more

GBP NZD Trends Lower Odds of Imminent RBNZ Rate Cut

Posted by on July 26th, 2016.

After New Zealand’s second quarter Consumer Price Index failed to strengthen as forecast, the New Zealand Dollar fell further out of favour with investors. Weak inflationary pressure remains one of the key concerns of the Reserve Bank of New Zealand (RBNZ), suggesting that the chances of an imminent interest rate cut are rather higher as [...] Read more

GBP/ZAR Advances as Rand Plummets on Dire News

Posted by on July 26th, 2016.

The Pound struggled to hold its ground against most majors during Tuesday’s session, but was able to advance against the South African Rand as a slew of news led to ZAR plummeting across the board. Due to Sterling’s weakness, the pair was only able to advance to levels just above 19.00. Sterling has been weak [...] Read more