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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.

French Election Optimism sees GBP DKK Exchange Rate Struggle

Posted by on April 26th, 2017.

The Pound has risen by 0.3% against the Danish Krone today but remains down on its weekly highs. Sterling has cautiously advanced against the Krone on a slow data day, with the final pre-election PMQ session proving influential. Spectators were divided on who ‘won’ the final debate, with Jeremy Corbyn testing the PM on pensions [...] Read more

Sterling Softens Ahead of First Quarter UK GDP Data

Posted by on April 26th, 2017.

March’s retail sales figures eroded confidence in the health of the UK economy, with sales found to have contracted -1.5% on the month. This indicated that households are already starting to cut back on spending; a trend which only looks set to deepen as rising inflation and stagnant wages put pressure on the cost of [...] Read more

Pound Rallies Vs. Commodity Bloc On Trump Protectionist Fears

Posted by on April 26th, 2017.

The Pound rallied against some of the majors yesterday as markets responded positively to news that Chancellor of the Exchequer Philip Hammond managed to hit his budget target for the 2016/17 financial year. Public sector net borrowing came in at £52 billion last year, 28% down on 2015/16 and its lowest level since the start [...] Read more

Lowest UK Borrowing Figures since Financial Crisis Boost GBP AUD

Posted by on April 25th, 2017.

UK government borrowing figures have helped push the Pound Australian Dollar exchange rate 0.7% higher to 1.70 today. UK Prime Minister Theresa May took markets by surprise last Tuesday after announcing there would be a snap general election on June 8th. Markets quickly decided this was a good thing and rushed to buy Sterling on [...] Read more

GBP/CAD Hits 2017 Highs

Posted by on April 25th, 2017.

The Pound to Canadian Dollar exchange rate briefly dipped on Monday due to an increase in risk-sentiment. However, the risk-rally was short lived and the Canadian Dollar was weakened on Tuesday, allowing GBP/CAD to rise to a new 2017 high of 1.73. The Pound has held onto last week’s massive UK election-inspired gains despite recent [...] Read more

Euro Retains 150-pip Election Gains

Posted by on April 25th, 2017.

It was a fairly quiet day on the currency markets yesterday for the Pound, with little fresh trading stimulus. A report from the Confederation of British Industry (CBI) signalled that UK factories witnessed the best three month period of exports for over six years between February and April. The CBI noted that Sterling’s 15%-20% depreciation [...] Read more

GBP ZAR Slides Amid French Election Relief Rally

Posted by on April 24th, 2017.

Theresa May’s unexpected call for a snap general election prompted significant volatility for the GBP ZAR exchange rate. While investors were initially unsettled by the announcement, the Pound soon rallied on speculation that the Conservatives will sweep the vote. In spite of the hard line of rhetoric that May has maintained, there were hopes that [...] Read more

GBP/USD Hits 6-Month High

Posted by on April 24th, 2017.

Sterling rallied by around two cents versus the US Dollar last week to strike its highest level since October 2016 following the announcement of snap UK elections in June. GBP/USD rocketed higher last Tuesday in reaction to UK Prime Minister Theresa May’s surprise call for a general election in June. Recent polls suggest May holds [...] Read more

GBP/EUR Yo-Yos On UK, French Election Sentiment

Posted by on April 24th, 2017.

The Pound to Euro exchange rate rallied by around two cents last week on news of snap UK elections but then gave back all of those gains following the results of the first round of the French Presidential elections. At the beginning of last week’s session the Pound was buffeted higher by a surprise announcement [...] Read more

GBP NZD Rate Close to Recent Highs despite Weak Sales Stats

Posted by on April 24th, 2017.

The Pound is largely managing to cling to its recent highs against the New Zealand Dollar today despite a pessimistic prediction for UK economic performance from IHS Markit. Last week, the Pound made decisive gains against the New Zealand Dollar, opening trading at 1.78 on Monday and closing at 1.82 on Friday – the GBP/NZD [...] Read more