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.
Posted by Oliver Meredew on February 17th, 2017.
After a turbulent week of UK inflation and earnings data, the Pound could be in line for another volatile week. In political news, the House of Lords is set to start debating the Article 50 bill, while UK domestic data is due to cover the speed of GDP growth. The biggest influence on Sterling last [...] Read more
Posted by Laura Parsons on February 17th, 2017.
The Pound dropped to 1.16 against the Euro and lost over 0.5% against the US Dollar following the release of the UK’s retail sales figures for January. It had been forecast that monthly retails sales would print at 0.7% in January after falling by -2.0% in December, but sales actually slumped by -0.3% month-on-month. Sales [...] Read more
Posted by Josh Ferry Woodard on February 17th, 2017.
The Pound struggled against most of the majors yesterday as investors continued digesting data released earlier in the week showing that inflation rose slightly slower-than-anticipated in January and that real wage growth hit a two-year low in the fourth quarter of 2016. The only major UK ecostat due for release today is the January retail [...] Read more
Posted by Josh Jeffery on February 16th, 2017.
The Australian Dollar to US Dollar exchange rate was trending near its best 2017 levels on Thursday, but had slipped from its peak due to a mixed Australian employment report and the increasing strength of the US Dollar. AUD/USD continues to test the level of 0.77 at the time of writing after rising from the [...] Read more
Posted by Josh Ferry Woodard on February 16th, 2017.
The Pound weakened versus most of the majors yesterday following news that UK real pay growth succumbed to a two-year low in the fourth quarter of 2016. The headline unemployment rate remained at an 11-year low of 4.8% and the number of people in work jumped 37,000 to 31.84 million – an all-time high! But [...] Read more
Posted by Oliver Meredew on February 15th, 2017.
The Pound has been trending in a tight range against the Japanese Yen today, with losses being caused by earnings data in the UK and fears of Japanese growth hitting a plateau. That being said, the Pound nonetheless saw an overall rise against the Japanese Yen, opening at a rate of 140.33 and closing in the [...] Read more
Posted by Louisa Heath on February 15th, 2017.
Sterling suffered a disappointment when January’s consumer price index failed to show as strong an uptick in inflationary pressure as forecast. This undermined investors’ hopes that the Bank of England (BoE) could be prompted to tighten monetary policy sooner rather than later, leaving the Pound with little in the way of support. Brexit-based jitters could [...] Read more
Posted by Josh Ferry Woodard on February 15th, 2017.
Investors’ recent love affair with the Pound ended yesterday following January’s CPI numbers. Although the UK headline rate of inflation struck a two-and-a-half-year high, the 1.8% score missed estimates of 1.9% and this set off a period of sharp Sterling selling. The latest rise in inflation came as a result of rising oil and fuel [...] Read more
Posted by Oliver Meredew on February 14th, 2017.
The Pound tumbled dramatically against the Turkish Lira following the news that UK inflation is at its highest level since June 2014. The Turkish Lira, meanwhile, has been bolstered by rising risk appetite. The main focus for GBP investors today has been on UK inflation, which has risen from 1.6% to 1.8% on the year [...] Read more
Posted by Louisa Heath on February 14th, 2017.
Although the government’s Article 50 bill passed through the House of Commons without amendment this failed to weigh on the GBP ZAR exchange rate for long. While this increased the odds of Theresa May continuing to pursue a hard line approach to Brexit the bill could still face challenge in the House of Lords. As [...] Read more