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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/AUD Fluctuates Following UK Supreme Court Decision

Posted by on January 24th, 2017.

The Pound to Australian Dollar exchange rate firmed ahead of this week’s UK Supreme Court judgment, but following the decision GBP investors were slightly disappointed. Concerns about a potential second Scottish independence referendum rose and GBP AUD failed to hold its best levels. While many analysts expected Sterling to advance if the UK Supreme Court [...] Read more

Pound Rallies Ahead Of Supreme Court Brexit Ruling

Posted by on January 24th, 2017.

The Pound ticked higher versus the majors yesterday as investors bet the Supreme Court ruling, due this morning, would ensure that parliament votes before the government triggers Article 50 of the Lisbon Treaty. Sterling stands to make further gains if the judges rule that devolved assemblies in Scotland and Northern Ireland will also be included [...] Read more

Rand Climbs Despite Trump-Inspired Risk Aversion

Posted by on January 23rd, 2017.

As a new week of trading began the Euro dropped against the South African Rand. ZAR gains have mainly been caused by a sharp rise in gold prices following some unsettling behaviour by the new US President. Despite a few fluctuations in the Euro Rand exchange rate last week, the Euro was nonetheless able to advance [...] Read more

GBP/CHF Rises despite Increase in ‘Safe Haven’ Demand

Posted by on January 23rd, 2017.

The Pound was able to hold gains against the Swiss Franc when markets opened on Monday despite an increase in demand for ‘safe haven’ currencies following Donald Trump’s turbulent first weekend as US President. GBP/CHF trended at around 1.24 at the time of writing. The Pound has continued to perform strongly this week after last [...] Read more

GBP/USD Rebounds To Five-Week High As Trump Disappoints

Posted by on January 23rd, 2017.

Having broken below 1.20 last week, the Pound to US Dollar exchange rate now appears to be approaching ‘fair value’ at 1.25, helped in part by President Donald Trump’s disappointing decision not to unveil concrete plans for economic policy. ‘Cable’ slumped to its lowest level for 31-years – barring the flash crash of October 7 [...] Read more

Pound To Euro Exchange Rate Up On Promise of Parliamentary Brexit Vote

Posted by on January 23rd, 2017.

After a week of large swings the Pound to Euro exchange rate finds itself around a cent higher than it was seven days ago. GBP/EUR tumbled to two-month lows at the start of last week’s session in response to rumours that Prime Minister Theresa May was planning to break away from the EU single market [...] Read more

GBP ZAR Strengthens Ahead of SARB Policy Meeting

Posted by on January 23rd, 2017.

The UK Consumer Price Index for December proved unexpectedly strong, with inflation rising from 1.2% to 1.6% on the year. This was a greater feed-through of inflationary pressure than investors had expected, suggesting that consumers are likely to experience a greater squeeze on earnings and spending in the coming months. Even so, this did not [...] Read more

Theresa May Customs Union Plan Supports GBP CAD

Posted by on January 23rd, 2017.

Optimism surrounding the UK’s trade relationship with the EU after Brexit pushed GBP CAD away from a three-and-a-half year low to 1.65 last week. The Pound made strong gains last week, rebounding from a sharp drop-off on the news Britain would leave the single market as part of Brexit. The news, revealed ahead of Tuesday’s [...] Read more

Sterling Steadies Following Trump Inauguration

Posted by on January 23rd, 2017.

The Pound remained fairly stable on Friday following a tumultuous week that saw Sterling plunge to significant lows ahead of UK Prime Minister Theresa May’s Brexit strategy speech – and then recover swiftly following the PM’s announcement that parliament would get to vote on the new EU trade deal. Speaking at the World Economic Forum [...] Read more

Will Trump Presidency Impact GBP JPY Exchange Rate?

Posted by on January 20th, 2017.

The Pound was able to make steady gains against the Japanese Yen this week, but investors remained flighty due to high volatility generated by revealed plans on Brexit. Japanese data out over the week was broadly positive, but failed to lift the Yen against the more active Pound. Over the current week, the Pound Yen [...] Read more