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.

Pound Falls Vs Norwegian Krone as Brexit Concerns Weigh and Oil Prices Fluctuate

Posted by on August 25th, 2016.

Over the course of the past week mixed UK news has seen the Pound/Norwegian Krone exchange rate fluctuate moderately, shifting between 10.73 and 10.91. Demand for the Norwegian Krone has been dictated by the fluctuating price of crude oil, domestic data and an isolationist response to the European migrant crisis. Upcoming Norwegian news will focus [...] Read more

Pound to US Dollar Exchange Rate Hits 3-Week High

Posted by on August 25th, 2016.

The Pound registered another positive performance yesterday as Bank of England policy easing fears receded slightly. Although this week’s economic calendar has been conspicuously short of market-moving data releases, the lull has allowed the winds of optimism to creep in – thus buffeting the UK currency higher. Sturdy post-‘Brexit’ figures – retail, employment and manufacturing [...] Read more

Pound Sterling Defiant Despite Weaker Mortgage Figures

Posted by on August 24th, 2016.

Post-referendum data continued to surprise to the upside over the course of the last week, with July’s Retail Sales figure smashing forecasts to climb from 3.9% to 5.4% on the year. This suggested that uncertainty surrounding the Brexit issue had not had an overly negative impact on confidence, encouraging investors to pile into the Pound. [...] Read more

Sterling Rallies Again

Posted by on August 24th, 2016.

The Pound strengthened versus most of the majors yesterday as investors continued to trim bets on the UK currency devaluing rapidly over the second half of the year. Following a sharp slide in private sector output (the composite PMI struck a seven-year low in July) and an aggressive new bout of stimulus measures from the [...] Read more

GBP ZAR Holding Gains despite Record Bets against the Pound

Posted by on August 23rd, 2016.

The GBP ZAR exchange rate has seen gradual but choppy gains over the past seven days, thanks to a combination of Brexit-related speculation in the UK and the results of South Africa’s latest elections. Friday saw the Pound receding after two days of gains thanks to a combination of disappointing data and speculation over when [...] Read more

GBP CAD Exchange Rate Advances as Oil Prices Fall

Posted by on August 23rd, 2016.

The Pound to Canadian Dollar continued recovering from its recent lows this week, as investors bought GBP from its cheapest levels and ‘Loonie’ demand plummeted as oil prices quickly dropped from last week’s rally. UK and Canadian data outlooks are quiet, but UK economic worries mean GBP/CAD is unlikely to return to August’s early levels [...] Read more

Profit Taking Boosts Sterling

Posted by on August 23rd, 2016.

Sterling drifted higher versus most of the majors yesterday as traders locked in profit from a record number of bets against the UK currency. Following the Bank of England’s decision to ease monetary policy aggressively at the start of the month, the trend to bet against the Pound reached an all-time net high. There were [...] Read more

GBP NZD Strengthened by Increased Fed Rate Hike Bets

Posted by on August 22nd, 2016.

Even though the New Zealand Services PMI for July weakened on the month, this did not dent the appeal of the ‘Kiwi’. Despite this dip the measure continued to point towards a solid level of expansion within the sector, suggesting that the domestic economy remains in a stronger state. This increased the belief amongst investors [...] Read more

GBP/EUR Rises From 3-Year Low

Posted by on August 22nd, 2016.

The Pound to Euro exchange rate struck a three-year low at the start of last week’s session as record low bond yields combined with the threat of further BoE stimulus deterred traders from investing in Sterling. However, demand for the UK currency was buffeted higher on Tuesday morning when British inflation data showed that consumer [...] Read more

GBP/USD Rallies from Monthly Low Ahead of Fed Statement

Posted by on August 22nd, 2016.

‘Cable’ traded higher by around two cents last week as fading Federal Reserve rate hike bets allowed Sterling to rally on sanguine retail sales numbers. The Pound to US Dollar exchange rate rebounded from a monthly low last Tuesday as UK inflation came in better-than-anticipated at 0.6% and US CPI slowed unexpectedly from 1.0% to [...] Read more