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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 Update: Sterling Dips despite UK Borrowing Surplus

Posted by on August 22nd, 2017.

A seemingly positive UK report failed to support the Pound today, leading to a small decline against the Australian Dollar. While today’s UK economic news has been positive on paper, the Pound has failed to advance against the Australian Dollar. The news in question was that the UK’s government borrowing deficit in July rose to [...] Read more

Surprise UK Public Finance Surplus Fails to Reverse GBP ZAR Downtrend

Posted by on August 22nd, 2017.

The GBP ZAR exchange rate extended its downtrend on the back of June’s South African retail sales figures. As sales picked up further than forecast on the year this suggested that domestic consumers remain in a relatively robust state of confidence, in spite of ongoing political tensions. While resilient consumer spending is unlikely to be [...] Read more

Sterling Hits New 10-Month Low Versus Single Currency

Posted by on August 22nd, 2017.

The Pound remained at depressed levels versus most of the majors yesterday as markets continued to bet that the Bank of England would not be tightening policy anytime soon. Lord Macpherson of Earls Court, who was permanent secretary to the Treasury from 2005 to 2016, caused a bit of a stir yesterday by comparing quantitative [...] Read more

Australian Dollar Advances on US Uncertainty

Posted by on August 21st, 2017.

A slow start to the week has seen the Australian Dollar gradually advance against the US Dollar, although turbulence may hit the pairing later in the week. The recent Australian Dollar to US Dollar rise comes after a statement from Commonwealth Bank Australia (CBA), who reported rising consumer spending in July. The bank’s business sales [...] Read more

‘Cable’ at 5-Week Low Ahead of Key Federal Reserve Speech

Posted by on August 21st, 2017.

The Pound to US Dollar exchange rate plummeted through longstanding psychological support last week to strike its lowest level for five weeks. Sterling got off to a bad start last week as the US Dollar benefitted from a better-than-anticipated 0.6% expansion in retail sales. Meanwhile, demand for the Pound was hit by a lower-than-forecast UK [...] Read more

GBP/EUR at 10-Month Low Ahead of ECB’s Draghi Speech

Posted by on August 21st, 2017.

The Pound to Euro exchange rate touched a number of fresh 10-month lows last week as receding Bank of England rate hike bets weighed on Sterling. GBP/EUR softened at the start of last week’s session following a report showing that UK inflation undershot expectations of 2.7% with a score of 2.6% in July. Falls in [...] Read more

GBP/CAD Slides after Inflation Data

Posted by on August 21st, 2017.

While it held its ground when markets opened on Monday, last week saw the Pound to Canadian Dollar exchange rate plummet as investors began to buy risk-correlated currencies again. GBP/CAD has tumbled from 1.64 to 1.61 over the last seven days. On Friday, the pair briefly hit a low of 1.6151, its worst level since [...] Read more

GBP NZD Benefits From Risk Aversion and Korean Tensions

Posted by on August 21st, 2017.

Markets were not impressed to find that UK inflation had held steady on the year in July, particularly as the monthly measure showed a mild contraction in inflationary pressure. While this offered some relief to consumers, who have faced a severe squeeze on household finances in the wake of the Brexit vote, the GBP NZD [...] Read more

Pound Weakens Across the Board

Posted by on August 21st, 2017.

The Pound lost ground against the majors on Friday as bearish Bank of England bets continued to weigh on demand. On a trade-weighted basis, Sterling tumbled towards its lowest level in eight months, with investors unconvinced that the UK central bank will move to raise interest rates for at least a year. Indeed, data last [...] Read more

Dovish ECB Helps GBP/EUR Rally

Posted by on August 18th, 2017.

Data yesterday showed better-than-anticipated (but still fairly subdued) UK retail growth in July. The Office for National Statistics reported that sales volumes increased 0.3% month-on-month, which beat estimates of 0.2%. However, the number failed to give Sterling a massive lift because June’s figure was significantly revised from 0.6% to 0.3%. On a yearly basis, the [...] Read more