Author: Josh Ferry Woodard

Josh's Latest Articles

Pound Rallies Ahead Of Supreme Court Brexit Ruling

Tuesday, 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 […]

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

Monday, 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 […]

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

Monday, 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 […]

Sterling Steadies Following Trump Inauguration

Monday, 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 […]

Pound Rallies Vs. Euro On Dovish ECB

Friday, January 20th, 2017

Speaking at the World Economic Forum in Davos, UK Prime Minister Theresa May attempted to reframe Britain’s decision to leave the European Union as a globalist, rather than a nationalist venture. The PM argued that leaving the EU would give Britain opportunities to arrange trade deals with nations from all over the globe, not just […]

Sterling Retreats Following Tuesday Rally

Thursday, January 19th, 2017

The Pound fell back yesterday as profit takers moved in following Tuesday’s unexpected surge. Sterling put in its best daily performance for over a decade following UK Prime Minister Theresa May’s announcement that parliament would get the chance to vote on Britain’s eventual Brexit trade deal – which analysts hoped would prevent the more extreme […]

Parliamentary Brexit Vote News Boosts Sterling

Wednesday, January 18th, 2017

The Pound put it in its strongest daily performance since 1998 yesterday. Currency traders focussed on UK Prime Minister Theresa May’s announcement that both houses of parliament would get to vote on the government’s deal to leave the EU. Although the PM’s Brexit plans did appear to suggest a ‘hard Brexit’, investor fears were assuaged […]

Sterling Under Pressure Ahead Of May’s Brexit Outline

Tuesday, January 17th, 2017

Having tumbled to fresh lows at the beginning of this week’s session, the Pound managed to claw back some of its losses on Monday. The IMF upgraded its forecasts for UK economic growth in 2017 from 1.1% to 1.5%, citing a better-than-anticipated performance in the second half of last year as reason to expect solid […]

GBP/USD Near 31-Year Low Ahead Of Theresa May Brexit Speech

Monday, January 16th, 2017

The Pound to US Dollar exchange rate weakened by almost three cents last week to hit its lowest level in 31-year, barring the ‘flash crash’ at the beginning of October. Sterling tumbled to fresh three-month lows versus the US Dollar last week in reaction to remarks from UK Prime Minister Theresa May suggesting that Britain […]

Another Dose Of PM May Sends GBP/EUR To 2-Month Low

Monday, January 16th, 2017

The Pound to Euro exchange rate plunged to a fresh two-month low at the start of this week’s session due to fears that UK Prime Minister Theresa May will outline plans to break away from the EU single market on Tuesday. GBP/EUR began last week’s session on the back foot, declining rapidly in reaction to […]


© TorFX. Unauthorised copying or re-wording of this blog content is prohibited. The copyright of this content is owned by Tor Currency Exchange Ltd. Any unauthorised copying or re-wording will constitute an infringement of copyright.