Author Page

Author's Latest Articles

Pound Weakness sends GBP/INR Lower

Monday, May 22nd, 2017

Investors were not encouraged by April’s Indian balance of trade, with the deficit found to have widened further than forecast on the month. This weakened confidence in the strength of the domestic economy, prompting a fresh round of Rupee selling. Demand for the risk-sensitive Rupee was also weighed down by the jitters surrounding political developments […]

Tory Election Lead Narrows, GBP AUD Under Pressure

Monday, May 22nd, 2017

There was nothing surprising about last week’s Reserve Bank of Australia (RBA) meeting minutes, with the tone largely in line with market expectations. The RBA’s generally neutral outlook on monetary policy offered some encouragement to investors, limiting speculation that the central bank could return to an easing bias in the near future. While concerns over […]

GBP NOK Slumps on Fresh Oil Price Rally

Wednesday, May 17th, 2017

A slight narrowing of Norway’s April trade surplus was not enough to knock back the Krone, which also benefitted as market risk sentiment picked up at the start of the week. This positive outlook was built on by a sharp improvement in the second quarter consumer confidence index and bullish domestic growth data. Altogether the […]

US Dollar Slides on White House Scandal

Wednesday, May 17th, 2017

Disappointment greeted the Bank of England’s (BoE) May policy decision, as investors had hoped to see a second hawk joining Kristin Forbes in voting for an immediate interest rate hike. Coupled with a quarterly Inflation Report that featured forecasts based on the UK achieving a smooth Brexit, this cemented market expectations that the BoE will […]

GBP ZAR Softened by Accelerating UK Inflation Rate

Tuesday, May 16th, 2017

Last Friday South African mining production unexpectedly jumped 15.5% on the year in March, boosting the appeal of the Rand. As there was also a modest uptick in manufacturing production this encouraged hopes that the economy is in an improving state of health in spite of ongoing political jitters. This put some pressure on the […]

GBP NZD Under Pressure Despite Dovish RBNZ Outlook

Monday, May 15th, 2017

Confidence in the New Zealand Dollar weakened sharply in the wake of the Reserve Bank of New Zealand (RBNZ) May policy meeting. Markets were caught off guard by the more cautious tone that the central bank adopted, undermining expectations that a return to monetary tightening could be on the cards. Governor Graeme Wheeler noted that […]

Abrupt Dismissal of FBI Director Weighs on US Dollar

Wednesday, May 10th, 2017

Confidence in the underlying economic health of the UK was boosted as a better-than-expected services PMI topped off April’s round of solid PMIs. Even so, the report highlighted the continued acceleration in domestic inflationary pressure. Coupled with a dip in mortgage approvals, this indicated that consumer confidence and finances remain under pressure, suggesting that support […]

GBP ZAR Static Ahead of BoE Rate Decision

Tuesday, May 9th, 2017

Last week April’s raft of UK PMIs bettered expectations, temporarily easing fears over the underlying health of the domestic economy. A solid uptick in the service sector in particular helped to boost the Pound, given that it accounts for more than three quarters of UK economic growth. However, the details of the surveys pointed towards […]

GBP INR Trends Higher on Strong UK PMIs

Thursday, May 4th, 2017

Brexit-based developments weighed heavily on the Pound this week, with Theresa May taking an increasingly hard line of rhetoric. An apparent deterioration in relations between UK and EU officials prompted renewed Sterling softness, with the odds of the talks ending without a new trade deal rising sharply. With the Conservatives still considered to be on […]

Pound May Extend Gains on Stronger UK Services PMI

Wednesday, May 3rd, 2017

In a positive sign for the UK economy, both April’s manufacturing and construction PMIs bettered forecast, indicating a solid start to the second quarter. After the first quarter gross domestic product’s marked slowdown this offered the Pound some encouragement. As Sterling’s post-referendum slide appears to be boosting domestic industry the mood of investors naturally improved, […]


© 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.