Home Currency News Daily Update

Exchange Rate Forecasts

Daily Update Forecasts

Trump Policy Doubt Weighs On US Dollar

Posted by:
Date: March 27th, 2017.

Sterling softened slightly versus some of the majors on Friday as Bank of England rate hike expectations were tempered by dovish sentiments from BoE official Gertjan Vlieghe. Vlieghe said that rising inflation would not necessarily lead to higher interest rates if it turns out that the main driver behind surging price pressures is the Pound’s [...]

Read more



Better-than-forecast UK retail sales numbers allowed Sterling to rally across the board yesterday. Smashing estimates of 0.4%, sales volumes rebounded 1.4% in February following a -0.5% contraction in the first month of the year. The robust monthly print took the annualised figure up from 2.1% to 4.1%. Although analysts questioned the sustainability of the pickup [...]

Read more



The Pound, which has put in a strong performance over the last week thanks to rising Bank of England (BoE) rate hike expectations, steadied yesterday as UK economic prospects returned to the fore. Sterling rallied last Thursday when one BoE policymaker voted to raise rates and others voiced support for a potential rate hike in [...]

Read more



Inflation Spike Boosts Pound Vs. Majors

Posted by:
Date: March 22nd, 2017.

UK inflation jumped from 1.8% to 2.3% in February, it was announced yesterday, beating forecasts of 2.1% and rising above the Bank of England’s 2.0% target for the first time since late 2013. The Pound jumped on the news, with investors increasing their bets of an interest rate hike from the Bank of England. Food [...]

Read more



The Pound registered gains versus some of the majors at the beginning of this week’s session thanks to the recent shift in Bank of England rhetoric towards a potential rate hike at some point in 2017. Indeed, this time last week traders estimated there was a 25% chance of rate rise in November 2017, whereas [...]

Read more



BoE Bets Lend Sterling Support

Posted by:
Date: March 20th, 2017.

The Pound continued drifting higher versus the majors on Friday as traders adjusted UK monetary policy bets. The Bank of England voted against altering interest rates in March but markets were shocked to learn that one policymaker, Kristin Forbes, voted to raise borrowing costs this month. The dissenting hawkish vote, alongside hints that some other [...]

Read more



Sterling Jumps On BoE Dissent

Posted by:
Date: March 17th, 2017.

Sterling registered a rare day of gains yesterday as one Bank of England policymaker shocked markets with a vote for an immediate rise in UK interest rates. The monetary policy committee (MPC) voted 8-1 against raising rates at this juncture, however, it was Kristin Forbes’ surprise hawkish vote that caught traders’ attention and drove the [...]

Read more



‘Cable’ Rallies Despite Fed Hike

Posted by:
Date: March 16th, 2017.

For the second day in a row, Sterling was subject to marked volatility around 6AM yesterday morning. Having tumbled on Tuesday morning, the Pound surged on Wednesday morning, with some analysts attributing the spike in demand to speculation suggesting the Bank of England could start raising interest rates much sooner than anticipated. Indeed, a report [...]

Read more



Brexit Fears Drag Pound Lower Again

Posted by:
Date: March 15th, 2017.

Markets appeared to react to news of the proposed second Scottish independence referendum and the imminent triggering of Brexit yesterday. The strange thing was they reacted a day after those two stories hit newswires. On Monday Scottish First Minister Nicola Sturgeon announced plans to hold Scot indyref2 and UK Prime Minister Theresa May won the [...]

Read more



In a boost to the GBP ZAR exchange rate the fourth quarter South African gross domestic product report proved rather discouraging. GDP growth was found to have contracted on the quarter, clocking in at -0.3% rather than the more positive 0.5% that investors had anticipated. This highlighted the continued struggles of the South African economy, [...]

Read more



© 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.