Home Currency News Daily Update

Exchange Rate Forecasts

Daily Update Forecasts

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 [...]

Read more



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 [...]

Read more



Pound Rallies Vs. Euro On Dovish ECB

Posted by:
Date: 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 [...]

Read more



Sterling Retreats Following Tuesday Rally

Posted by:
Date: 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 [...]

Read more



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 [...]

Read more



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 [...]

Read more



Sterling Down Vs. All The Majors

Posted by:
Date: January 16th, 2017.

The Pound struck new lows versus most of the majors at the beginning of this week’s session as single market fears continued to depress demand for the UK currency. Prime Minister Theresa May is due to outline her aims for Brexit on Tuesday in a landmark speech, which many fear could see the PM prioritise [...]

Read more



The Pound suffered steep losses yesterday afternoon when a spokesperson for the Prime Minister said Theresa May would be giving a speech next week on her plans for leaving the European Union. Although no further information has been released at this stage, traders opted to sell Sterling on the news because since taking office May’s [...]

Read more



‘Hard Brexit’ fears continued to weigh on demand for the Pound yesterday even though domestic data printed positively. The prospect of government officials entering Brexit negotiations with European leaders without a clear strategy, and without a strong desire to retain tariff-free access to the single market, has significantly reduced demand for Sterling this week. So, [...]

Read more



Brexit Mist Weighs On Pound

Posted by:
Date: January 11th, 2017.

Lack of clarity on Britain’s post-Brexit trade arrangements with the European Union continued weighing on demand for the Pound yesterday. Sterling has suffered steep losses this week following remarks from UK Prime Minister Theresa May, which did not really add anything new to the equation, but did hint that immigration controls could be prioritised over [...]

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.