"Our company's mission is to provide outstanding exchange rates, expert guidance and a simple, friendly service that people will want to recommend to others." – Jon Beddell (CEO). Contact TorFX for an FX Quote - UK & Europe - Australia & NZ.
You can get in touch with TorFx via email here or via the contact page.
The Pound (GBP) slipped against the majority of its peers on Friday as markets became increasingly sceptical that the Bank of England (BoE) will seek to raise rates in the near future, with recent CPI figures suggesting that inflation is now beginning to slow.
Also pressuring Sterling late last week were reports that UK officials have suggested that UK-EU trade talks are unlikely to begin in October as initially hoped, leaving even less time for Britain to try and form a new post-Brexit trade deal with the continent. View article >
The Pound (GBP) managed to rally against the majority of its peers at the start of the European session yesterday as July’s UK retail sales data beat expectations.
Data released by the ONS showed that sales grew by 0.3% last month, outpacing predictions that they would only rise by 0.2%. Slightly dampening the data, however, was the news that June’s figures were revised down from 0.6% to 0.3%. View article >
The Pound (GBP) initially surged against the other majors yesterday as the UK released some upbeat employment figures, with markets particularly impressed by a jump in average earnings.
However, Sterling struggled to hold its gains and fell again later in the afternoon as investors turned their attention to the UK’s latest Brexit proposals, with many questioning the government’s ability to deliver a plan to keep visa-free travel with the EU. View article >
The Pound (GBP) plummeted against the majority of its peers on Tuesday as the ONS reported that the UK’s inflation rate remained flat in July.
Markets reacted poorly to the news as they believe the Bank of England (BoE) will see it as a signal to delay any plans for a rate hike in the near future. View article >
The Pound (GBP) is trading robustly against the majority of its peers this morning as the UK government outlined its plans to seek an ‘ambitious new customs arrangement’ with the EU after Brexit.
While it is unclear whether EU officials are likely to be accepting of such a deal, markets reacted positively on hopes that the government is prepared to soften its approach to Brexit. View article >
The Pound (GBP) began to trend higher at the start of this week’s session following a joint statement from Chancellor Philip Hammond and Trade Secretary Liam Fox in which they called for the UK to seek a transitional Brexit deal with the EU.
This follows months of speculation about a possible fracture in Theresa May’s cabinet, with Hammond and Fox both favouring a different approach to leaving the EU. View article >
The Pound (GBP) slipped against most of its peers on Thursday as NIESR’s forecast that the UK economy only grew 0.2% in the three months to July.
This was down from a previous figure of 0.3%, with the fall being attributed to growing pressure on the UK’s service sector thanks to a decline in consumer spending. View article >
After strengthening on Wednesday falling a sharp rise in geopolitical tensions, the Pound (GBP) slipped again this morning ahead of a slew of UK data.
While domestic industrial production figures impressed, the nation’s trade deficit widened, inspiring GBP fluctuations.
The Pound Euro (GBP EUR) exchange rate is currently trading close to yesterday’s closing levels as markets await today’s UK data. View article >
The Pound (GBP) rallied against the majority of its peers this morning as currency markets sought the relative safety of Sterling amid rising tensions between the US and North Korea.
The Pound’s quiet week has made it increasingly appealing to investors who seek shelter amid the surge in geopolitical tensions as Washington and Pyongyang spit out increasingly aggressive rhetoric. View article >
The Pound (GBP) was able to make some gains on Monday as Halifax reported a slight rebound in its house price index.
However Sterling’s advance was hindered somewhat as investors raised concerns about the pace of price growth, which remains well below the highs seen at the start of last year, with analysts suggesting that only the lack of inventory was helping to keep prices afloat. View article >
BestExchangeRates.com is an information only service. By browsing on the website, using our comparison tools or FX provider referral service, you are asking BestExchangeRates to
provide you with information about currency exchange products & services from multiple financial institutions.
We will try to show you a
range of products & services in response to your request for information. The search results do not include all providers and may
not compare all features relevant to you. In giving you product information we are not making any suggestion or recommendation to
you about a particular product.
If you decide to conduct foreign exchange you will deal directly with a financial institution, and not with BestExchangeRates.
BestExchangeRates may receive fees or other benefits in relation to activity on the BestExchangeRates website.
BestExchangeRates may receive remuneration for vendor referral links. Please note that the opinions of our authors are their own
and do not reflect the opinion of BestExchangeRates and should not be taken as a reference to buy or sell any financial product.
Any redistribution or reproduction of part or all of the contents in any form is prohibited other than the following. You may print or download contents to a local hard disk for your personal and non-commercial use only. You may copy some extracts only to individual third parties for their personal use, but only if you acknowledge the website as the source of the material.
You may not, except with our express written permission, distribute or commercially exploit the content. You may not transmit it or store it on any other website or other form of electronic retrieval system.
For more details or request distribution right please contacxt us here.