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TorFX  Author: TorFX

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You can get in touch with TorFx via email here or via the contact page. Below are their latest articles:

Sterling Advances Ahead of Key Inflation Figures

Categories: AUD, CAD, EUR, GBP, Markets, News, NZD, USD
eu-flag-2108026_640 Sterling GBP/USD 1 Week Chart After slipping overnight due to increased Brexit uncertainty, the Pound (GBP) is rallying against the majority of its peers this morning as investors await the UK’s latest CPI data. Economists forecast that the UK’s inflation rate will have climbed from 2.9% to a five-year high of 3% in September, something markets hope will prompt the Bank of England (BoE) to finally begin to tighten monetary policy when policymakers meet next month.

Pound Rallies on Hopes Brexit Deadlock could be Broken

Categories: AUD, CAD, EUR, GBP, Markets, News, NZD, USD
eu-1473958_640 Sterling GBP/USD 1 Week Chart After fluctuating at the end of last week’s session the Pound (GBP) is striking higher against its peers in early trade this morning on hopes that a meeting between Theresa May and EU officials later today could go some way towards breaking the current ‘deadlock’ in talks.

Pound Volatile as Fifth Round of Brexit Talks Conclude

Categories: AUD, CAD, EUR, GBP, Markets, News, NZD, USD
pound-2461578_640 Sterling GBP/USD 1 Week Chart The Pound (GBP) experienced a bit of a rollercoaster on Thursday as the fifth round of Brexit talks concluded with  EU’s chief negotiator, Michel Barnier reporting that there was a ‘deadlock’ in negotiations over the UK’s divorce bill, prompting Sterling to plummet. However the Pound quickly recovered by the end of the session as Barnier suggested that the EU would be willing to offer the UK a two-year transitional deal.

US Dollar Slides as FOMC Minutes Reveal Fed Inflation Concerns

Categories: AUD, CAD, EUR, GBP, Markets, News, NZD, USD
us-welcome-900 Sterling GBP/USD 1 Week Chart The Pound (GBP) had a mixed day against the other majors on Wednesday as investors were unsettled by comments from Chancellor Philip Hammond regarding the government’s lack of plans for a ‘no deal’ Brexit. Sterling may fare a little better today however as investors await a speech from Bank of England Chief Economists Andy Haldane, with any indication that the prominent BoE policymaker supports a November rate hike likely to cause the Pound to surge.

US Dollar Weakened by Doubts over Trump’s Tax Reforms

Categories: AUD, CAD, EUR, GBP, Markets, News, NZD, USD
money-2726648_640 Sterling GBP/USD 1 Week Chart The Pound’s (GBP) recent recovery was supported by the release of the UK’s latest manufacturing production figures yesterday as output held at 0.4% in August, beating expectations it would fall to 0.2% and offsetting an unexpected rise in Britain’s trade deficit. Also aiding Sterling was NIESR’s latest UK GDP estimate, with the thinktank predicting that British economic growth will rise to 0.4% in the third quarter, a slight acceleration from 0.3% in the previous quarter.

Euro Strengthened as German Exports Soar to One-Year High

Categories: AUD, CAD, EUR, GBP, Markets, News, NZD, USD
euro-76019_640 Sterling GBP/USD 1 Week Chart The Pound (GBP) rebounded against the other majors on Monday as the currency found its feet again as the political uncertainty of the previous week began to subside. However, Sterling slipped again yesterday evening following a speech by Theresa May as the Prime Minister outlined her plans for Brexit, including what will happen in the event of a ‘no deal’ situation.

Pound Rallies as Markets Shake off Concerns over Conservative Infighting

Categories: AUD, CAD, EUR, GBP, Markets, News, NZD, USD
five-pound-note-1775774_640 Sterling GBP/USD 1 Week Chart The Pound (GBP) is trending higher against most of its peers this morning as the UK currency shakes off some of the political uncertainty that weighed it down last week. Investors were unsettled towards the end of last week amidst reports that Theresa May could face a leadership challenge as a group of Rebel MPs called for her to step down.

Pound Tends Lower as Theresa May Faces Possible Leadership Challenge

Categories: AUD, CAD, EUR, GBP, Markets, News, NZD, USD
rt_hon_theresa_may Sterling GBP/USD 1 Week Chart The Pound (GBP) slid lower against the majority of its peers on Thursday as markets became increasingly worried about the possibility that Theresa May could be ousted as Prime Minister. While such reports have shadowed the PM ever since the general election earlier in the year, a disastrous speech by May at the Conservative party conference seems to have emboldened her critics and led to renewed calls for her resignation.

Australian Dollar Slumps as Retail Sales Contract

Categories: AUD, CAD, EUR, GBP, Markets, News, NZD, USD
australian-flag Sterling GBP/USD 1 Week Chart The Pound (GBP) was able to end a two day run of losses yesterday as the UK’s latest Services PMI unexpectedly rose in September. Sterling was unable to make any notable gains however as the accompanying report showed that business growth fell to a 13-month low, with analysts warning that this may negatively impact the UK’s future economic output.

Sterling Slumps as Construction PMI Contracts

Categories: AUD, CAD, EUR, GBP, Markets, News, NZD, USD
london-riverside Sterling GBP/USD 1 Week Chart The Pound (GBP) tumbled against the majority of its peers yesterday following the release of the UK’s latest Construction PMI. While only accounting for a small amount of UK economic growth, investors were concerned by the construction sector’s unexpected contraction in September. Meanwhile, the UK will release September’s Services PMI later this morning, with Sterling likely to plummet if it also disappoints.

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