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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:

Pound Rallies on Hints of Progress in Brexit Talks

Categories: AUD, CAD, EUR, GBP, Markets, News, NZD, USD
badge-686324_640 Sterling GBP/USD 1 Week Chart After a pretty arduous session for the Pound (GBP) last week the UK currency finally managed to find some respite on Friday following an EU summit to discuss the current state of Brexit negotiations. While EU leaders stated that progress was still currently insufficient for the second stage of talks to begin, they suggested that the recent reports of a ‘deadlock’ may have been exaggerated and that trade talks could start in December if progress continues.

US Dollar Strengthens on Trump Tax Reform Hopes

Categories: AUD, CAD, EUR, GBP, Markets, News, NZD, USD
trump Sterling GBP/USD 1 Week Chart The Pound (GBP) slipped even further against the majority of its peers yesterday as the UK’s latest retail figures revealed that sales had slumped more than expected in September. The large decline in sales also caused the odds of a November rate hike from the Bank of England (BoE) to slip further as well, pilling even more pressure on Sterling as the day went on.

New Zealand Dollar Nosedives as New Government is Formed

Categories: AUD, CAD, EUR, GBP, Markets, News, NZD, USD
nzd-hero Sterling GBP/USD 1 Week Chart The Pound (GBP) tumbled against the majority of its peers yesterday as the UK’s latest employment data failed to impress markets. Investors were mostly concerned over the UK’s average earnings data, with revealed that wage growth continues to lag well behind inflation, causing workers to be hit by yet another fall in real pay.

Pound Plummets Following Dovish Carney Comments

Categories: AUD, CAD, EUR, GBP, Markets, News, NZD, USD
gbp-hero Sterling GBP/USD 1 Week Chart The Pound (GBP) slumped against the other majors on Tuesday as comments by Bank of England (BoE) Governor Mark Carney sowed doubts over the bank’s possible plans to raise interest rates next month. Sterling was also weakened by the release of the UK’s latest CPI figures yesterday as another uptick in inflation caused concerns that the gap between inflation and wage growth is widening yet again.

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.

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