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The foreign exchange market news is supplied by TorFX, a leading provider of foreign exchange services. |
Fri, 30 Ju 2010 09
Daily Insight
Daily Foreign Exchange Rate Forecast – 30th July
by Adam Solomon
Sterling / Euro and US Dollar
The Pound has continued to test resistance levels above $1.56 against the Dollar, the highest level since February, but the UK currency has struggled to break above 1.20 versus the Euro, losing 0.4% on the day. UK housing data showed that prices fell for the first time in [...]
| Thu, 29 Ju 2010 08
Daily Insight
Daily Foreign Exchange Rate Forecast – 29th July
by Adam Solomon
Sterling / Euro and US Dollar
The Pound made significant gains against a basket of currencies yesterday, rising through $1.56 against the Dollar to the highest level in five-months, while the UK currency also re-visited the resistance level at 1.20 versus the Euro. The Australian Dollar has declined heavily against the Pound and U.S [...]
| Wed, 28 Ju 2010 10
Daily Insight
Daily Exchange Rate Forecast – July 28th
by Adam Solomon
Sterling / Euro and US Dollar
The Pound rallied to a fresh five-month high against the U.S Dollar this morning, while the UK currency also made strong gains versus the majority of the 16 most actively traded currencies. Sterling hit a high of 1.5575 in London, as global risk appetite continues to improve, diminishing [...]
| Tue, 27 Ju 2010 10
GBP-TRY Update, Turkish Lira
Turkish Lira Exchange Rate Forecast
by Jon Beddell
Foreign Currency Market Update – GBP / TRY Update
The much awaited European bank stress tests were completed on Friday. All major banks passed the tests including the four major UK banks that took part. Also giving the pound a boost on Friday was a strong second quarter GDP figure. Growth [...]
| Tue, 27 Ju 2010 10
GBP-NZD Update, New Zealand Dollar
New Zealand Dollar Exchange Rate Forecast
by Jon Beddell
Foreign Currency Market Update – GBP / NZD Update
The pound bounced by seven cents from July 13th to July 19th, but gave back those gains last week, making a new four week low on Thursday even as UK retail sales data for June beat expectations. Things looked a little better on Friday. [...]
| Tue, 27 Ju 2010 09
Daily Insight
Daily FX Forecast – The Euro rallies against the majors, amid improved investor confidence
by Adam Solomon
Sterling / Euro and US Dollar
The Pound took advantage of broad Dollar weakness yesterday, rising to the highest level in three months in London, after UK banks sailed through the European bank stress test. The UK currency has continued through $1.55 for the first time since April 16th, after the FSA said on [...]
| Tue, 27 Ju 2010 09
GBP-ZAR Update, South African Rand
South African Rand Exchange Rate Forecast
by Jon Beddell
Foreign Currency Market Update – GBP / ZAR Update
Sterling is still on the back foot here, failing to make any convincing breaks above the 11.75 resistance zone. We’ve been up to that level three times in the last three months, and failed on every occasion. Things looked a little better on [...]
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