currency news explains the main events and factors affecting the major exchange rates around the world including the Pound, Euro, US Dollar, Australian Dollar, New Zealand Dollar and Canadian Dollar. has partnered with TorFX to bring you competitve international money transfers. Sign up with TorFX today. Send money abroad with TorFX Currency Exchange the recommended money transfer company by

Latest Currency Headlines

Sterling (GBP) Knocked off Highs by Surprising Fall in UK Retail Sales - (19th January 2018)
Canadian Dollar (CAD) Plunges Despite Bank of Canada (BOC) Interest Rate Hike - (18th January 2018)
UK Inflation Fails to Inspire Sterling (GBP) Strength - (17th January 2018)
Pound Exchange Rates Falter Despite UK Inflation Falling Back to 3% - (16th January 2018)
‘Soft Brexit’ Hopes Fail to Boost Pound (GBP) against Strong Euro (EUR) - (15th January 2018)
European Central Bank (ECB) Teases With More Hawkish Stance - (12th January 2018)
NAFTA Concerns Lead to Canadian Dollar (CAD) Plummet - (11th January 2018)

More currency news: Visit exchange rate news archive

2nd November 2017 - Exchange Rates News written by TorFX for

2nd November 2017 News: Bank of England (BoE) Leaves Sterling Spiralling Lower

Pound Sterling (GBP)

Markit’s October construction PMI beat expectations and climbed to 50.8 this morning but the Pound failed to respond ahead of the BoE rate decision.

Although the central bank did in fact raise borrowing costs, as expected, the Pound tumbled after the decision as a result of the belief that future rate adjustments would be few and far between.

Sterling lost over 1% against all the majors in the wake of the rate announcement.

US Dollar (USD)

The Pound to US Dollar exchange rate dropped from its weekly highs on Thursday morning as investors became anxious about the Bank of England (BoE) decision and the US Dollar benefitted from Fed rate hike bets.

During Wednesday’s Federal Reserve policy meeting, Fed officials left monetary policy frozen as expected, and relieved markets by indicating that the door was open for rates to rise in December.

Euro (EUR)

The Pound to Euro exchange rate briefly hit its best levels in over four months on Wednesday thanks to strong UK data and disappointment about sliding Eurozone inflation.

Still, anxiety about the upcoming Bank of England (BoE) policy decision left the pair slipping on Thursday. On top of this, the Eurozone’s latest data has been relatively strong.

The German unemployment change figure beat expectations slightly by coming in at -11k, while Markit’s final October manufacturing PMIs for the bloc were mixed. Germany’s manufacturing stats beat expectations but the overall Eurozone print disappointed.

Australian Dollar (AUD)

The Pound to Australian Dollar exchange rate has tumbled since Wednesday morning. A lack of changes in the US Dollar outlook as well as Bank of England (BoE) uncertainty has left investors hungrier for risk-correlated currencies like the ‘Aussie’.

Australia’s latest trade balance results beat expectations too. Exports jumped from 1% to 3% in September, pushing the trade surplus from A$0.873b to a better-than-expected A$1.745b.

New Zealand Dollar (NZD)

The Pound to New Zealand Dollar exchange rate has shed almost all of this week’s gains after hitting a 2017 high on Tuesday night.

An impressive New Zealand Q3 job market report on Wednesday boosted the ‘Kiwi’ and ended the selloff that had been constant since the new Labour-NZ First Coalition came into power.

Some analysts noted that the ‘Kiwi’ was likely oversold, but the GBP/NZD exchange rate could still rise on Thursday evening if the Bank of England (BoE) hikes UK interest rates.

Canadian Dollar (CAD)

The Pound to Canadian Dollar exchange rate fell back from a four-month-high yesterday as demand for risk-correlated currencies rose and oil prices boosted the ‘Loonie’ further.

As oil is Canada’s most lucrative commodity, news that oil prices have been near two-year-highs over the last week has supported the oil-correlated Canadian Dollar.

Currency Exchange

Currency exchange coming soon... Click here to download the app for the Apple iPhone.