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

14th February 2017 - Exchange Rates News written by TorFX for

14th February 2017 News: UK Inflation Disappoints Traders, Sterling (GBP) Slumps

Pound Sterling (GBP)

Sterling advanced against most major currencies on Monday as last week's UK data continued reassuring traders that the Pound was a good buy.

This was despite the European Commission (EC) stating that it believed that UK economic growth would slow in 2017 and slow further in 2018 as the Brexit process creates uncertainty in the nation.

Investors also firmed on the Pound ahead of Tuesday's UK Consumer Price Index (CPI) report. However, as Britain's year-on-year inflation score came in at 1.8% instead of the expected 1.9%, hopes of tighter monetary policy from the Bank of England (BoE) faded and the Pound slumped.

US Dollar (USD)

The Pound to US Dollar exchange rate edged higher during Monday's session as last week's UK trade and private sector data continued lending GBP support.

Meanwhile, a lack of fresh US data on Monday left demand for the 'Greenback' limited. The currency benefitted from the day's 'safe haven' rally but was unable to overpower the Pound. However, the US Dollar could broadly strengthen if Wednesday's US inflation report beats expectations. The figure is already expected to come in at a four-year-high of 2.4%.

Euro (EUR)

Ongoing fears that populist politics like nationalism could continue to rise in the Eurozone this year allowed the Pound to Euro exchange rate to register easy gains on Monday. Investors will look to protect their assets from Euro losses if France, The Netherlands or Germany votes for a leader that could withdraw a nation from the Eurozone. With Italy also potentially having an early election in 2017, political upheaval is one of the greatest risks to the Euro this year.

However, demand for the Euro improved slightly on Tuesday. Investors bought the shared currency from its Monday lows as German inflation came in as projected at 1.9% year-on-year.

While the rate of German growth was slower in Q4 2016 than predicted, it was still widely in line with predictions, which improved Euro demand. Italian growth was a similar story, missing Q4 expectations.

Eurozone stats also disappointed. ZEW's economic sentiment print slipped to 17.1 and Eurozone GDP for Q4 was unable to improve to 1.8% year-on-year, remaining at 1.7%. Despite this, GBP/EUR weakened on Tuesday as traders bought the Euro from its lows and sold Sterling on UK inflation disappointment

Australian Dollar (AUD)

The Pound to Australian Dollar exchange rate surged on Monday as demand for risk-correlated currencies was notably low throughout the day.

Expectations throughout the market that US President Trump would soon be introducing tax reform policies has left investors hesitant to firm on riskier currencies like the 'Aussie'.

However, demand for the Australian Dollar improved following Tuesday's Asian session as January's business confidence prints from NAB saw solid improvements. The gauge of conditions rose from 11 to 16, while confidence climbed from 6 to 10.

New Zealand Dollar (NZD)

The Pound to New Zealand Dollar exchange rate sustained around a cent in gains during Monday trade due to low risk-sentiment in the forex market.

Tuesday's New Zealand data was unable to support the risky 'Kiwi'. January's house sales report from REINZ worsened from -10.7% to 14.7%, which weighed on the New Zealand Dollar and prevented it from recovering from Monday's lows.

Canadian Dollar (CAD)

The Pound to Canadian Dollar exchange rate failed to sustain any notable gains throughout Monday as demand for the 'Loonie' improved during the day's American session.

OPEC's monthly oil report was generally optimistic. The group expects oil to see solid demand throughout 2017 despite ongoing glut concerns.

Canadian Dollar traders were also reassured by the day's meeting between US President Trump and Canadian Prime Minister Justin Trudeau. The meeting appears to have gone smoothly which was seen as a plus for the 'Loonie'.

Disclaimer: This update is provided by TorFX, a leading foreign exchange broker, its content is authorised for reuse by affiliates.

Currency Exchange

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