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CAD drops after poor oil numbers

David Bayliss Currency Broker - Pound witnesses positive moves ahead of General ElectionDavid Bayliss
Currency Broker
T: 01442 892067

The Canadian Dollar suffered a volatile day against the Pound yesterday seeing swings of over 3 cents between the high and the low of the day.

Starting the day’s trading in the high 1.65’s before breaking 1.66, finishing the day languishing in the high 1.63’s. This move can be attributed to both sides of the cross, the UK published better than expected jobs data boosting the Pound in the process before the afternoon’s Crude Oil Inventories dismal figures effecting all CAD crosses bringing down the loonies value. EUR/CAD suffered a similar fate moving 3 cents to finish the day in the low 1.45’s.

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David Bayliss
Currency Broker
T: 01442 892067

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