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Currency News - CAD

Can ‘Loonie’ Strength Keep GBP/CAD Near Five-Month-Low?

Written by Mr R Beaumont on Tuesday, July 25, 2017. Currency News - Sterling / CAD

Yesterday’s high: C$1.6366 Yesterday’s low: C$1.6270 Canadian Dollar Strong Despite Oil Uncertainty The Pound to Canadian Dollar exchange rate was unable to sustain a recovery on Monday, instead trending near its worst levels since February 2017 as the ‘Loonie’ held its ground against a weak Pound. This was despite uncertainty about the oil price outlook,…(read more)

Canadian Dollar Strengthens on Retail Sales Results

Written by Mr R Beaumont on Monday, July 24, 2017. Currency News - Sterling / CAD

Last week’s high: C$1.6606 Last week’s low: C$1.6254 GBP/CAD Hits 5-Month Low The Canadian Dollar romped higher at the close of last week, with GBP/CAD falling to a five-month low, following the release of upbeat domestic data. Canadian retail sales stats revealed a 0.6% increase in consumer spending in May, beating expectations for a reading…(read more)

GBP/CAD Softens Ahead of Canadian Inflation Data

Written by Mr R Beaumont on Friday, July 21, 2017. Currency News - Sterling / CAD

Yesterday’s high: C$1.6444 Yesterday’s low: C$1.6291 GBP/CAD Exchange Rate Driven Lower in spite of Retail Rebound Even though US crude oil inventories were found to have fallen further than forecast on the week, the report was not enough to significantly boost the Canadian Dollar. Seasonal factors are thought to be the primary cause of the…(read more)

Could UK Retail Sales Boost GBP/CAD from Lows?

Written by Mr R Beaumont on Thursday, July 20, 2017. Currency News - Sterling / CAD

Yesterday’s high: C$1.6464 Yesterday’s low: C$1.6365 Canadian Dollar Supported by Higher Oil Prices The Pound to Canadian Dollar exchange rate failed to recover from this week’s lows with the Canadian Dollar deriving support from rising oil prices and solid domestic data. As oil is Canada’s biggest commodity export, news that US crude oil stocks had…(read more)

Will GBP/CAD Recover from Tuesday Plunge?

Written by Mr R Beaumont on Wednesday, July 19, 2017. Currency News - Foremost Currency News - Sterling / CAD

Yesterday’s high: C$1.6612 Yesterday’s low: C$1.6373 Canadian Dollar Benefits from Pound Selloff GBP/CAD plummeted yesterday as investors sold off the Pound in reaction to the latest UK inflation results. UK inflation was expected to remain at a high 2.9% in June but instead slowed to 2.6% year-on-year. This shifted Bank of England (BoE) policy speculation,…(read more)

Will GBP/CAD Keep Recovering Losses?

Written by Mr R Beaumont on Tuesday, July 18, 2017. Currency News - Foremost Currency News - Sterling / CAD

Yesterday’s high: C$1.6586 Yesterday’s low: C$1.6495 Rising Oil Prices Fail to Keep CAD Buoyed The Canadian Dollar fell from a 14-month high against the US Dollar and failed to retain its recent strength against the Pound on Monday despite oil prices remaining firm. Oil futures were able to retain last week’s gains thanks to a…(read more)

Will GBP/CAD Keep Recovering Losses?

Written by Mr R Beaumont on Monday, July 17, 2017. Currency News - Sterling / CAD

Last week’s high: C$1.66 Last week’s low: C$1.63 Bank of Canada (BoC) Rate Hike Sends CAD soaring After plummeting in the wake of the Bank of Canada’s (BoC) decision to raise interest rates, the GBP/CAD exchange rate was able to bounce back from a four-month low before the weekend as oil prices slipped and a…(read more)

CAD drops after poor oil numbers

Written by David Bayliss on Thursday, July 13, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / CAD

David 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…(read more)

Sterling/CAD Forecast

Written by Jimi Boake on Wednesday, July 12, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / CAD

Written by: Jimi Boake Currency Broker T: 01442 892 060 GBP/CAD weakened over the latter course of yesterday’s trading session, following a speech by MPC member Broadbent. The markets had been anticipating news surrounding an interest hike but Broadbent declined to comment thus compounding sterling’s recent woes to bring the rates from 1.6650 to 1.6540…(read more)

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