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Currency News - CAD

Pound falls against the Canadian Dollar

Written by Mr R Beaumont on Tuesday, May 16, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / CAD

Today we saw the latest inflation numbers form the UK, with Consumer Price index coming in above forecast at 2.7%. Despite this we have still seen the GBP/CAD exchange rates fall away. There are two main reasons for the fall in rates, the first being the recovering oil market. Black Gold is Canada’s largest export…(read more)

EUR/CAD remains around 1.50 following French election

Written by Mr R Beaumont on Monday, May 8, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / CAD

The much anticipated French election has caused a great deal of volatility lately, as popularity swung between the main parties. As we approached the eleventh hour, it was becoming clear that the Far Right Party and Le Pen, was trailing behind her rival Emmanuel Macron. Macron was seen as the safer candidate, as Le Pen…(read more)

Canadian unemployment down

Written by Mr R Beaumont on Friday, May 5, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / CAD

Today’s employment figures were good news for the Canadian Dollar, helping it claw back some of the recent lost ground against all its major counterparts. Employment numbers actually missed forecast but the Unemployment rate showed a fall to 6.5%. This stopped the advances of the Pound and Euro and caused the USD/CAD exchange rates to…(read more)

GBP-CAD rises over 10 points

Written by Mr R Beaumont on Friday, April 28, 2017. Currency Market Watch - Currency News - Sterling / CAD

As you can see from the graph below, the Sterling to Canadian Dollar exchange rates have seen a huge rise of over 10 points from 1.66 to 1.76 over the course of the 2 weeks. To put this movement into perspective a typical purchase of $250,000 CAD would cost you around £9000 less today than…(read more)

Sterling to Canadian Dollar pushes through 1.70

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

Following the Bank Holiday weekend, Sterling has seen huge strength today pushing GBP/CAD exchange rates through the 1.70 level for the first time since November last year. If you would like to take advantage of these gains, open a free, no obligations trading facility today. GBP/CAD exchange rate graph Shock election news A surprise announcement…(read more)

CAD rates climb

Written by Mr R Beaumont on Thursday, April 6, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / CAD

Over the past 24 hours the Sterling to Canadian Dollar exchange rates have risen from 1.6650 to highs around 1.68 mid market. To put this movement into monetary terms, a typical purchase of $200,000 CAD would cost you over £1,000 less today, than the same time yesterday. USD/CAD and EUR/CAD both rose around half a…(read more)

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