Foremost Currency Group

Make the most of your currency

Talk to our friendly team:+44 (0)1442 892060

Currency News - CAD

GBP/CAD Sheds Most of Monday’s Gains

Written by Mr R Beaumont on Wednesday, November 22, 2017. Currency News - Sterling / CAD

Yesterday’s high: C$1.7006 Yesterday’s low: C$1.6885 Commodity Data Supports Risky Currencies Demand for risky currencies like the Canadian Dollar increased on Tuesday, as prices of key commodities strengthened. Prices of oil, Canada’s most lucrative commodity, increased in anticipation of a key oil producer meeting due to take place next week. Major oil exporters are expected…(read more)

Will GBP/CAD Rate Drop on UK borrowing Data?

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

Yesterday’s high: C$1.6957 Yesterday’s low: C$1.6868 Pound Rallied on Signs of Brexit Breakthrough Yesterday saw the Pound rise by 0.6% against the Canadian Dollar, although this was mainly due to speculation about Brexit. The assumption was that the government would do as suggested by Philip Hammond and offer to pay more for the UK-EU ‘exit…(read more)

Rising Canadian Core Inflation Fails to Boost CAD

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

Friday’s high: C$1.6923 Friday’s low: C$1.6811 Canadian Inflation Report Meets Forecasts The Pound to Canadian Dollar exchange rate sustained around a cent in gains last week, as Sterling continued to advance while domestic Canadian data failed to boost demand for the ‘Loonie’. Demand for the risky Canadian Dollar was also held back by poor commodity…(read more)

GBP/CAD Near Best Levels since Beginning of November

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

Yesterday’s high: C$1.6847 Yesterday’s low: C$1.6786 Canadian Dollar Remains Weak Amid Risk-Off Movement Falling oil prices and a lack of market appetite for risk have left the Canadian Dollar weak since Monday. This has helped the Pound to Canadian Dollar exchange rate to advance despite mixed UK data in recent sessions. Sterling was also bolstered…(read more)

Are further Gains Ahead for GBP/CAD?

Written by Mr R Beaumont on Thursday, November 16, 2017. Currency News - Sterling / CAD

Yesterday’s high: C$1.6845 Yesterday’s low: C$1.6721 Pound Continues to Climb Despite Job Market Concerns While the latest UK job market report continued this week’s trend of underwhelming UK data, the Pound still saw some support towards the end of Wednesday’s European session thanks to fresh comments from Bank of England (BoE) Deputy Governor Ben Broadbent….(read more)

Will UK Earnings Start to Close Gap on Inflation?

Written by Laura Parsons on Wednesday, November 15, 2017. Currency News - Sterling / CAD

Yesterday’s high: C$1.6751 Yesterday’s low: C$1.6633 GBP/CAD Advance Down to Sliding Crude Prices The Pound fell against the Canadian Dollar for most of Tuesday, only seeing a recovery late in the afternoon. Initial losses stemmed from the morning’s UK inflation figures, which showed no change from 3% in October. As the result supports the Bank…(read more)

Will GBP/CAD Recover from Monday Plunge?

Written by Laura Parsons on Tuesday, November 14, 2017. Currency News - Sterling / CAD

Yesterday’s high: C$1.6735 Yesterday’s low: C$1.6596 UK Political Concerns cause Pound Losses Investors sold the Pound on Monday, causing the currency to slide against the majors. Sterling was sold in reaction to weekend reports that a significant number of Conservative MPs have no confidence in UK Prime Minister Theresa May. Investors have become concerned that…(read more)

GBP/CAD Ends Week Higher on Brexit Outlook

Written by Mr R Beaumont on Monday, November 13, 2017. Currency News - Sterling / CAD

Friday’s high: C$1.6775 Friday’s low: C$1.6636 Canadian Dollar Fails to Hold Ground against Stronger Sterling Towards the end of last week, risk-sentiment faded as oil prices dropped from their highs and investors became uncertain about the US tax reform outlook. This made risk-correlated currencies like the Canadian Dollar relatively unappealing. This meant easy gains for…(read more)

GBP/CAD Slips to Fortnightly Low

Written by Mr R Beaumont on Friday, November 10, 2017. Currency News - Sterling / CAD

Yesterday’s high: C$1.6725 Yesterday’s low: C$1.6640 Canadian Dollar Continues Climbing Investors found the Canadian Dollar more appealing on Thursday as the currency was buoyed by recent strong oil price news and expectations that domestic monetary policy would continue to be tightened over the next year. This meant CAD easily advanced against a Pound softened by…(read more)

Canadian Dollar Recovers as BOC Governor Less Dovish than Feared

Written by Laura Parsons on Thursday, November 9, 2017. Currency News - Sterling / CAD

Yesterday’s high: C$1.6816 Yesterday’s low: C$1.6664 GBP/CAD Could Continue Falling on UK Political Fears The Pound to Canadian Dollar exchange rate tumbled on Wednesday as investors became anxious about domestic political uncertainties in Britain. Multiple high-ranking officials in the UK government have recently resigned from their posts due to scandal, causing fears that UK Prime…(read more)

© Copyright 2013 to 2017 | Foremost Currency Group Ltd | All rights reserved