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Currency News - CAD

GBP/CAD Hits Two-Month-High Ahead of Brexit Speech

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

Yesterday’s high: C$1.6713 Yesterday’s low: C$1.6636 Risk-Aversion Keeps Canadian Dollar Under Pressure Despite some better-than-expected Canadian ecostats on Thursday, the Pound to Canadian Dollar exchange rate continued to climb. Canada’s July wholesale sales report was forecast drop from -0.5% to -0.9%, but instead improved to 1.5%. Due to higher bets that the Federal Reserve will…(read more)

Pound to Canadian Dollar Rate Volatile after Strong UK Retail Sales

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

Yesterday’s high: C$1.6692 Yesterday’s low: C$1.6554 GBP/CAD Rate Trended Tightly on Rampant BoE Speculation Despite a set of forecast-beating UK retail sales figures yesterday morning, the Pound only managed to make minor gains against the Canadian Dollar. Sterling was limited in its advance by underlying worries about the Bank of England (BoE). While higher retail…(read more)

GBP/CAD Remains near Week’s Opening Levels

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

Yesterday’s high: C$1.6672 Yesterday’s low: C$1.6559 Canadian Dollar Fluctuates on Fears of Overvaluation Despite the Pound’s weakness in recent sessions, the GBP/CAD exchange rate briefly hit a two-month-high on Tuesday morning due to mixed sentiment towards the Canadian Dollar. The Canadian Dollar weakened on Monday night as investors digested the latest comments from Bank of…(read more)

GBP/CAD Slides on Concern over Brexit Split in Cabinet

Written by Mr R Beaumont on Tuesday, September 19, 2017. Currency News - Sterling / CAD

Yesterday’s high: C$1.6580 Yesterday’s low: C$1.6497 Sterling Sentiment Tumbles Following Carney Speech The Pound came under some early pressure on Monday as Foreign Secretary Boris Johnson caused a stir by repeating claims that the UK will be £350m a week better off outside of the EU. Sterling’s attempts to recover in the afternoon were also…(read more)

Can GBP/CAD Continue Last Week’s Rally?

Written by Mr R Beaumont on Monday, September 18, 2017. Currency News - Sterling / CAD

Yesterday’s high: C$1.6558 Yesterday’s low: C$1.6289 Sterling Surged on Hopes of Higher Interest Rates After a middling start last week, the Pound was able to rise rapidly against the Canadian Dollar before the weekend. On Friday, trader optimism was so high that the Pound was up 1.5%. This was caused by Bank of England (BoE)…(read more)

Could GBP/CAD Continue to Advance on UK rate hike bets?

Written by Mr R Beaumont on Friday, September 15, 2017. Currency News - Sterling / CAD

Yesterday’s high: C$1.6325 Yesterday’s low: C$1.6062 Strong Canadian Dollar Limits GBP/CAD Gains A seemingly hawkish tone from the Bank of England’s (BoE) September policy decision left Sterling far stronger yesterday and the pair hit its best levels since August. GBP/CAD surged when the BoE indicated that UK monetary policy could be tightened at a faster…(read more)

GBP/CAD Slides as UK Wage Growth Remains Flat

Written by Mr R Beaumont on Thursday, September 14, 2017. Currency News - Sterling / CAD

Yesterday’s high: C$1.6211 Yesterday’s low: C$1.6083 Sterling Tumbles as Real Wage Gap Increases The Pound slumped against the majority of its peers yesterday as the UK published its latest employment data, with investors disappointed to see that the accompanying wage growth data failed to show a rise above 2.1% in July. With the UK’s CPI…(read more)

GBP/CAD Surges as UK Inflation Beats Expectations

Written by Mr R Beaumont on Wednesday, September 13, 2017. Foremost Currency News - Sterling / CAD

Yesterday’s high: C$1.6126 Yesterday’s low: C$1.5936 Pound Rockets Higher Against the Canadian Dollar as CPI Figures Impress The Pound leapt by around half a cent against the Canadian Dollar on Tuesday following the release of the UK’s latest CPI data as inflation surged from 2.6% to 2.9% in August, matching the four-year high struck in…(read more)

Will the Canadian Dollar Remain Robust?

Written by Mr R Beaumont on Tuesday, September 12, 2017. Currency News - Sterling / CAD

Yesterday’s high: C$1.6048 Yesterday’s low: C$1.5982 Canadian Dollar Advances Despite Oil Price Drop The Pound to Canadian Dollar exchange rate was one of the few major Pound pairs that dropped last week due to surprise at the Bank of Canada’s (BOC) September interest rate hike. The Canadian Dollar remained strong on Monday despite Sterling’s continued…(read more)

CAD/GBP Outlook: BoE Decision Due

Written by Mr R Beaumont on Monday, September 11, 2017. Currency News - Sterling / CAD

Friday’s high: C$1.6035 Friday’s low: C$1.5836 Falling Full-Time Employment Weighed on Canadian Dollar Although Canadian unemployment fell from 6.3% to 6.2% on Friday, the Canadian Dollar still closed trading down by -1% against the Pound. This was partly because of the fine detail behind the Canadian jobs figures. Participation remained unchanged in August, but full-time…(read more)

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