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Currency News - CAD

GBP/CAD Fluctuates on Brexit, US Tariff Concerns

Written by Alastair Archbold on Monday, March 5, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.7794 Last week’s low: C$1.76246 Brexit Concerns Undermine Sterling’s Advance While the Pound was ultimately able to advance against the Canadian Dollar last week, it suffered some setbacks along the way due to rising Brexit uncertainty. This was mainly prompted by Theresa May’s rejection of the EU’s draft Brexit agreement, with markets…(read more)

GBP/CAD Dips as Canadian Inflation Rises

Written by Alastair Archbold on Monday, February 26, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.7776 Last week’s low: C$1.7557 Canadian Dollar Gains as Inflation Data Boosts Forecasts As the week drew to a close the Pound Sterling to Canadian Dollar (GBP/CAD) exchange rate fell in reaction to an unexpectedly strong inflation data from Canada. Inflation jumped by 0.7% on the month (rather than the 0.5% expected)…(read more)

GBP/CAD Advances as UK Inflation Holds Steady

Written by Alastair Archbold on Monday, February 19, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.7309 Last week’s low: C$1.7557 Sterling Bolstered by UK Inflation Figures The Pound advanced against the Canadian Dollar last week as the UK published its latest Consumer Price Index (CPI). Sterling sentiment rose as inflation was shown to have held at 3% in January, with markets speculating that this would increase the…(read more)

GBP/CAD Could Fall Further if Brexit Concerns Persist

Written by Alastair Archbold on Monday, February 12, 2018. Currency News - Sterling / CAD

Yesterday’s high: C$1.7659 Yesterday’s low: C$1.7364 GBP/CAD Slips Despite Disappointing Canadian Data Despite a lack of impressive Canadian ecostats in recent weeks, the Pound to Canadian Dollar exchange rate has been unable to advance as Brexit uncertainties and UK growth concerns weigh heavily on the Pound. GBP/CAD trended over a cent below the week’s opening…(read more)

GBP/CAD Bolstered by Carney Comments

Written by Alastair Archbold on Monday, February 5, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.7309 Last week’s low: C$1.7557 CAD Supported by GDP, Manufacturing Data The Pound climbed against the Canadian Dollar last week as Bank of England (BoE) Governor Mark Carney hinted that in light of the UK’s latest economic performance the bank would be revising up its growth forecasts this year. However the Pound…(read more)

GBP/CAD Bolstered by Upbeat UK Data

Written by Alastair Archbold on Monday, January 29, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.6625 Last week’s low: C$1.6381 CAD Slides as Retail Sales, Inflation Slides The GBP/USD exchange rate was able to push higher last week on the back of some upbeat economic data from the UK, with the Pound seeing particularly strong gains on Wednesday on the back of the latest employment figures. Sterling…(read more)

Canadian Dollar (CAD) Recovers from Worst Levels

Written by Alastair Archbold on Monday, January 22, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.7329 Last week’s low: C$1.7077 Canadian Dollar Bearishness Fades despite NAFTA Fears After plummeting in the middle of last week as the Bank of Canada (BOC) adopted a dovish tone in its first interest rate announcement of 2018, Canadian Dollar (CAD) exchange rates were able to stabilise before the weekend. On Wednesday,…(read more)

BOC Interest Rate Hike Fails to Support Canadian Dollar

Written by Tom Taylor on Thursday, January 18, 2018. Currency News - Sterling / CAD

Pound News: BoE Optimism Boosts Sterling Comments from Bank of England (BoE) policymaker Michael Saunders encouraged the Pound (GBP) to recover some ground on Wednesday. Although Saunders stressed that any future interest rate increase is likely to be limited and gradual investors were still encouraged by his optimistic assessment of the outlook for UK wage…(read more)

BoC Decision Ahead, GBP/CAD Exchange Rate Dips

Written by Alastair Archbold on Monday, January 15, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.7147 Last week’s low: C$1.6781 Canadian Dollar Tumbles as NAFTA Concerns Take Hold The Pound to Canadian Dollar exchange rate was able to close last week on a high. While traders had little reason to buy the Pound amid Brexit concerns and mixed UK ecostats for the first half of the week,…(read more)

Canadian Dollar Outlook Improves after Impressive Jobs Data

Written by Alastair Archbold on Monday, January 8, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.7041 Last week’s low: C$1.6770 GBP/CAD Plunges on Impressive Canadian Data The Pound to Canadian Dollar exchange rate saw largely flat trade last week, trending closely below the week’s opening levels due to a lack of market appetite for the Pound amid long-term concerns about Britain’s economic outlook during the Brexit process….(read more)

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