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Currency News - CAD

GBP/CAD Rate could Dip on Slowing UK Services Sector

Written by Mr R Beaumont on Monday, December 4, 2017. Currency News - Sterling / CAD

Last Week’s high: C$1.7463 Last Week’s low: C$1.6921 High Hopes for Brexit Breakthrough sent GBP/CAD Rate Soaring While GBP/CAD declined sharply at the end of the week, the pairing had previously been riding high on growing hopes of a breakthrough in Brexit negotiations. OPEC oil producers agreed to extend production cuts last week, which bumped…(read more)

GBP/CAD Fluctuates after BOC Commentary

Written by Mr R Beaumont on Wednesday, November 29, 2017. Currency News - Sterling / CAD

Yesterday’s high: C$1.7036 Yesterday’s low: C$1.6941 Sterling Pressured by Concerning UK Outlook The Pound to Canadian Dollar exchange rate fluctuated on Tuesday as Sterling was weakened by the concerning domestic outlook while the Canadian Dollar was influenced by Bank of Canada (BOC) news. Sterling saw relatively limp trade for most of the day. Investors have…(read more)

Slipping Oil Prices Help Pound Advance vs. Canadian Dollar

Written by Mr R Beaumont on Tuesday, November 28, 2017. Currency News - Sterling / CAD

Yesterday’s high: C$1.7000 Yesterday’s low: C$1.6921 GBP/CAD Edges Higher The Pound advanced slightly against the Canadian Dollar on Monday as the Canadian Dollar was unable to hold its ground amid recent underwhelming Canadian data and slipping commodity prices. While Sterling’s strength was limited and largely revolved around anticipation for potential Brexit developments in the coming…(read more)

Canadian Growth Concerns Help GBP/CAD Advance

Written by Mr R Beaumont on Monday, November 27, 2017. Currency News - Sterling / CAD

Yesterday’s high: C$1.6987 Yesterday’s low: C$1.6905 Canadian Dollar Remains Weak on Canadian Growth Outlook Thursday’s Canadian retail sales stats left an impression on Canadian Dollar traders and since then the Pound to Canadian Dollar exchange rate has had an easier time holding its gains. Canada’s September retail sales report was forecast to improve from -0.3%…(read more)

Canadian Dollar Slips as Canadian Retail Sales Disappoint

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

Yesterday’s high: C$1.6935 Yesterday’s low: C$1.6860 GBP/CAD Avoids Losses on Poor Canadian Retail Stats Canada’s economic outlook took a hit on Thursday afternoon, as the nation’s latest retail sales report came in well short of expectations and indicated that growth in Canada was likely to slow towards the end of the year. September’s Canadian retail…(read more)

Will GBP/CAD Struggle on Disappointing Investment Stats?

Written by Mr R Beaumont on Thursday, November 23, 2017. Currency News - Sterling / CAD

Will GBP/CAD Struggle on Disappointing Investment Stats? Yesterday’s high: C$1.6936 Yesterday’s low: C$1.6841 UK Budget left GBP/CAD Fluctuating Yesterday’s main event, the Autumn Budget statement, had a mixed impact on the Pound. Sterling fluctuated when Chancellor Philip Hammond made his announcements, which included reduced growth forecasts and the removal of stamp duty for first-time buyers….(read more)

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)

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