Foremost Currency Group

Make the most of your currency

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

Currency News - CAD

GBP/CAD Trends Lower Despite BoE Hinting at May Rate Hike

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

Last week’s high: C$1.8407 Last week’s low: C$1.8153 Hawkish BoE Fails to Support GBP The Pound failed to find any support against the Canadian Dollar last week despite some upbeat UK data and a hawkish outlook following the Bank of England’s latest policy meeting. While markets welcomed the signals from the bank over the possibility…(read more)

GBP/CAD Soars to Best Post-Brexit Levels on US Trade Concerns

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

GBP/CAD Soars to Best Post-Brexit Levels on US Trade Concerns Last week’s high: C$1.8290 Last week’s low: C$1.7740 Weak Canadian Dollar Helps GBP/CAD Reach Best Levels since 2016 Despite Brexit uncertainties weighing on the Pound, the Pound to Canadian Dollar exchange rate saw major gains of over 4 cents last week and on Friday the…(read more)

GBP/CAD Continues to be Rocked by US Trade Tariffs

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

Last week’s high: C$1.8041 Last week’s low: C$1.7758 US Trade Tariff Concerns Fuel Movement in CAD The Canadian Dollar found itself fluctuating against the Pound last week as markets continued to react to Trump’s plans to implement metal tariffs. With Canada being the largest source of US steel imports, this prompted many investors to shy…(read more)

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)

© Copyright 2013 to 2018 | Foremost Currency Group Ltd | All rights reserved