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Currency News - CAD

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)

Poloz Comments Leave CAD Static

Written by Laura Parsons on Wednesday, November 8, 2017. Currency News - Sterling / CAD

Yesterday’s high: C$1.6818 Yesterday’s low: C$1.6731 Canadian Dollar Mixed Despite Strong Oil Price News Prices of oil, Canada’s most lucrative commodity, have gone from strength to strength in recent weeks, but the benefit to the Canadian Dollar has been minimal. Yesterday the Canadian Dollar was feeling the pressure ahead of a speech from Bank of…(read more)

Canadian Dollar Volatility ahead on BOC Speech

Written by Mr R Beaumont on Tuesday, November 7, 2017. Currency News - Foremost Currency News - Sterling / CAD

Yesterday’s high: C$1.6756 Yesterday’s low: C$1.6671 GBP/CAD Gains thanks to Brexit-Based Optimism The Pound saw a 0.3% advance against the Canadian Dollar yesterday thanks to a speech from Prime Minister Theresa May. While Pound traders were initially rattled by news of a -12.2% decline in new car sales, reactions to the data were short-lived. The…(read more)

Can GBP/CAD Recover Last Week’s Losses?

Written by Mr R Beaumont on Monday, November 6, 2017. Currency News - Sterling / CAD

Friday’s high: C$1.6799 Friday’s low: C$1.6662 Strong Canadian Employment Change Boosts ‘Loonie’ A solid Canadian job report boosted demand for the Canadian Dollar at the end of the week and pushed GBP/CAD down to weekly lows. Canada’s participation rate improved from 65.6% to 65.7% in October, which made the unemployment rate worsen from 6.2% to…(read more)

GBP/CAD Plunges to Weekly Lows

Written by Mr R Beaumont on Friday, November 3, 2017. Currency News - Sterling / CAD

Yesterday’s high: C$1.7068 Yesterday’s low: C$1.6735 Pound Plummets on Bank of England News While the Bank of England (BoE) confirmed that it was hiking UK interest rates yesterday, the dovish tone the bank adopted left the Pound weaker against most majors, including the Canadian Dollar. The bank indicated that this was not the beginning of…(read more)

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