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Currency News - CAD

Mixed Data Keeps Canadian Dollar on its Toes

Written by Michael Vaughan on Monday, December 18, 2017. Currency News - Sterling / CAD

Last week’s high: C$1.7282 Last week’s low: C$1.7015 Canadian Dollar Investors Relieved Following Poloz Speech The Pound to Canadian Dollar (GBP/CAD) exchange rate fluctuated for most of last week as a weak Canadian Dollar was unable to capitalise on the Pound’s woes. Sterling saw support from decent UK data earlier in the week, but towards…(read more)

Canadian Dollar Falls from Last Week’s Best Levels

Written by Michael Vaughan on Tuesday, December 12, 2017. Currency News - Sterling / CAD

Last week’s high: C$1.7371 Last week’s low: C$1.6922 GBP/CAD Sheds Gains The Pound to Canadian Dollar exchange rate recorded notable gains last week as the Pound benefitted from news that the first phase of Brexit negotiations had ended in an exit deal, while the Canadian Dollar was weakened by a cautious tone from the Bank…(read more)

GBP/CAD Rate could Dip on Slowing UK Services Sector

Written by Michael Vaughan 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 Michael Vaughan 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 Michael Vaughan 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 Michael Vaughan 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 Michael Vaughan 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 Michael Vaughan 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 Michael Vaughan 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 Michael Vaughan 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)

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