Canadian Data effecting Exchange rates This week the Canadian Dollar has started on the right foot, as the latest Housing Starts figures show there were more new houses starting construction than predicted. This was a minor release but gave the Loonie a well needed boost. The rest of the week is quiet as far as … Read more What is moving the exchange rates?
CAD down nearly 7% against pound The Canadian dollar has been the worst performing currency of 2015 so far. Over the past few weeks we have seen the GBP/CAD exchange rates move from around CAD$1.80 to highs of just over $1.92 mid market. This is largely due to falling oil prices, the Bank of Canada’s decision to lower interest … Read more Canadian dollar is worst performing currency of 2015
Minimal Canadian data The only data from Canada this week is the Bank of Canada’s business outlook survey, which is likely to have little effect on the market. With no other releases of note, movements in the GBP/CAD exchange rates are likely to be influenced by news from the UK. Inflation to fall The Bank of England expects inflation to … Read more UK inflation to fall below 1%
How are low oil prices effecting the Canadian dollar? You’d think it would be safe to assume that low oil prices would have a negative effect on the Canadian dollar, with the economy of Canada being so reliant on the industry. However, this may not be the case. The latest forecasts from the Bank of Canada … Read more Oil prices effecting the Canadian dollar
Canadian dollar rallies after BoC statement Yesterday the Bank of Canada (BoC) kept its interest rates on hold, meaning the benchmark has now stayed at 1% since September 2010. This is the longest period rates have been on hold for over 60 years. However, despite this news the Canadian dollar rallied against a basket of major … Read more Canadian dollar rallies
It looks like a busy week for the GBP/CAD exchange rates with some very important data out from both sides of the cross. In today’s report we will look at what will move the exchange rates, where they are heading and how global growth is effecting the Pound. UK economic growth changes course After the pound … Read more Growth in the UK gloomier
GBP to CAD exchange rates still on the rise The UK may have had a decline in average earnings today but this didn’t stop the Pound climbing against the Canadian Dollar when the latest claimant count figures show less people claiming unemployment related benefits and the Unemployment rate met expectations and fell to 6.5%. Canada had a … Read more GBP to CAD exchange rates and movements