What is moving the Canadian Dollar exchange rates?

Written by: Richard Beaumont T: 01442 892 060 E: [email protected] It has been a very volatile year so far for global exchange rates and the Sterling to Canadian Dollar cross has been no exception. In today’s report, let’s look at what data releases and events may effect the exchange rates this week.   GBP/CAD Graph … Read more What is moving the Canadian Dollar exchange rates?

Canadian Dollar struggled

Canadian Dollar struggled to gain ground against counterparts Over the past month the Canadian Dollar has struggled to make any real ground against the US Dollar or Sterling. The GBP/CAD exchange rates have risen from lows of 1.8739 to highs above 1.92, making it alt cheaper to but the Canadian Dollar. Putting this in monetary … Read more Canadian Dollar struggled

Sterling falls against the Loonie

23rd March 2015 Sterling falls off as the week opens As the markets opened today, the GBP/CAD exchange rate began to drop off, making it more expensive to buy the Canadian Dollar. The main cause for this was the latest Industrial Orders figures from the UK. These were forecast to show a large increase but the actual figures … Read more Sterling falls against the Loonie

Canadian dollar rallies

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

Canada keeps interest rates on hold

UK data affecting exchange rates Today we had the release of the latest services PMI data from the UK. It came in above the forecast of 56.6 at 58.6, which showed greater expansion than previously predicted. Sterling started to climb against the Loonie following this announcement, with GBP/CAD exchange rates rising to highs of CAD$1.7885. We then had the … Read more Canada keeps interest rates on hold

Canadian data boosts the Loonie

Canadian data strengthens the Loonie The Loonie had a good run to end the week with Canadian data beating expectations. After the bad run from sterling, following Mr Carney’s dovish comments earlier in the week suggesting the Bank of England (BoE) would keep interest rates on hold a lot longer than previously expected, the GBP/CAD … Read more Canadian data boosts the Loonie

Sterling Boosted by Manufacturing

Sterling starts the week strong Sterling has started the week strong with the latest manufacturing sales coming out above the forecast. This is important for the pound as the BoE has pushed back plans to raise interest rates recently, so any inflation data will be watched closely for signs of the UK economy improving. This … Read more Sterling Boosted by Manufacturing

Growth in the UK gloomier

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 rate movements

What is affecting my GBP to CAD purchase? With no data of note out from the UK for the second half of the week, all movements in the GBP to CAD exchange rates are likely to come off the back of news from Canada rather than the UK. Today we had foreign securities purchases. This shows the total value of … Read more GBP to CAD exchange rate movements