Euro Edges Higher on European Central Bank (ECB) Tone, US Dollar Slips as US Inflation Misses Expectations

Pound News: Sterling Static after BoE Decision Investors had little reason to move on the Pound on Thursday, as this week’s Brexit news continued to offer the British currency some support while the latest Bank of England (BoE) news had little impact. This left Sterling to be driven by the strength of major rivals instead. As was widely expected, the … Read more Euro Edges Higher on European Central Bank (ECB) Tone, US Dollar Slips as US Inflation Misses Expectations

Barnier’s Fresh Brexit Comments Boost Pound, Risk-Sentiment Remains Low

Pound News: Pound Bullish on Signs of Brexit Progress Most of the Pound’s gains last week came about as a result of comments from EU Chief Negotiator Michel Barnier, regarding progress in UK-EU negotiations. Barnier gave the Pound yet another boost on Monday, as he said it would be ‘realistic’ to expect that a UK-EU deal could be reached within the … Read more Barnier’s Fresh Brexit Comments Boost Pound, Risk-Sentiment Remains Low

CAD rates of exchange

CAD rates of exchange It has been a choppy ride for the Sterling to Canadian Dollar exchange rates lately, with mid market prices fluctuating between highs just below 1.75 to lows just above 1.67, in just the last couple of weeks. To put this into monetary terms, a typical transfer of £200,000 would see you … Read more CAD rates of exchange

EUR/CAD rises after first round of the French election

On Sunday we saw the results of the first round of the French election. This put the outsider Macron well ahead of the Far left, Marine Le pen, which was seen as good news for the Euro. A Le Pen victory could possibly put an end to the single currency. As markets opened the EUR/CAD … Read more EUR/CAD rises after first round of the French election

An eventful 24 hours for the Loonie

It has been an eventful day in the currency markets with various political and economical events changing the price you pay for your currency. GBP/CAD has risen this afternoon to highs of 1.6470, mid market. USD/CAD fell following comments from the Fed to lows around 1.3280. After the initial fall following news from the US, … Read more An eventful 24 hours for the Loonie

This week’s CAD forecast

As you can see from the graph below, it has been a choppy start to the week for the Sterling to Canadian Dollar cross. Data has actually been thin on the ground today, with only some minor releases from Europe and the US. At the risk of sounding like a broken record, today’s movements were … Read more This week’s CAD forecast

CAD News for the Day

Written by: Richard Beaumont T: 01442 892 060 There was a lack of any Canadian data out yesterday but this didn’t stop the exchange rates moving as speech by BoE Gov Carney weakened the Pound. Today the only release of note will be Crude Oil Inventories from the US. This is forecast to show expansion … Read more CAD News for the Day

Interest rates are the lowest in the Bank of England’s 322 year history

Canadian Dollar exchange rates As you will see from the Graph below the Sterling to Canadian Dollar exchange rates have taken a tumble today, making it a lot more expensive to by the Loonie. In today’s report, let’s look at what has caused these movements and what you can do minimise the damage, if you … Read more Interest rates are the lowest in the Bank of England’s 322 year history

Will the UK cut interest rates and how will it affect my currency purchase?

Will the UK cut interest rates and how will it affect my currency purchase? Sterling to Canadian Dollar exchange rates are trading up around two points at 1.75 today. With a quiet week for Canadian Data this week, let’s look at the factors from overseas affecting the price you pay for your currency. GBP/CAD graph … Read more Will the UK cut interest rates and how will it affect my currency purchase?