GBP to CAD is still climbing Today we have seen a choppy days trading but the GBP to CAD is still climbing. In todays report, lets look at what is causing today’s volatility and where the exchange rates may be heading. GBP – CAD Graph UK Services data Today we had the latest Services PMI … Read more GBP to CAD is still climbing
Written by: Richard Beaumont T: 01442 892 060 After a very volatile April in the currency markets, the Canadian Dollar strengthened against both the USD and GBP. This was mainly caused by events overseas, rather than news or data from Canada. Firstly, Canada, as well as many other commodity based economies, had been badly effected by … Read more GBP to CAD forecast May 2016
Written by: Richard Beaumont T: 01442 892 060 Pound to Canadian Dollar forecast Today has seen the GBP/CAD exchange rates start the day just above 1.81 before rising over a point to 1.8275 at the highs. If you are buying a property abroad, even a normal daily movement like this, can have a large effect … Read more Pound to Canadian Dollar forecast April 2016
Written by: Richard Beaumont T: 01442 892 060 CAD exchange rates effected by oil price recovery The Canadian economy, along with other commodities reliant countries have been suffering for some time with the low oil and energy prices. Oil is Canada’s largest export and since the price of oil has dropped below $28 a barrel in January, the price of the … Read more CAD exchange rates
Written by: Richard Beaumont T: 01442 892 060 E: [email protected] GBP/CAD falls after Trade Balance figures Today we finished the week with some much better than expected figures from Canada. The latest trade balance figures were forecast for a negative -1.0Bn but the actual numbers showed only -0.7Bn. Labour productivity was also better than expected at 0.1%. … Read more GBP/CAD falls after Trade Balance figures
Written by: Richard Beaumont T: 01442 892 060 E: [email protected] What is moving the rates this week This week there is plenty of influential data being released that could move the exchange rates dramatically. The headlines, however, have been dominated by the news of a possible British exit from the EU, as David Cameron has announced the referendum will … Read more Will Britain leave the EU?
Written by: Richard Beaumont T: 01442 892 060 E: [email protected] Much cheaper to move to Canada As regular readers will know, over the past year the Canadian Dollar has weakened against a basket of major currencies, including the USD and GBP. A typical property purchase of $250,000 CAD would cost you around £20,000 less today, than the same trade … Read more Oil prices effecting the Loonie
UK interest rates will stay low for longer The “Unreliable Boyfriend” or Mark Carney as he is better known, is living up to his nick name once again. Over the course of last year the Pound rose against a basket of major currencies, including the Canadian Dollar. GBP/CAD prices peaked at 2.0940 in August last year, rising from around … Read more UK interest rates won’t move but what about Canada’s?
Oil causing further falls After a fall in the Sterling to Canadian Dollar exchange rates at the end of last week to around 1.9950, Monday saw a slight recovery caused by a weakening Loonie. The exchange rates recently fell after the forecasts for a UK interest rate hike were pushed back further, weakening off Sterling against its … Read more Oil causing CAD to weaken
Written by: Richard Beaumont T: 01442 892 060 E: [email protected] Will the Canadian Dollar stop losing ground? The Sterling to Canadian Dollar exchange rates seem to have been on a one way path so far this year. Is the time finally here for the rates to level out? Recent events have seen the advance of Sterling … Read more Will the Canadian Dollar stop losing ground