CAD cheaper to buy

Written by: Richard Beaumont T: 01442 892 060 CAD cheaper to buy despite poor UK figures So far this week we have seen the pound fall against most major currencies but the sterling to Canadian dollar exchange rates have been the exception. In today’s report, we will look at what is causing both the exchange … Read more CAD cheaper to buy

UK Inflation increases

Written by: Richard Beaumont T: 01442 892 060 UK Inflation increases strengthening the pound This morning we saw the first of the meaningful data effecting the GBP/CAD cross. This was in the form of UK CPI numbers. CPI or Consumer Price Index, shows the change in price of goods purchased by consumers over the past … Read more UK Inflation increases

Effects of the Budget Statement

Written by: Richard Beaumont T: 01442 892 060 GBP/CAD Forecast Overview After a brief movement back up into the 1.90’s at the end of last week, the GBP/CAD exchange rates have declined again. Over the past month we have seen Sterling to Canadian Dollar exchange rates fall away, as uncertainty surrounding the future of Britain … Read more Effects of the Budget Statement

Canadian Dollar rates

Written by: Richard Beaumont T: 01442 892 060 Canadian Dollar cheaper to buy Despite only some minor data out yesterday, the GBP/CAD exchange rates continued on a volatile path, with trading up around a point and a half from yesterday morning. Despite some much better than expected housing starts numbers from Canada, the much worse than … Read more Canadian Dollar rates

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?

UK interest rates won’t move but what about Canada’s?

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?

Will Canada cut interest rates in January?

In today’s report we will look a little deeper at what is causing the Canadian Dollar to weaken off so significantly and what the future looks like for the Loonie. Canada more dependant on oil than ever Over the past few months the Canadian economy has been suffering badly and this has had a huge knock … Read more Will Canada cut interest rates in January?

Manufacturing disappointing for Sterling

We have seen a great deal of volatility over the past week in the GBP/CAD exchange rates and it does not look like that is changing any time soon. Sterling to Canadian Dollar rates have been trading between 2.045 and 2.075 over the last seven days. To put this into real terms, a typical transfer of … Read more Manufacturing disappointing for Sterling

Canadian Manufacturing continues to drag the Loonie down

Canadian Manufacturing bringing the Loonie down Monday bought further woes to the Canadian Dollar as the latest round of manufacturing data was released. Canada has been on the back foot recently and  although low Oil and energy prices have been the main cause of the loony’s decline, the Manufacturing sector has been adding to the countries woes. … Read more Canadian Manufacturing continues to drag the Loonie down