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?

Canadian Dollar July round up

Canadian Dollar round up With a lack of economic data this week The Sterling to Canadian Dollar exchange rates have remained fairly flat this week, trading within a two point range to highs of 1.7434. We end the week with the most influential data in the form of Canadian GDP. This shows the change in … Read more Canadian Dollar July round up

Canadian Dollar round up

Canadian Dollar round up After another volatile week for the Sterling to Canadian Dollar cross last week, we could be in for more fluctuations in the GBP-CAD exchange rates. We started this week trading around 1.72 mid market. This rapidly rose Monday morning to highs of 1.7335 before lunch time. This was mainly due to … Read more Canadian Dollar round up

BoE has responsibility to communicate Brexit risks

Written by: Richard Beaumont T: 01442 892 060 BoE has responsibility to communicate Brexit risks Despite there being little data from Canada today, it is one of the most important days of the weeks for the GBP/CAD crosses. Yesterday despite the Crude Oil inventories coming in much worse than forecast, the GBP/CAD exchange rates still … Read more BoE has responsibility to communicate Brexit risks

GBP to CAD is still climbing

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

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

GBP to CAD forecast May 2016

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

Sharp drop for the GBP/CAD rates

Written by: Richard Beaumont T: 01442 892 060 Sharp drop for the GBP/CAD exchange rates Today there was another sharp drop for the GBP/CAD exchange rates, after the final data releases of the week. This has made the Loonie more expensive to buy as it gained ground against a basket of major currencies. If you would like … Read more Sharp drop for the GBP/CAD rates

Pound to Canadian Dollar forecast April 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