Super Thursday

Mixed week for GBP/CAD exchange rates It has been a mixed week for the Sterling to Canadian Dollar cross with exchange rates falling below for the first time this year, before recovering to around 2.02. There has been no data of relevance from Canada so far this week but the UK has seen several releases … Read more Super Thursday

A week of PMI data for GBP/CHF

A week of PMI data for GBP/CHF The UK was the main driver this week between the two economies with the Swiss economy fairly thin on the ground in terms of data releases. We had construction, services and manufacturing PMI from the UK, with only construction improving on forecasts posting a revised figure of 55.9. … Read more A week of PMI data for GBP/CHF

Sterling to Canadian Dollar rates volatile

Sterling to Canadian Dollar exchange rate movements Over the past month we have seen Sterling to Canadian Dollar exchange rates fluctuate from highs of over 1.91 to lows of around 1.8550. To put these movements into real terms, a typical purchase of $200,000 CAD would cost you a difference of over £3000 between the highs and the lows of just … Read more Sterling to Canadian Dollar rates volatile

GBP/CHF Swiss finance minister calls for new peg

GBP/CHF Swiss finance minister calls for new peg It was reported this week that Swiss Finance minister Eveline Widmer-Schlumpf commented that they should be considering a new minimum exchange rate. The report have done little to boost confidence with investors, since the SNB decision to remove the peg the consequences have plagued them since, with … Read more GBP/CHF Swiss finance minister calls for new peg

Canadian dollar is worst performing currency of 2015

CAD down nearly 7% against pound The Canadian dollar has been the worst performing currency of 2015 so far. Over the past few weeks we have seen the GBP/CAD exchange rates move from around CAD$1.80 to highs of just over $1.92 mid market. This is largely due to falling oil prices, the Bank of Canada’s decision to lower interest … Read more Canadian dollar is worst performing currency of 2015

Oil prices effecting the Canadian dollar

How are low oil prices effecting the Canadian dollar? You’d think it would be safe to assume that low oil prices would have a negative effect on the Canadian dollar, with the economy of Canada being so reliant on the industry. However, this may not be the case. The latest forecasts from the Bank of Canada … Read more Oil prices effecting the Canadian dollar

UK mortgage approvals hit 17 month low

UK mortgage approvals hit 17 month low Happy New Year from everyone here at the Foremost Currency Group. As the New Year begins, volatility is still ever-present – here in the UK, the Bank of England released data which highlighted that mortgage approvals have hit a 17 month low. Combined with a low-than-expected 0.2% gain in … Read more UK mortgage approvals hit 17 month low

Autumn budget statement could move exchange rates

UK construction data misses forecasts After UK manufacturing data came in above forecast yesterday, many thought today’s construction data would follow suit. The GBP/CAD exchange rates started to climb in anticipation before the release, but when the actual figure came in below the forecast the pound fell back under CAD$1.78. Tomorrow could be a very volatile day for the sterling … Read more Autumn budget statement could move exchange rates

Canadian Dollars cheaper to buy

Sterling to Canadian Dollars cheaper to buy Over the past week or so, we have seen the Pound rise against the Canadian Dollar, pushing the GBP/CAD exchange rates through the 1.80 level. This was due to the Scottish independence no vote and further news that the governor or the Bank of England intends on raising interest rates early next year. … Read more Canadian Dollars cheaper to buy

Interest rate doubts cause Sterling weakness

Less chance of an imminent interest rate hike causes pound to fall Over the last few months there has been growing speculation that the BoE will have to raise interest rates in the UK to keep the housing market in check. Although it was said to be the last line of defence in the Bank of … Read more Interest rate doubts cause Sterling weakness