Sterling reverses some of its losses

Written by: Richard Beaumont T: 01442 892 060 E: [email protected] After an exceedingly volatile week in the currency markets, as you will see from the graph below, Sterling took the brunt of the bad news and fell away against the Canadian Dollar. If you are looking to sell your Canadian Dollars, this may be the time … Read more Sterling reverses some of its losses

Huge falls in GBP/CAD

Written by: Richard Beaumont T: 01442 892 060 E: [email protected] Huge falls in GBP/CAD exchange rates after some strong data. There have been huge falls in GBP/CAD exchange rates over the past week, dropping from just below 2.03 to today’s lows of under 1.97, as you will see from the graph below. To put this movement into … Read more Huge falls in GBP/CAD

Outlook for Sterling to Canadian Dollar

Outlook for Sterling to Canadian Dollar It is a big week in the currency markets with the US set to announce their latest interest rate decision. Despite this not being part of the Sterling to Canadian Dollar cross, this decision could have a large effect on the price of both Sterling and the Loonie. The UK … Read more Outlook for Sterling to Canadian Dollar

CPI from both the UK and US ahead of Fed minutes

Written by; Kingsley Walker Currency Broker T: 01442 892071 E: [email protected] CPI from both the UK and US ahead of Fed minutes Yesterday saw the release of CPI data from both the UK and US, we had year on year CPI from the UK which met forecasts of -0.1% and core CPI marginally improved to 1.1%. … Read more CPI from both the UK and US ahead of Fed minutes

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

Sterling loses ground as UK Retail Sales take surprise plunge

UK Retail sales figures fell unexpectedly yesterday, showing a 0.2% fall in June, a disappointment on the 0.4% growth expected. Sterling lost ground against the Euro immediately having already been knocked by a spell of Euro strength following a late night vote in Europe (see below). Indeed it may well be the Euro side of … Read more Sterling loses ground as UK Retail Sales take surprise plunge

Greek deal done – tentatively

We can finally stop talking about Greece! Or can we? The deal put in place over the weekend that, unless you were living under a rock you have undoubtedly heard about, is not in fact signed sealed and delivered until tomorrow; you’ve got to love a so called ‘deadline’! The banks are still closed in … Read more Greek deal done – tentatively

Key inflation data up for the Canadian dollar

CPI figures strengthen the Canadian dollar Today has been a promising day for the Canadian dollar, as some key inflation data came out of Canada. It was core CPI (Consumer Price Index) figures that gave the Loonie a boost. CPI accounts for the majority of overall inflation and therefore tends to have the largest impact on the markets. Both CPI and core … Read more Key inflation data up for the Canadian dollar

Volatile week for GBP/AUD

Pound rises from AUD$1.96 to mid $1.98s It’s been a particularly volatile week for GBP/AUD with the pound dropping from AUD $2.00 to $1.96 and then climbing back up to $1.9820 (at the time of writing). The graph below shows sterling/aussie movement over the last 7 days. GBP/AUD   The release on Tuesday of the Reserve … Read more Volatile week for GBP/AUD

Subdued trading as America breaks for President’s Day

Sterling struggles despite US market closure Yesterday provided us with a quiet start to the week, as American markets were closed for President’s Day – a celebration of the birthdays of George Washington and Abraham Lincoln. There were few ecostats of note, yet sterling managed to lose half a percent to both the US dollar … Read more Subdued trading as America breaks for President’s Day