On Sunday we saw the results of the first round of the French election. This put the outsider Macron well ahead of the Far left, Marine Le pen, which was seen as good news for the Euro. A Le Pen victory could possibly put an end to the single currency. As markets opened the EUR/CAD … Read more EUR/CAD rises after first round of the French election
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
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?
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
Crude prices hold back the Loonie Sterling to Canadian Dollar exchange rates have remained volatile over the past 24 hours. The latest construction data from the UK was disappointing and missed the estimates by a small margin. Despite this causing volatility, sterling failed to fall away against the Loonie as other factors were weighing heavily on the other … Read more Crude prices effect the Canadian Dollar
UK wage data boosts the pound After a brief fall in the GBP/CAD exchange rates at the beginning of the week, sterling has continued to strengthen this week. Initially, Tuesday’s poor UK inflation data coupled with ongoing uncertainty in Europe caused the pound to fall from around CAD$1.92 to just above $1.90. But yesterday’s figures showed … Read more Sterling continues to strengthen against Canadian dollar
GBP/CAD near a 9 month low against sterling The GBP/CAD exchange rate was close to a 9 month low this morning, making this the most expensive time to buy the Canadian dollar since the beginning of January 2014. The price of crude oil has dropped for an eighth week in a row which, according to Reuters, is the … Read more GBP/CAD near a 9 month low
Today we have seen the GBP/CAD exchange rates rise almost a point from around 1.8350 to 1.8440, despite there only being some minor data out from either side of the cross today. In today’s report we will look at what has caused these movements and where the exchange rates may be heading next. Crude Oil moving … Read more Crude Oil demand driving GBP/CAD exchange rates