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?
As has been the norm recently, we once again must report on the volatility of the EUR in these times of uncertainty. Regular readers of this report, and those who have a keen eye on the markets will be aware that each day brings some form of news out of Greece, and the markets do … Read more Euro volatile
Yesterday saw data releases from The EU, UK & US all fail to deliver on expectations and the currency markets reacted accordingly. From the continent we saw European wide, French and German Flash manufacturing PMI figures that all disappointed analyst’s estimates, with the French Figure remaining stubbornly below 50. This sub 50 figure indicates a … Read more Poor Economic data cause flux in currencies
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
Canadian data strengthens the Loonie The Loonie had a good run to end the week with Canadian data beating expectations. After the bad run from sterling, following Mr Carney’s dovish comments earlier in the week suggesting the Bank of England (BoE) would keep interest rates on hold a lot longer than previously expected, the GBP/CAD … Read more Canadian data boosts the Loonie
Yesterday, stress tests were carried out on 123 banks to test how they would react to another financial crisis. With the big four UK banks performing well, the focus was on the European banks and their ability to sustain pressure should markets start to once again collapse. Rate movement on GBPCHF has been minimal of … Read more GBP/CHF has volatile October
Service sector drags the Pound down Today we have some very influential data being released from both side of the GBP/CAD cross. So far this week the main releases from Sterling have been Manufacturing and construction data. These and the Services sector give a very good and accurate indication of economic activity. Anything above 50.0 indicates expansion … Read more Service sector effecting rates
BoE Governor’s comments cause confusion Last week the pound fell away against the Canadian Dollar among other counterparts. This was due to the Governor of the Bank of England, Mark Carney suggesting there would be no chance of an interest rate rise before the end of 2014. However, in an interview on Sunday, he contradicted himself somewhat by saying the … Read more Mixed messages from Governor Carney
How did the the Canadian Dollar perform last week? Last week was a busy week for the Canadian Dollar with several pieces of influential data moving the exchange rates. The week started quietly for the Loonie with a bank holiday on Monday. This was the calm before the storm however as Wednesday brought some very strong figures … Read more Canadian Dollar movements
UK Economy back to pre-crisis levels The governor of the Bank of England, Mark Carney has recently had to dull down his previous comments about raising interest rates soon. As he has constantly reminded everyone, this must be a last line of defence when tackling inflation, as raising rates to keep the housing market in check could damage the rest of … Read more Is the UK economy ready for an interest rate rise?