Non-Farm Payrolls cause rates to tumble

Non-Farm payrolls affect GBP/USD It was a volatile day for cable with a movement of over 1% on the cross, from a session high of 1.3173 to a low of 1.3024. It was the first Friday of the month, which meant the release of this month’s employment figures from the USA. Renowned for being one … Read more Non-Farm Payrolls cause rates to tumble

Effects of the Budget Statement

Written by: Richard Beaumont T: 01442 892 060 GBP/CAD Forecast Overview After a brief movement back up into the 1.90’s at the end of last week, the GBP/CAD exchange rates have declined again. Over the past month we have seen Sterling to Canadian Dollar exchange rates fall away, as uncertainty surrounding the future of Britain … Read more Effects of the Budget Statement

Canadian Dollar rates

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

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

Manufacturing doesn’t disappoint

Written by: Richard Beaumont T: 01442 892 060 E: [email protected]   UK Manufacturing doesn’t disappoint The latest round of inflation figures from the UK were released this morning in the form of Manufacturing PMI. These came in slightly above forecast of 51.3 and actually came in at 51.5. Although only a slight increase, this has helped … Read more Manufacturing doesn’t disappoint

Canadian economy growing

Written by: Richard Beaumont T: 01442 892 060 E: [email protected] Canadian economy growing slowly but surely Today has been a positive day for both sides of the Sterling to Canadian Dollar cross. The day started very well for Sterling with the latest currant account figures smashing the forecasts. Current account figures show the difference between imported and … Read more Canadian economy growing

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

Quiet end to a busy period for GBP/EUR

Quiet end to a busy period for GBP/EUR A relatively quiet day on Friday for GBP/EUR with the cross trading between a 60 pip range with a high of €1.3332 (mid-market). The only real data of note to be released was the euro flash CPI which came in at -0.6%. This means that the eurozone … Read more Quiet end to a busy period for GBP/EUR

Global growth forecast and GBP/CAD exchange rates

Large movements in the currency markets After the shock of the SNB’s unpegging of the Swiss franc from the euro on Thursday last week, the currency markets saw some of the largest recorded one-day movements – with the volatility exacerbated by the Swiss central bank’s decision to lower interest rates on deposits to -0.75%. The news … Read more Global growth forecast and GBP/CAD exchange rates

GBP/CAD fall in 2015

GBP/CAD fall in 2015 after poor UK inflation figures Sterling to Canadian dollar exchange rates have fallen from around CAD$1.80 to around the $1.78 level since the beginning of the year, meaning it has become more expensive to buy the Loonie. There are two main factors that have caused this. Since the beginning of the year UK … Read more GBP/CAD fall in 2015