GBP/CAD falls after Trade Balance figures

Written by: Richard Beaumont T: 01442 892 060 E: [email protected] GBP/CAD falls after Trade Balance figures Today we finished the week with some much better than expected figures from Canada. The latest trade balance figures were forecast for a negative -1.0Bn but the actual numbers showed only -0.7Bn. Labour productivity was also better than expected at 0.1%. … Read more GBP/CAD falls after Trade Balance figures

Quiet End to the Week for Sterling

It was an exceptionally quiet end to last week with no significant data releases from either side of the Atlantic. Consequently, markets remained fairly subdued, trading flat until mid-afternoon when the pound began losing ground to the euro but made significant headway against the struggling US dollar. The subdued conditions were perhaps a welcome respite … Read more Quiet End to the Week for Sterling

Conservatives take power

GBP/EUR exchange rate volatile As the Pound continued to lose ground against the Euro, all were left wondering how much farther the cross would slip before resistance was found. A week and around 4 percent later we have seen a slight recovery for GBP/EUR of just under a percent as investors regained some faith in … Read more Conservatives take power

Who should I vote for?

Election day is finally here, who should I vote for? Election day is here and the polls are now open across the UK. As the British public decide the fate of the country for the next 5 years, people are asking, who should I vote for? Sterling has weakened off against its counterparts over the … Read more Who should I vote for?

UK posts poor data

5th May 2015 Sterling falls after UK posts poor data The GBP/CAD exchange rates have been falling since the end of last week after the UK posts poor data. The GBP/CAD exchange rates peaked at just below 1.86 at the tail end of last week before dropping into the 1.82’s this morning. To put this into real … Read more UK posts poor data

Sterling Breaks €1.40 and $1.50

Friday saw the pound make decent gains against its two main counterparts, the euro and the US dollar, despite no data releases of note. The movement was merely a continuation of the trends set earlier in the week, with the usual suspects, Greece, the election and potential monetary policy changes dictating market movement. The pound … Read more Sterling Breaks €1.40 and $1.50

Wholesale Sales bring down CAD

21st April 2015 Oil prices lifting the Loonie This morning the Canadian Dollar started to gain against a host of major currencies including the USD, GBP and EUR before dropping back this afternoon. In todays report let’s look at what is causing the exchange rates to move and how to get the best exchange rates. The … Read more Wholesale Sales bring down CAD

Sterling loses ground to the Euro

Due to a lack of any data releases from both the UK and Eurozone yesterday any significant movements in rates would depend on the US figures being released in the afternoon and this was the case when the US posted worse than expected figures for both building permits and unemployment claims. The poor data resulted … Read more Sterling loses ground to the Euro

GBP/AUD Falls After Federal Reserve Minutes

GBP/AUD Drops Towards 1.90 The Aussie has performed well against sterling over the last few days as inconclusive minutes from the Federal Reserve’s latest policy meeting provided no insight as to when the US central bank would look to tighten policy. As a result, investors have flocked to the Aussie dollar in search of guaranteed … Read more GBP/AUD Falls After Federal Reserve Minutes

The upcoming UK general election and how it could affect sterling

Wednesday 4th March 2015 A look at the potential impact of the UK general election In today’s report we’ll take a look over the horizon at how the 2015 UK general election could affect exchange rates. However, let’s first have a quick look at what the pound has been up to against the euro. Sterling/Euro After … Read more The upcoming UK general election and how it could affect sterling