GBP/USD currency pair slipping

GBP/USD drops after weak UK data The GBP/USD cross has fallen nearly a cent over the course of today’s trading session, with the currency pair slipping from $1.3023 to $1.2933. Sterling lost ground across the board after weaker than forecast data from the UK’s manufacturing sector, with the purchasing managers index (PMI) coming in at … Read more GBP/USD currency pair slipping

CAD rates of exchange

CAD rates of exchange It has been a choppy ride for the Sterling to Canadian Dollar exchange rates lately, with mid market prices fluctuating between highs just below 1.75 to lows just above 1.67, in just the last couple of weeks. To put this into monetary terms, a typical transfer of £200,000 would see you … Read more CAD rates of exchange

Interest rates are the lowest in the Bank of England’s 322 year history

Canadian Dollar exchange rates As you will see from the Graph below the Sterling to Canadian Dollar exchange rates have taken a tumble today, making it a lot more expensive to by the Loonie. In today’s report, let’s look at what has caused these movements and what you can do minimise the damage, if you … Read more Interest rates are the lowest in the Bank of England’s 322 year history

Pound fluctuates before BoE decision

Pound Fluctuates Before BoE Decision With all UK PMI figures this week showing retraction in their sector, the Pound has struggled to make any ground against the Euro or US Dollar. The British economy had shrunk at its fastest rate since the financial crisis after last month’s Brexit vote, making many market experts expecting the … Read more Pound fluctuates before BoE decision

Will the UK cut interest rates and how will it affect my currency purchase?

Will the UK cut interest rates and how will it affect my currency purchase? Sterling to Canadian Dollar exchange rates are trading up around two points at 1.75 today. With a quiet week for Canadian Data this week, let’s look at the factors from overseas affecting the price you pay for your currency. GBP/CAD graph … Read more Will the UK cut interest rates and how will it affect my currency purchase?

What is moving exchange rates?

Canadian Dollar trading range bound The Sterling to Canadian Dollar exchange rates have been trading within a point range today, between 1.72 to 1.73, mid-market. With a bank holiday today in Canada, all movements are off the back of news and events from overseas. GBP-CAD graph Canadian data moving exchange rates It is a quiet … Read more What is moving exchange rates?

Canadian Dollar July round up

Canadian Dollar round up With a lack of economic data this week The Sterling to Canadian Dollar exchange rates have remained fairly flat this week, trading within a two point range to highs of 1.7434. We end the week with the most influential data in the form of Canadian GDP. This shows the change in … Read more Canadian Dollar July round up

BoE has responsibility to communicate Brexit risks

Written by: Richard Beaumont T: 01442 892 060 BoE has responsibility to communicate Brexit risks Despite there being little data from Canada today, it is one of the most important days of the weeks for the GBP/CAD crosses. Yesterday despite the Crude Oil inventories coming in much worse than forecast, the GBP/CAD exchange rates still … Read more BoE has responsibility to communicate Brexit risks

CAD cheaper to buy

Written by: Richard Beaumont T: 01442 892 060 CAD cheaper to buy despite poor UK figures So far this week we have seen the pound fall against most major currencies but the sterling to Canadian dollar exchange rates have been the exception. In today’s report, we will look at what is causing both the exchange … Read more CAD cheaper to buy