Oil causing CAD to weaken

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

Election result boosted Sterling

Election result good for the Pound After eleven polls said it would be a hung parliament with no clear majority, the Pound was weakening with the run up to the general election. Investors feared the outcome could be bad for the economy and the uncertainty surrounding this effected the GBP/CAD exchange rates, pulling them down to … Read more Election result boosted Sterling

GBP/CAD exchange rates rise

GBP/CAD exchange rates rise again After a fall in the value of the pound against the Canadian dollar in recent times, it appears rates are heading towards the CAD$1.80 level once again. As you can see from the graph below, it looks like the tables have turned this week. GBP/CAD exchange rates were trading around $1.75 … Read more GBP/CAD exchange rates rise

GBP/CHF trading back in the range

    GBPCHF is trading back in the range after a period of consolidation following cold water being poured on to the possibility of a UK interest rate rise. All the indicators are pointing towards rates being raised above the lowest level in the last two years towards the mid to end of 2015 following … Read more GBP/CHF trading back in the range

GBP/CHF has volatile October

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

CHF still stong amid global uncertainty

In times of global economic turmoil funds flood into the relative safety of stable currencies like the USD, CHF and YEN. With instability in the Middle East continuing, the CHF has continued to strengthen against the pound. Technical levels for GBPCHF remain at 1.5000 support and resistance at 1.5400. When the US bombing campaign in … Read more CHF still stong amid global uncertainty

Carney’s press conference pours cold water on the Pound

Carney’s tone dampens the mood Over the last few months we have seen Sterling strengthen greatly against its counterparts and the GBP to CAD, EUR, USD have all risen off the back of this. The reason for this strength is mainly due to speculation that the UK would be the first of the major economies … Read more Carney’s press conference pours cold water on the Pound

GBP/CAD exchange rates and forecasts

What is moving the GBP/CAD exchange rates? This week the Canadian Dollar started strong with the housing starts coming in above forecast at 200k. Housing starts data shows the number of new residential buildings that started construction in the previous month. The reason it is important is that it is a leading indicator of economic health … Read more GBP/CAD exchange rates and forecasts

Trouble in Iraq causes volatility in the currency markets

Exchange rate movements Last week the GBP/EUR rates were trading between 1.2520 and 1.2630 and the GBP/USD between 1.680 and 1.6880 on the mid market. To put this into real terms, a typical transfer of £200,000 would see you get an extra 2200.00 Euros or $1600.00 between the highs and the lows of just the … Read more Trouble in Iraq causes volatility in the currency markets

GBPCHF dips slightly

GBPCHF dips slightly GBPCHF has remained fairly range bound this week with rates dropping to the bottom of the current trading range after worse than expected UK data stumbled the pounds run of good form. The SNB (Swiss National Bank) still has in place a ceiling to prevent the Swiss Franc strengthening uncontrollably with the … Read more GBPCHF dips slightly