Canadian Dollar under 2.0

Written by: Richard Beaumont T: 01442 892 060 E: [email protected] Canadian Dollar under 2.0 vs Sterling After Canadian GDP beating estimates last week, the GBP/CAD cross started to decline from the recent highs. So far it has been another volatile week for the Sterling to Canadian Dollar exchange rates, with prices falling below 2.0 Dollars to the Pound. In today’s report … Read more Canadian Dollar under 2.0

Canadian dollar rallies

Canadian dollar rallies after BoC statement Yesterday the Bank of Canada (BoC) kept its interest rates on hold, meaning the benchmark has now stayed at 1% since September 2010. This is the longest period rates have been on hold for over 60 years. However, despite this news the Canadian dollar rallied against a basket of major … Read more Canadian dollar rallies

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

Strong Australian GDP Gives AUD Temporary Boost – GBP/AUD

GBP/AUD Drops to Low 1.80’s After AUD GDP Figures   Australian GDP figures for the first quarter of 2014 showed a surprise increase, beating estimates by 0.2%. As a result, the dollar gained ground against sterling, pushing the rate back down to near the 1.80 mark. The graph below shows GBP/AUD movement over the last … Read more Strong Australian GDP Gives AUD Temporary Boost – GBP/AUD