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

Sharp drop for the GBP/CAD rates

Written by: Richard Beaumont T: 01442 892 060 Sharp drop for the GBP/CAD exchange rates Today there was another sharp drop for the GBP/CAD exchange rates, after the final data releases of the week. This has made the Loonie more expensive to buy as it gained ground against a basket of major currencies. If you would like … Read more Sharp drop for the GBP/CAD rates

Canadian Trade Balance Weakens the Loonie

Written by: Richard Beaumont T: 01442 892 060 Canadian dollar exchange rates The Canadian dollar has had a poor start to the week so far, dropping against both sterling and the US dollar. Over the course of the last 24 hours we have seen USD/CAD move from lows of just above 1.30 to highs of … Read more Canadian Trade Balance Weakens the Loonie

Canadian Dollar outlook

Canadian Dollar outlook After the long weekend the GBP/CAD exchange rates have been fairly subdued so far this week. Mid market prices have only fluctuated between a small range from around 1.8850 to lows of just above 1.87. To put this into real terms, a typical property purchase of $200,000 would cost you around £1000 … Read more Canadian Dollar outlook

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

CAD exchange rates

Written by: Richard Beaumont T: 01442 892 060 CAD exchange rates effected by oil price recovery The Canadian economy, along with other commodities reliant countries have been suffering for some time with the low oil and energy prices. Oil is Canada’s largest export and since the price of oil has dropped below $28 a barrel in January, the price of the … Read more CAD exchange rates

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

Huge falls in the GBP/CAD exchange rates

Huge falls in the GBP/CAD exchange rates This week we have seen huge falls in the GBP/CAD exchange rates. Mid market prices were tipping over 2.08 at the beginning of the week, before dropping around six points to just above 2.02 at the lows. To put this movements into monetary terms, a typical transfer of £200,000 would … Read more Huge falls in the GBP/CAD exchange rates

Best time to sell CAD

Best time to sell CAD It has been an extremely volatile week in the forex markets and now may be the best time to sell CAD. Sterling to Canadian Dollar exchange rates have fluctuated between 2.0350 at the high to lows of around 1.9870. To put this into monetary form, a typical transfer of £200,000 would see you … Read more Best time to sell CAD

Carney comments on UK Interest rates to rise

Canadian Dollar almost trading at 2 following Carney comments Today we have seen new high in the GBP/CAD cross with exchange rates hitting highs of over 1.9950. This was not down to the Canadian Dollar weakening, nor was it due to the latest inflation data from the UK, which actually came in worse than expected. The huge … Read more Carney comments on UK Interest rates to rise