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

Bumpy ride for the GBP/CAD cross

Bumpy ride for the GBP/CAD exchange rates It has been a bumpy ride for the GBP/CAD exchange rates over the past week. With events in Greece, the Chinese stock markets in turmoil and some very off economic numbers being thrown around, the global exchange rates have been choppy to say the least. These uncertain times have caused the market … Read more Bumpy ride for the GBP/CAD cross

FX markets relatively subdued even after Greeks’ vote No

Anyone who watched the slowly unfolding developments in Greece Sunday night as the votes from the referendum were counted would have thought that Monday could be a day of extreme volatility, just as we have seen in recent times. However over the course of the trading day GBP/EUR, EUR/USD and GBP/USD all moved less than … Read more FX markets relatively subdued even after Greeks’ vote No

Mario Draghi announces QE

Mario Draghi takes the ECB all-in What a day for the FX markets yesterday as the ECB unleashed a comprehensive quantitative easing (QE) plan. The far-reaching package will see €60bn of assets, including government bonds, purchased every month beginning in March and potentially running until September 2016 – or, in Mario Draghi’s words, “until we … Read more Mario Draghi announces QE