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

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

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

Pound to Canadian Dollar forecast April 2016

Written by: Richard Beaumont T: 01442 892 060 Pound to Canadian Dollar forecast Today has seen the GBP/CAD exchange rates start the day just above 1.81 before rising over a point to 1.8275 at the highs. If you are buying a property abroad, even a normal daily movement like this, can have a large effect … Read more Pound to Canadian Dollar forecast April 2016

UK Inflation increases

Written by: Richard Beaumont T: 01442 892 060 UK Inflation increases strengthening the pound This morning we saw the first of the meaningful data effecting the GBP/CAD cross. This was in the form of UK CPI numbers. CPI or Consumer Price Index, shows the change in price of goods purchased by consumers over the past … Read more UK Inflation increases

Canadian Currency Forecast

Written by: Richard Beaumont T: 01442 892 060 Another volatile day in the currency markets After falling away yesterday evening, the GBP/CAD exchange rates continued to slide away this morning to lows of around 1.8440. This was due to Sterling weakness and further worries over the troubles in Europe and the up and coming referendum, … Read more Canadian Currency Forecast

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

GBP-CAD Forecast

Written by: Richard Beaumont T: 01442 892 060 GBP-CAD Forecast April 2016 After the Sterling to Canadian Dollar exchange rates fell away at the end of last week, the GBP-CAD forecast has improved with exchange rates moving from lows of around 1.85 to highs of 1.8670, over the course of the days trading. With little … Read more GBP-CAD Forecast

CAD strengthens after GDP figures

Canadian Dollar forecast It has been a big day for both sides of the Sterling to Canadian Dollar cross with some influential data having some unexpected results. In the last 24 hours the GBP/CAD exchange rates have dropped off dramatically to around 1.8480 at the lows. This fall in exchange rates has made it a … Read more CAD strengthens after GDP figures

UK Inflation remains at 0.3%

Canadian Dollar overview After a very quiet start to the week Monday, today we have seen a little more volatility in the Canadian Dollar crosses. The exchange rates remained flat throughout the day yesterday, with GBP/CAD exchange rates trading around 1.88, mid market. There was no data of note from Canada due out today, so it is the news from overseas … Read more UK Inflation remains at 0.3%