Written by: Richard Beaumont T: 01442 892 060 GBP/CAD exchange rates It has been a very quiet week as far as data is concerned for the Canadian Dollar but this hasn’t stopped the exchange rates moving around. In the last week alone, we have seen over a three point movement in the GBP/CAD exchange rates. To … Read more GBP/CAD exchange rates
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
Written by: Richard Beaumont T: 01442 892 060 E: [email protected] Manufacturing Slows The first of the UK’s major figures is out this week in the form of Manufacturing PMI. This is a very good indicator of economic health and along with the other inflation measures, will give a clear indication of how the UK economy … Read more Canadian GDP results
UK Economy Growing The latest UK GDP figures have been released and show the economy is still growing. The figures for the last quarter of 2015 have come in on estimate at 0.5%. This brings the total growth for 2015 to 2.2%, down from 2.9% the year before. This was good news for Sterling and … Read more IMF in emergency bailout talks
Sterling falls after UK growth down This morning we saw the latest GDP estimate from the UK being released. It showed the UK economy had only grown by 0.3% in the first three months of 2015, down from 0.6% for the previous quarter. This was a surprise to many investors as it was down from the forecast and … Read more UK growth down
Where have the exchange rates moved? Over the course of the last month we have seen GBP/CAD exchange rates rise from lows of around 1.82 to highs of just under 1.92. This is a huge movement for such a short space of time and if you have an up an coming currency purchase, it is … Read more What is moving exchange rates?
Yesterday was a fairly quiet day for GBP/EUR due to a lack of any significant data releases, as mentioned in yesterday’s report. As a result we saw sterling trade within half a cent against the single currency. The only significant release from the US came in the form of services PMI, which came in worse … Read more GBP/EUR tests 1.40
GBP/CAD rates threatening $1.90 Over the past week, low oil prices have continued to weigh on the Canadian dollar. The pound has risen from around $1.8550 to highs of just under $1.90 against its Canadian counterpart, the highest level we have seen since the beginning of 2009. The trend initially started after the Bank of Canada lowered … Read more Sterling to Canadian dollar rates continue to 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
What has moved the Canadian Dollar? After the UK Bank holiday on Monday and no data from Canada, the week really kicks off on Tuesday for the GBP/CAD cross. Data is still very thin on the ground today with only corporate profits from Canada and UK mortgage approvals being released throughout the day. Corporate profits show the … Read more Canadian Dollar Movements and Forecasts