Minimal Canadian data The only data from Canada this week is the Bank of Canada’s business outlook survey, which is likely to have little effect on the market. With no other releases of note, movements in the GBP/CAD exchange rates are likely to be influenced by news from the UK. Inflation to fall The Bank of England expects inflation to … Read more UK inflation to fall below 1%
Inflation figures help sterling Today we have seen a raft of inflation figures out from the UK, including CPI, PPI, HPI and RPI data. The most important of these was the CPI data released first thing this morning. The Consumer Price Index is the most closely watched and influential, as this is used for the Bank of … Read more Inflation figures boost sterling
Despite a Bank holiday in Canada on Monday, it has been a very eventful week so far. In today’s report we will look at where the GBP/CAD exchange rates have headed and what has caused these movements. Poor UK inflation data causes doubt over interest rate rise They say what goes up, must come down … Read more UK Inflation at 5 year low
BoE Governor’s comments cause confusion Last week the pound fell away against the Canadian Dollar among other counterparts. This was due to the Governor of the Bank of England, Mark Carney suggesting there would be no chance of an interest rate rise before the end of 2014. However, in an interview on Sunday, he contradicted himself somewhat by saying the … Read more Mixed messages from Governor Carney