Sterling stages a recovery, but will it last?

Written by: Alastair Archbold FX Manager T: 01442 892 066 The Pound staged a modest recovery during yesterday’s trading session, rising from €1.13 to €1.1390. The catalyst for the move higher was the release of the latest UK inflation figure, rising to almost 3% in the biggest jump in 4 years. Usually higher inflation would … Read more Sterling stages a recovery, but will it last?

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

Pound fluctuates before BoE decision

Pound Fluctuates Before BoE Decision With all UK PMI figures this week showing retraction in their sector, the Pound has struggled to make any ground against the Euro or US Dollar. The British economy had shrunk at its fastest rate since the financial crisis after last month’s Brexit vote, making many market experts expecting the … Read more Pound fluctuates before BoE decision

What is moving exchange rates?

Canadian Dollar trading range bound The Sterling to Canadian Dollar exchange rates have been trading within a point range today, between 1.72 to 1.73, mid-market. With a bank holiday today in Canada, all movements are off the back of news and events from overseas. GBP-CAD graph Canadian data moving exchange rates It is a quiet … Read more What is moving exchange rates?

GBP to CAD forecast May 2016

Written by: Richard Beaumont T: 01442 892 060 After a very volatile April in the currency markets, the Canadian Dollar strengthened against both the USD and GBP. This was mainly caused by events overseas, rather than news or data from Canada. Firstly, Canada, as well as many other commodity based economies, had been badly effected by … Read more GBP to CAD forecast May 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

GBP/CAD Forecasts

Written by: Richard Beaumont T: 01442 892 060 GBP/CAD Forecasts March 2016 After a disappointing day for the Canadian Dollar crosses yesterday, we saw GBP/CAD prices fall from the mid 1.88’s down to around 1.87 off the back of some impressive Canadian Manufacturing data. This couple with the Annual Budget in the UK, weakening off the … Read more GBP/CAD Forecasts

Canadian Dollar rates

Written by: Richard Beaumont T: 01442 892 060 Canadian Dollar cheaper to buy Despite only some minor data out yesterday, the GBP/CAD exchange rates continued on a volatile path, with trading up around a point and a half from yesterday morning. Despite some much better than expected housing starts numbers from Canada, the much worse than … Read more Canadian Dollar rates

GBP/AUD Choppy over Referendum Fears

James Baxter Senior Currency Broker T: 01442 892 062 E: [email][email protected][/email] GBP/AUD Trading at 1.95 The GBP/AUD has been pretty volatile this week as concerns over the outcome of the EU referendum, and choppy trade for the commodities currencies, has pulled GBP/AUD around like a currency tug o’war. The graph below shows GBP/AUD movement over … Read more GBP/AUD Choppy over Referendum Fears