An eventful 24 hours for the Loonie

It has been an eventful day in the currency markets with various political and economical events changing the price you pay for your currency. GBP/CAD has risen this afternoon to highs of 1.6470, mid market. USD/CAD fell following comments from the Fed to lows around 1.3280. After the initial fall following news from the US, … Read more An eventful 24 hours for the Loonie

This week’s CAD forecast

As you can see from the graph below, it has been a choppy start to the week for the Sterling to Canadian Dollar cross. Data has actually been thin on the ground today, with only some minor releases from Europe and the US. At the risk of sounding like a broken record, today’s movements were … Read more This week’s CAD forecast

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

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?

Canadian Dollar July round up

Canadian Dollar round up With a lack of economic data this week The Sterling to Canadian Dollar exchange rates have remained fairly flat this week, trading within a two point range to highs of 1.7434. We end the week with the most influential data in the form of Canadian GDP. This shows the change in … Read more Canadian Dollar July round up

Canadian Dollar round up

Canadian Dollar round up After another volatile week for the Sterling to Canadian Dollar cross last week, we could be in for more fluctuations in the GBP-CAD exchange rates. We started this week trading around 1.72 mid market. This rapidly rose Monday morning to highs of 1.7335 before lunch time. This was mainly due to … Read more Canadian Dollar round up

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

CAD exchange rates

Written by: Richard Beaumont T: 01442 892 060 CAD exchange rates effected by oil price recovery The Canadian economy, along with other commodities reliant countries have been suffering for some time with the low oil and energy prices. Oil is Canada’s largest export and since the price of oil has dropped below $28 a barrel in January, the price of the … Read more CAD exchange rates