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
Written by: Richard Beaumont T: 01442 892 060 GBP/CAD Forecast Overview After a brief movement back up into the 1.90’s at the end of last week, the GBP/CAD exchange rates have declined again. Over the past month we have seen Sterling to Canadian Dollar exchange rates fall away, as uncertainty surrounding the future of Britain … Read more Effects of the Budget Statement
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
Written by: Richard Beaumont T: 01442 892 060 E: [email protected] Huge falls in GBP/CAD exchange rates after some strong data. There have been huge falls in GBP/CAD exchange rates over the past week, dropping from just below 2.03 to today’s lows of under 1.97, as you will see from the graph below. To put this movement into … Read more Huge falls in GBP/CAD
Mixed week for GBP/CAD exchange rates It has been a mixed week for the Sterling to Canadian Dollar cross with exchange rates falling below for the first time this year, before recovering to around 2.02. There has been no data of relevance from Canada so far this week but the UK has seen several releases … Read more Super Thursday
This weeks data effecting exchange rates This week has been slow to kick off for the GBP/CAD exchange rates, with only some minor releases moving the markets Monday and Tuesday. Wednesday brings a speech by MPC member Shafik and some house price data from the UK. The most important release will be from the US, in the form of Crude … Read more Long term Canadian Dollar forecast
Canadian Manufacturing bringing the Loonie down Monday bought further woes to the Canadian Dollar as the latest round of manufacturing data was released. Canada has been on the back foot recently and although low Oil and energy prices have been the main cause of the loony’s decline, the Manufacturing sector has been adding to the countries woes. … Read more Canadian Manufacturing continues to drag the Loonie down
What is affecting exchange rates this week The week kicks off fairly quietly for the GBP/CAD cross, with no data of note being released on Monday. Tonight however, there will be a speech by the Bank of Canada’s Governor, Mark Carney. He will be speaking at the National Association of Business Economics, in Washington. The speech titled … Read more Data affecting exchange rates this week
Canadian Dollar near 8 year high, reaching 2.05 With the Canadian Dollar near an 8 year high at the moment, it is a great time to buy the Loonie. If you have been waiting to buy your dream home in the Rockies, the movement over the past couple of year means a typical house purchase of $250,000 … Read more Canadian Dollar near 8 year high
A week of PMI data for GBP/CHF The UK was the main driver this week between the two economies with the Swiss economy fairly thin on the ground in terms of data releases. We had construction, services and manufacturing PMI from the UK, with only construction improving on forecasts posting a revised figure of 55.9. … Read more A week of PMI data for GBP/CHF