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 Falls to 9-Month Low

James Baxter Senior Currency Broker T: 01442 892 062 E: [email][email protected][/email] GBP/AUD Drops to 1.95 Monday saw the pound drop to its lowest level in 9 months against the Australian dollar, suffering its worst daily loss in 6 years. The GBP/AUD had been trading comfortably above $2 for most of last year but has recently … Read more GBP/AUD Falls to 9-Month Low

GBP/AUD Falls After Bank of England Inflation Report

James Baxter Senior Currency Broker T: 01442 892 062 E: [email][email protected][/email] GBP/AUD Falls to 2.02 The pound dropped fairly significantly against most of its main counterparts on Thursday after a more dovish than expected quarterly inflation report from the Bank of England. Against the euro, the pound dropped back into the 1.20’s and had dropped … Read more GBP/AUD Falls After Bank of England Inflation Report

Sterling to Canadian Dollars 2016

As everyone gets back to work and normality this week, lets look at how the GBP/CAD exchange rates have been performing and what up and coming events and data releases, may affect your currency purchase in the coming week. GBP/CAD graph Sterling to Canadian Dollars 2016 The UK kicked things off on Monday with some Manufacturing … Read more Sterling to Canadian Dollars 2016

Yellen reiterates cautious tone regarding policy tightening, Carney follows suit

Written by: Kingsley Walker Currency Broker T: 01442 892071 E: [email protected] Yellen reiterates cautious tone regarding policy tightening, Carney follows suit In a response to consumer advocate Ralph Nader, Federal Reserve Chair Janet Yellen published a letter Monday reinforcing the reason interest rates have been kept at record lows since December 2007. Yellen argued that … Read more Yellen reiterates cautious tone regarding policy tightening, Carney follows suit

GBP/AUD Drops Below 2.10

James Baxter Senior Currency Broker T: 01442 892 062 E: [email][email protected][/email] GBP/AUD Falls as Sterling Weakens The pound has had a rough few days as government borrowing figures on Friday sent the UK sliding against it’s major counterparts. A speech delivered by Mark Carney on Tuesday morning also weighed heavily on the pound, pushing GBP/AUD … Read more GBP/AUD Drops Below 2.10

GBP/AUD Falls After RBA Rate Announcement

GBP/AUD Falls to 2.15 The Australian dollar has strengthened over the last 48 hours as the Reserve Bank of Australia announced on Tuesday that they would not be cutting interest rates, keeping the base rate at the record low of 2%, having already loosened policy twice this year. As a result, the Australian dollar gained … Read more GBP/AUD Falls After RBA Rate Announcement

UK Manufacturing surges to 16-month high

Written by Kingsley Walker Currency Broker T: 01442 892071 E: [email][email protected][/email] UK Manufacturing surges to 16-month high The first working day of the months brings with it a raft of manufacturing PMI data from the UK, US and Europe. The result was a fairly volatile day for sterling and a number of its counterparts, including … Read more UK Manufacturing surges to 16-month high

MPC did little to excite the markets

Written by: Kingsley Walker Currency Broker T:01442 892071 E:[email protected] W:foremostcg.wpengine.com Today had the potential to be a fairly volatile day for GBP/USD with a string of data releases from the UK. However, the monetary policy committee did not feel the same way and did little to excite the markets at 12 o clock. Interest rates … Read more MPC did little to excite the markets