GBP/CAD falls after Trade Balance figures

Written by: Richard Beaumont T: 01442 892 060 E: [email protected] GBP/CAD falls after Trade Balance figures Today we finished the week with some much better than expected figures from Canada. The latest trade balance figures were forecast for a negative -1.0Bn but the actual numbers showed only -0.7Bn. Labour productivity was also better than expected at 0.1%. … Read more GBP/CAD falls after Trade Balance figures

GBP/CAD exchange rates this week and what is moving them

What is moving GBP/CAD exchange rates this week As you will see from the Graph below the GBP/CAD exchange rates, have taken a turn for the worse recently. Prices have gone from well above 2 Canadian Dollars to the Pound, to just above 1.87 at the recent lows. To put this movement into real terms, … Read more GBP/CAD exchange rates this week and what is moving them

Huge falls in GBP/CAD

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

Oil prices effecting the Loonie

Written by: Richard Beaumont T: 01442 892 060 E: [email protected] Much cheaper to move to Canada As regular readers will know, over the past year the Canadian Dollar has weakened against a basket of major currencies, including the USD and GBP. A typical property purchase of $250,000 CAD would cost you around £20,000 less today, than the same trade … Read more Oil prices effecting the Loonie

UK Manufacturing Slows

Written by: Richard Beaumont T: 01442 892 060 E: [email protected] UK Manufacturing down Today saw the latest UK Manufacturing and Industrial Production figure being released. These inflation numbers were closely watched, as the BoE is having a great deal of trouble raising interest rates while inflations remains around zero. They were forecast to show a flat zero … Read more UK Manufacturing Slows

Long term Canadian Dollar forecast

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

Will Canada cut interest rates in January?

In today’s report we will look a little deeper at what is causing the Canadian Dollar to weaken off so significantly and what the future looks like for the Loonie. Canada more dependant on oil than ever Over the past few months the Canadian economy has been suffering badly and this has had a huge knock … Read more Will Canada cut interest rates in January?

Manufacturing disappointing for Sterling

We have seen a great deal of volatility over the past week in the GBP/CAD exchange rates and it does not look like that is changing any time soon. Sterling to Canadian Dollar rates have been trading between 2.045 and 2.075 over the last seven days. To put this into real terms, a typical transfer of … Read more Manufacturing disappointing for Sterling

CAD is boosted by Oil recovery

Canadian Dollar 2015 Looking back over 2015, the Canadian Dollar has been weakening for some time now against a basket of major currencies and Sterling is no exception. Exchange rates started the year around 1.75 and rose to highs of 2.09 towards the end of the year. To put this into real terms, a typical … Read more CAD is boosted by Oil recovery