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

Super Thursday

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

Jackson Hole positive after recent market turmoil

Written by: Kingsley Walker Currency Broker T: 01442 892071 E: [email protected] W: foremostcg.wpengine.com The impact of last week’s turmoil is still being felt across the globe as fresh concerns surrounding the Chinese economy were triggered this week as global equities struggled. Coupled with the continued fall in oil prices, the current outlook for investors is … Read more Jackson Hole positive after recent market turmoil

A week of PMI data for GBP/CHF

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

Poor Economic data cause flux in currencies

Yesterday saw data releases from The EU, UK & US all fail to deliver on expectations and the currency markets reacted accordingly. From the continent we saw European wide, French and German Flash manufacturing PMI figures that all disappointed analyst’s estimates, with the French Figure remaining stubbornly below 50. This sub 50 figure indicates a … Read more Poor Economic data cause flux in currencies

Euro close to 9 and 6 year low against dollar and sterling respectively

Euro close to 9 and 6 year low against dollar and sterling respectively The euro breached below $1.19 yesterday to post its lowest mark against the dollar since 2006. Although the single currency clawed back some gains against the pound, it is still flirting with the worst rates in 6 years versus its cross channel … Read more Euro close to 9 and 6 year low against dollar and sterling respectively

Autumn budget statement could move exchange rates

UK construction data misses forecasts After UK manufacturing data came in above forecast yesterday, many thought today’s construction data would follow suit. The GBP/CAD exchange rates started to climb in anticipation before the release, but when the actual figure came in below the forecast the pound fell back under CAD$1.78. Tomorrow could be a very volatile day for the sterling … Read more Autumn budget statement could move exchange rates