GBP to CAD is still climbing

GBP to CAD is still climbing Today we have seen a choppy days trading but the GBP to CAD is still climbing. In todays report, lets look at what is causing today’s volatility and where the exchange rates may be heading. GBP – CAD Graph UK Services data Today we had the latest Services PMI … Read more GBP to CAD is still climbing

CAD cheaper to buy

Written by: Richard Beaumont T: 01442 892 060 CAD cheaper to buy despite poor UK figures So far this week we have seen the pound fall against most major currencies but the sterling to Canadian dollar exchange rates have been the exception. In today’s report, we will look at what is causing both the exchange … Read more CAD cheaper to buy

GBP/CAD exchange rates

Written by: Richard Beaumont T: 01442 892 060 GBP/CAD exchange rates It has been a very quiet week as far as data is concerned for the Canadian Dollar but this hasn’t stopped the exchange rates moving around. In the last week alone, we have seen over a three point movement in the GBP/CAD exchange rates. To … Read more GBP/CAD exchange rates

Outlook for Sterling to Canadian Dollar

Outlook for Sterling to Canadian Dollar It is a big week in the currency markets with the US set to announce their latest interest rate decision. Despite this not being part of the Sterling to Canadian Dollar cross, this decision could have a large effect on the price of both Sterling and the Loonie. The UK … Read more Outlook for Sterling to Canadian Dollar

Canadian Dollar struggled

Canadian Dollar struggled to gain ground against counterparts Over the past month the Canadian Dollar has struggled to make any real ground against the US Dollar or Sterling. The GBP/CAD exchange rates have risen from lows of 1.8739 to highs above 1.92, making it alt cheaper to but the Canadian Dollar. Putting this in monetary … Read more Canadian Dollar struggled

Sterling falls against the Loonie

23rd March 2015 Sterling falls off as the week opens As the markets opened today, the GBP/CAD exchange rate began to drop off, making it more expensive to buy the Canadian Dollar. The main cause for this was the latest Industrial Orders figures from the UK. These were forecast to show a large increase but the actual figures … Read more Sterling falls against the Loonie

Fall in UK manufacturing

Housing data worse than expected There was little data of note from the UK yesterday, so any movements in GBP/CAD exchange rates were likely to come off the back of news from Canada. That news arrived in the shape of Canadian housing starts and building permits, released during the afternoon. Both of these releases failed to meet expectations … Read more Fall in UK manufacturing

Canada keeps interest rates on hold

UK data affecting exchange rates Today we had the release of the latest services PMI data from the UK. It came in above the forecast of 56.6 at 58.6, which showed greater expansion than previously predicted. Sterling started to climb against the Loonie following this announcement, with GBP/CAD exchange rates rising to highs of CAD$1.7885. We then had the … Read more Canada keeps interest rates on hold

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

Sterling Boosted by Manufacturing

Sterling starts the week strong Sterling has started the week strong with the latest manufacturing sales coming out above the forecast. This is important for the pound as the BoE has pushed back plans to raise interest rates recently, so any inflation data will be watched closely for signs of the UK economy improving. This … Read more Sterling Boosted by Manufacturing