Sterling continues to fall against the Canadian Dollar

What is moving the Canadian Dollar exchange rates Yesterday saw the Pound start to fall against the Canadian Dollar after the Bank of England’s MPC minutes were released. These showed no change in stance from the nine MPC members with regards to an interest rate rise. As many are expecting a rate hike soon, it was a disappointment … Read more Sterling continues to fall against the Canadian Dollar

Sterling unable to hold onto fresh highs.

Sterling unable to hold onto fresh highs. As the UK enjoyed its hottest day of the year on Friday the same could not be said for the pound. Despite a quiet day for economic data releases Sterling slipped from the fresh highs we witnessed at the beginning of last week as investors wound up their … Read more Sterling unable to hold onto fresh highs.

GBP to CAD exchange rate movements

What is affecting my GBP to CAD purchase? With no data of note out from the UK for the second half of the week, all movements in the GBP to CAD exchange rates are likely to come off the back of news from Canada rather than the UK. Today we had foreign securities purchases. This shows the total value of … Read more GBP to CAD exchange rate movements

GBP/CAD rates hold strong despite poor UK data

Despite some worse than expected data out from the UK last week, Sterling remained range bound, trading within a 30 pip range throughout most of last week. With only some minor data out from the euro zone today, it appears to be a very quiet start to the week again for the GBP/CAD exchange rates. In today’s report we will … Read more GBP/CAD rates hold strong despite poor UK data

Mark Carney’s Mixed Messages leave investors pondering about GBP/EUR

Mark Carney’s Mixed Messages leave investors pondering about GBP/EUR As the English football team cut the hopes of a nation last week by failing to qualify to the later stages of the Brazil World Cup, the hopes of a nation are piled on to the shoulders of a Scot playing in South West London. As … Read more Mark Carney’s Mixed Messages leave investors pondering about GBP/EUR

Interest rate rise speculation dampened after raft of bad UK data

After the governor of the Bank of England, Mark Carney hinted there would be a rate rise alot sooner than previously expected last week, the Pound gained ground against a basket of major currencies making it cheaper to buy the Canadian Dollar. With a movement of over two points in the GBP/CAD rates a typical transfer of … Read more Interest rate rise speculation dampened after raft of bad UK data

Sterling Strengthens after interest rate rise hints

Over the last twenty four hours we have seen Sterling gain ground against a basket of major currencies and the Canadian Dollar was no exception. In today’s report we will look at what caused this movement and what it means for your currency purchase. Mark Carney hints at interest rate rise Last night the Governor of … Read more Sterling Strengthens after interest rate rise hints

This weeks GBP/CAD exchange rate movements

This week there is plenty of data being released from both sides of the GBP/CAD cross that could move the Sterling to Canadian Dollar rates dramatically. In today’s report we will look at what data is due to be released and how it may effect the exchange rates. This weeks UK data releases and how they … Read more This weeks GBP/CAD exchange rate movements

Carney delivers seething view of Bankers; Sterling retraces its steps

“Just as any revolution eats its children, unchecked market fundamentalism can devour the social capital essential for the long-term dynamism of capitalism itself,” “A sense of self must be accompanied by a sense of the systemic.” These were the words delivered by the Bank of England Chairman last night at a conference on ‘inclusive capitalism’ … Read more Carney delivers seething view of Bankers; Sterling retraces its steps

Retail Sales strengthen the Pound

So far this week we have seen GBP/CAD exchange rates move from lows of around 1.8150 on Monday’s trading, to highs of around 1.8450 today. Let’s take a look at what has caused these movements and where the exchange rates are likely to be heading. Sterling to Canadian Dollar movements Why was the Pound down? … Read more Retail Sales strengthen the Pound