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 to CAD forecast May 2016

Written by: Richard Beaumont T: 01442 892 060 After a very volatile April in the currency markets, the Canadian Dollar strengthened against both the USD and GBP. This was mainly caused by events overseas, rather than news or data from Canada. Firstly, Canada, as well as many other commodity based economies, had been badly effected by … Read more GBP to CAD forecast May 2016

CAD strengthens after GDP figures

Canadian Dollar forecast It has been a big day for both sides of the Sterling to Canadian Dollar cross with some influential data having some unexpected results. In the last 24 hours the GBP/CAD exchange rates have dropped off dramatically to around 1.8480 at the lows. This fall in exchange rates has made it a … Read more CAD strengthens after GDP figures

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

Bank of Canada ends forward guidance

GBP/CAD exchange rates flat despite heavy data releases Despite a busy week as far as data goes, last weeks trading remained fairly flat throughout. We had an interest rate decision from both the Bank of England and Canada, which both decided to leave them on hold for another month running. Retail sales from both sides of … Read more Bank of Canada ends forward guidance

Canadian Dollar Movements and Forecasts

What has moved the Canadian Dollar? After the UK Bank holiday on Monday and no data from Canada, the week really kicks off on Tuesday for the GBP/CAD cross. Data is still very thin on the ground today with only corporate profits from Canada and UK mortgage approvals being released throughout the day. Corporate profits show the … Read more Canadian Dollar Movements and Forecasts

Sterling falls against the Canadian Dollar

With another UK bank holiday on Monday and no data out from Canada, it was a quiet start to the week for Sterling to Canadian Dollar cross. Over the course of the week we have seen GBP/CAD exchange rates drop over a point from highs of 1.8561 to lows today of 1.8419. In today’s report we will look at … Read more Sterling falls against the Canadian Dollar

GBP/CAD exchange rates end the week falling

In today’s report we will look at why the GBP/CAD exchange rates have fallen, what will move them in the near future and how to get the best rates of exchange. UK Figures cause GBP/CAD exchange rates to fall After the long bank holiday weekend, we have seen Sterling steadily climb against the Canadian Dollar for the … Read more GBP/CAD exchange rates end the week falling