Written by: Richard Beaumont T: 01442 892 060 E: [email protected] It has been a very volatile year so far for global exchange rates and the Sterling to Canadian Dollar cross has been no exception. In today’s report, let’s look at what data releases and events may effect the exchange rates this week. GBP/CAD Graph … Read more What is moving the Canadian Dollar exchange rates?
UK interest rates will stay low for longer The “Unreliable Boyfriend” or Mark Carney as he is better known, is living up to his nick name once again. Over the course of last year the Pound rose against a basket of major currencies, including the Canadian Dollar. GBP/CAD prices peaked at 2.0940 in August last year, rising from around … Read more UK interest rates won’t move but what about Canada’s?
Written by: Kingsley Walker Currency broker T: 01442 892071 E:[email][email protected] FOMC minutes do not surprise markets, reaction muted. Following the release of yesterday’s FOMC minutes a tightening in monetary policy looks all but certain to take place in December. As mentioned in the previous report markets will now focus their attention on subsequent rate rises … Read more FOMC minutes do not surprise markets
Written by: Richard Beaumont T: 01442 892 060 E: [email protected] Will the Canadian Dollar stop losing ground? The Sterling to Canadian Dollar exchange rates seem to have been on a one way path so far this year. Is the time finally here for the rates to level out? Recent events have seen the advance of Sterling … Read more Will the Canadian Dollar stop losing ground
Central bank still views Swiss franc as overvalued Speaking in Brussels on Tuesday, Swiss National Bank chairman, Thomas Jordan, announced that the Swiss franc was still significantly overvalued and that the bank would continue to be active in the forex market. After the SNB’s shock decision to scrap the euro peg, the franc appreciated within … Read more Reports emerge SNB continue to be active in the forex market
Is SNB deliberately weakening currency? The Swiss franc fell to a two week low today, amid rumours of central bank intervention by the Swiss National Bank (SNB) in an effort to stem its current rally. After the critical move from the SNB in January to remove the minimum peg against the euro, we saw the franc … Read more Swiss Franc hits two week low amid rumours of central bank intervention
Global monetary policies fail to materialise Sterling has been caught in a clear range over the course of the last few weeks where major changes in in global monetary policy are on the cusp of appearing but have, as yet, failed to materialise. The areas most closely scrutinised have been Europe, the US, and the … Read more Global monetary policies fail to materialise
Busy week ahead for sterling and dollar It was a relatively quiet day in terms of data on Friday, with only the European CPI flash estimate released. This came in as expected at 0.3%. We did however see some major movement on the GBP/EUR cross, with the pound dropping off from a high of €1.2633 … Read more Busy week ahead for sterling and dollar
Since the UK currency headlines have been dominated by news surrounding a possible BoE decision on interest rates, the associated speculation has been the one of the main drivers of exchange rate movements. For the past three months, the minutes from the MPC meetings have showed a 7-2 split in favour of keeping interest rates … Read more UK interest rate rise
BoE Governor’s comments cause confusion Last week the pound fell away against the Canadian Dollar among other counterparts. This was due to the Governor of the Bank of England, Mark Carney suggesting there would be no chance of an interest rate rise before the end of 2014. However, in an interview on Sunday, he contradicted himself somewhat by saying the … Read more Mixed messages from Governor Carney