CAD exchange rates

Written by: Richard Beaumont T: 01442 892 060 CAD exchange rates effected by oil price recovery The Canadian economy, along with other commodities reliant countries have been suffering for some time with the low oil and energy prices. Oil is Canada’s largest export and since the price of oil has dropped below $28 a barrel in January, the price of the … Read more CAD exchange rates

Huge falls in GBP/CAD

Written by: Richard Beaumont T: 01442 892 060 E: [email protected]o.uk Huge falls in GBP/CAD exchange rates after some strong data. There have been huge falls in GBP/CAD exchange rates over the past week, dropping from just below 2.03 to today’s lows of under 1.97, as you will see from the graph below. To put this movement into … Read more Huge falls in GBP/CAD

Strong Pound a risk to recovery

19th March 2015 A strong Pound maybe a risk Yesterday we saw the minutes from the latest Bank of England’s Monetary Committee meeting. These suggested that the MPC feared that a strong Pound could be a risk to inflation, keeping it low for longer. It is because of weak inflation the MPC left rates on hold for another month in a row. … Read more Strong Pound a risk to recovery

UK Budget Statement affecting exchange rates

18th March 2015 Canadian Manufacturing disappoints After Sterling losing ground against the Canadian Dollar over the last week dropping below 1.90, the GBP/CAD exchange rates have stabilized yesterday when we saw the release of the latest Manufacturing Sales from Canada. These showed the difference in the total value of sales made by manufacturers in the previous month. … Read more UK Budget Statement affecting exchange rates

GBP/CHF British manufacturing and Swiss unemployment both fall

There was a shortfall of data this week from both economies, however, although there was a lack of data the figures released did enough to have a negative impact. Kicking off the week we had British retails sales year on year which was estimated at 0.5%, however, these equalled previous figures of 0.2%. Many analysts … Read more GBP/CHF British manufacturing and Swiss unemployment both fall

Sterling reaches highest level against the Euro since November 2007

Thursday 12th March 2015 Sterling reaches highest level against the Euro since November 2007 Yesterday started off exactly where Monday had ended with the Euro losing more ground against the Pound. The mid-market opened at 1.4050 after starting the week at 1.3870 and even woeful UK manufacturing figures at 09:30 (-0.5% actual against 0.2% forecast) … Read more Sterling reaches highest level against the Euro since November 2007

Large currency movements

9th March 2015 Large currency movements Last week we kicked off the month with a very volatile week in the currency markets, with several important announcements, events and milestones reached, causing large currency movements. The GBP/EUR rates are the highest since December 2007, just touching 1.39 at the end of last week. GBP/USD rates are … Read more Large currency movements

Volatile week for GBP/AUD

Pound rises from AUD$1.96 to mid $1.98s It’s been a particularly volatile week for GBP/AUD with the pound dropping from AUD $2.00 to $1.96 and then climbing back up to $1.9820 (at the time of writing). The graph below shows sterling/aussie movement over the last 7 days. GBP/AUD   The release on Tuesday of the Reserve … Read more Volatile week for GBP/AUD

Happy New Year

2014 exchange rate movements Happy New Year to all, as we welcome 2015. In today’s report, let’s kick things off by looking at where exchange rates have been in 2014 and what the main factors were in terms of movement during those 12 months. The GBP/CAD exchange rates started the year below CAD$1.75 on the mid … Read more Happy New Year