US Dollar Stumbles on Powell’s Tapering Speech, Pound Fluctuates amid UK Economic Concerns

USD

The US Dollar came under some notable pressure this week, after the Federal Reserve’s Jerome Powell confirmed tapering would start by the end of the year but still offered no firm timetable.  At the same time, the Pound was infused with volatility this week as a result of fears over the resilience of the UK … Read more US Dollar Stumbles on Powell’s Tapering Speech, Pound Fluctuates amid UK Economic Concerns

US Dollar Soars in Bearish Trade, Pound Undermined by Weak Data and Coronavirus Concerns

US Dollar

The US Dollar skyrocketed this week, as souring market sentiment saw investors flock to the safe-haven currency.  At the same time, the Pound came under some notable pressure this week as a result of some weak data and a worrying rise in domestic coronavirus cases.  Pound Tumbles on Coronavirus Concerns  GBP/EUR – Up one cent … Read more US Dollar Soars in Bearish Trade, Pound Undermined by Weak Data and Coronavirus Concerns

US Dollar Infused with Volatility by Fluctuating Treasury Yields

US Dollar

Pound News: GBP Flat amidst Lull in Data  The Pound (GBP) is rangebound at the start of this week’s session as a lack of notable UK data releases leaves Sterling without any strong directional bias.  GBP investors continue to look to domestic coronavirus developments for fresh impetus, but a modest rise in new cases continues … Read more US Dollar Infused with Volatility by Fluctuating Treasury Yields

Pound Soars amid Decline in UK Coronavirus Cases, US Dollar Plummets on Dovish Fed Policy Statement

pound receeding

The Pound enjoyed strong support this week, as a result of a sustained decline in domestic coronavirus cases, as well as some positive Brexit headlines.   At the same time, the US Dollar faced some notable headwinds, in response to a dovish policy statement from the Federal Reserve as well as an underwhelming US GDP release.  … Read more Pound Soars amid Decline in UK Coronavirus Cases, US Dollar Plummets on Dovish Fed Policy Statement

Pound Slumps as ‘Freedom Day’ Overshadowed by Coronavirus Concerns, Euro Weakens as ECB to Leave Interest Rates at Record Lows for Longer

pound receeding

The Pound faced some significant headwinds at the start of this week as England’s ‘freedom day’ was undermined by a worrying jump in domestic coronavirus infections.  At the same time, the Euro faltered in the wake of the European Central Bank’s (ECB) latest rate decision as the bank signalled that interest rates are likely to remain … Read more Pound Slumps as ‘Freedom Day’ Overshadowed by Coronavirus Concerns, Euro Weakens as ECB to Leave Interest Rates at Record Lows for Longer

Canadian Trade Balance Weakens the Loonie

Written by: Richard Beaumont T: 01442 892 060 Canadian dollar exchange rates The Canadian dollar has had a poor start to the week so far, dropping against both sterling and the US dollar. Over the course of the last 24 hours we have seen USD/CAD move from lows of just above 1.30 to highs of … Read more Canadian Trade Balance Weakens the Loonie

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

Canadian Dollar outlook

Canadian Dollar outlook After the long weekend the GBP/CAD exchange rates have been fairly subdued so far this week. Mid market prices have only fluctuated between a small range from around 1.8850 to lows of just above 1.87. To put this into real terms, a typical property purchase of $200,000 would cost you around £1000 … Read more Canadian Dollar outlook

Canadian Dollar rates

Written by: Richard Beaumont T: 01442 892 060 Canadian Dollar cheaper to buy Despite only some minor data out yesterday, the GBP/CAD exchange rates continued on a volatile path, with trading up around a point and a half from yesterday morning. Despite some much better than expected housing starts numbers from Canada, the much worse than … Read more Canadian Dollar rates

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