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?
Pound makes gains as wage growth continues Data released yesterday helped to dismiss underlying concerns that the UK economy was slowing down and suffering a knock-on effect from the situation in the eurozone. The day kicked off with average earnings, claimant count change and unemployment rate releases all improving on forecasts. Wage growth in the … Read more Sterling trumps counterparts after run of good data
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
UK experiences wage growth, FOMC is patient The outcome of the upcoming general election could be looking slightly rosier for Prime Minister Cameron after yesterday’s wage growth figures revealed they outstripped inflation. Workers pay has been a key policy area for Labour since the financial crisis, so the recent gains will make Mr Cameron much more confident when responding … Read more UK experiences wage growth, FOMC is patient
GBP/CAD near a 9 month low against sterling The GBP/CAD exchange rate was close to a 9 month low this morning, making this the most expensive time to buy the Canadian dollar since the beginning of January 2014. The price of crude oil has dropped for an eighth week in a row which, according to Reuters, is the … Read more GBP/CAD near a 9 month low
It looks like a busy week for the GBP/CAD exchange rates with some very important data out from both sides of the cross. In today’s report we will look at what will move the exchange rates, where they are heading and how global growth is effecting the Pound. UK economic growth changes course After the pound … Read more Growth in the UK gloomier
GBP/AUD Drops to Two-Month Low Sterling was left on the back foot on Tuesday morning as UK inflation figures pushed GBP/AUD down in to the 1.78’s, its lowest level since early June. The pound has come under pressure over the last few weeks after some worse than expected data, coupled with Mark Carney’s speech … Read more GBP/AUD Falls After UK Inflation Data
GBP/AUD Trading in Low 1.81’s Despite data releases from Australia over the last 24 hours there has been little movement in the sterling/aussie cross. In fact, there has been little movement at all for the pair over the last week. Business confidence data from Australia showed an improvement in conditions yet the Aussie failed … Read more GBP/AUD Remains in Tight Range