Huge falls in GBP/CAD

Written by: Richard Beaumont T: 01442 892 060 E: [email protected] 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

Canadian Dollar starts the week on a downward trend

Loonie starts on downward trend This week we kick things off with some important data from Canada. This was in the form of Canadian Manufacturing Sales which came in well below forecast and started the Loonie on a downward trend. The Figure were forecast to show a decline of -1.3% but when the actual numbers … Read more Canadian Dollar starts the week on a downward trend

Wholesale Sales bring down CAD

21st April 2015 Oil prices lifting the Loonie This morning the Canadian Dollar started to gain against a host of major currencies including the USD, GBP and EUR before dropping back this afternoon. In todays report let’s look at what is causing the exchange rates to move and how to get the best exchange rates. The … Read more Wholesale Sales bring down CAD

Canadian data boosts the Loonie

Canadian data strengthens the Loonie The Loonie had a good run to end the week with Canadian data beating expectations. After the bad run from sterling, following Mr Carney’s dovish comments earlier in the week suggesting the Bank of England (BoE) would keep interest rates on hold a lot longer than previously expected, the GBP/CAD … Read more Canadian data boosts the Loonie