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Canadian Dollar Hits Near Four-Week Low as GBP Climbs to Reverse BoE Rate Cut Bets

CAD Forecast – Why is the CAD Struggling Despite Wednesday’s Interest Rate Hike? (Matthew...

The CAD has found life tough going of late, struggling to make any significant impact against Sterling since the turn of the year. GBP/CAD rates move back above 1.73 overnight and although the CAD found some support around this level, the current trend is somewhat baffling considering the relative health of the UK & Canadian economies. The uncertainty surrounding Brexit is having a huge impact on investors risk appetite for the Pound. Despite talks progressing to phase two, it has done little to dispel the current...
Pound to Canadian Dollar rate hits 20 month low could further falls be in store for the Pound

Expect substantial volatility today for CAD Rates

In an hour at 9:30am GMT inflation data for the UK economy will be released. Recently the data released from the UK economy has been extremely poor in this area. Inflation actually fell to a negative deflationary number last month but is expected to rebound this morning. Deflation in principle is considered disastrous for an economy. Japan entered a deflationary spiral which is could not escape from for 20 years. An increase in the inflation number this morning will spell Sterling strength and we...
Canadian Outlook Questioned Despite Maintaining Cash Rate as GBP Awaits BoE Decision

Sterling predicted to fall further in 2018, should you exchange your Pounds now? (Joseph...

This morning could be important for Sterling exchange rates as UK trade balance figures for the Pound are due to be released. UK Trade balance figures are important because they will demonstrate the gap between what Britain buys from the rest of the world versus what it sells back. This update comes at a time that major Swiss lender, UBS have highlighted the growing imbalance in the UK's trade book which is the highest of all G7 countries. Due to the uncertainty surrounding the UK economy...
Pound to Canadian Dollar rate hits 20 month low could further falls be in store for the Pound

Canadian GDP (Growth) figures key for how we see CAD end the week

It has not been a great week for the Canadian Dollar against most majors, seeing a slight dip in value over the course of the week. The Canadian Dollar was actually the worst performing of all the major currencies on Tuesday and it does appear that investors have slight concerns on how growth figures (released tomorrow) are due to come out. Expectations are for month on month figures for December to post a figure of a mere 0.1% growth from 0.4% last time around, which would more...
Pound to Euro forecast Sterling slides against major currencies as Brexit negotiations stall

GBP/CAD exchange rates

GBP/CAD exchange rates are set to be the focus for markets today with a host of UK economic data to be released with the potential to cause serious volatility in Sterling's value. Furthermore, Governor Poloz of the Bank of Canada will be speaking this afternoon - his recent mention of negative interest rates mean that markets will listening intently to his intentions for the economy now that crude oil prices have hit an 11 year low. Today UK inflation data will likely cause the fifth consecutive...
GBP to EUR Forecast: Will the 2020 Pound Sterling Highs to Buy Euros Remain?

The impact of a US interest rate hike on the Canadian Dollar (Tom Holian)

In just a few hours time the US Federal Reserve are likely to be increasing interest rates for the third and final time this year. This will be Janet Yellen's final monetary policy conference before she leaves in February and it would be a major surprise if no rate hike occurs. The Bank of Canada have kept interest rates on hold on the previous occasion but it may not be too long before they have to look at their own monetary policy in the months ahead. As...
Canadian Dollar Hits Near Four-Week Low as GBP Climbs to Reverse BoE Rate Cut Bets

Will the Pound have a positive end to the week against the Canadian Dollar?

In the last few days the Canadian Dollar has improved against the Pound after the Bank of England decided to once again keep interest rates on hold. The split was 7-2 in favour of keeping rates the same which came as no surprise but the real surprise was a huge downgrading of the UK's growth forecasts for 2018. Previously in February the forecast for this year was 1.8% but since then the forecast was now been changed to 1.4% and this caused a big sell...
Pound to Euro rate near 26-week high on low ‘No Deal’ Brexit risk

Pound wobbly against Canadian Dollar as we await UK inflation data (Joshua Privett)

Pound to Canadian Dollar exchange rates have experienced a wobbly beginning to the day as we wait for UK inflation data to be released this morning. Initially Asian trading brought in some issues and then when the baton was passed to European trading this morning when it opened the deflation on the exchange rates became much more visible. The reason why inflation data at the moment is having an exaggerated effect even before the news is released, can be explained with an assessment of recent Bank...
GBP/CAD Exchange Rate Holds Steady as Investors Wait for US Fed Rate Decision and UK Election Outcome

Canadain dollar value set to fall

The Canadian dollar has lost ground today off the back of oil prices taking a tumble. Oil is Canada's largest export and there is a direct correlation between oil and the price of the Canadian dollar. However its not oil prices that I would be concerned about if needed to convert Canadian dollars into a foreign currency anytime soon. The Canadian people should be keeping a close eye on US President Donald Trump as the President has been making it clear that he plans to...
Pound to Euro rate near 26-week high on low ‘No Deal’ Brexit risk

UK GDP figures come in stronger than expected, GBP/CAD rates spike back up

We are back to where we started on Monday, with GBP/CAD rates holding back up in the high 2.02's following a strong showing by the UK economy in the recent release of GDP figures for the second quarter of 2015. Between April and June initial figures show that the UK economy grew by 0.7%...a surprise as recent figures had shown a contraction last month in certain sectors of the economy, such as retail. Because markets were expecting a poor showing for Sterling, rates journeyed down...