GBP to CAD Rate: Sterling Gains Against the Canadian Dollar Ahead of Bank of Canada Statement

Should I buy Canadian dollars now?

Its been a tough couple of days for the Canadian dollar vs Sterling so should you buy Canadian dollars now? Yesterday the Bank of Canada kept interest rates on hold at 1.75% and thereafter provided an extremely dovish statement which was a surprise to the markets. The Central Bank stated that a sharp fall in oil prices, which will likely to have an impact on economic growth was the main concern, and the trade war between the US and China is still a concern for...
GBP to AUD Rate Weakens as the Aussie Strengthens on Positive Economic Data

GBP to AUD Exchange Rate at New 41-Month High as Boris Wins an Election...

On possibly one of the biggest days in the UK’s political history, the GBP slipped amidst jitters from the outcome the election. Fear and uncertainty has weighed on the GBP whilst the AUD continues its strong form, tipping the GBP/AUD exchange rate in its favour. However, with the results being announced that the Tory Party won a majority in government, the pound has sharply rose this morning as they held their power in the UK. Pound Suffers Losses as Election Deadline Arrives but Sharply Claws...
EU summit to influence the Sterling to Euro rates this weekend

Sterling forecasts – How to play the markets

GBPEUR rates has returned back to a volatile trading pattern as the new month has started. This is due to the economic data cycle starting again with a lot of updates on the economic health of the countries around the world. We have already had PMI data sets for the UK’s manufacturing sector and Service sector. These were mixed with manufacturing worse than expected and the service sector exceeding what had been expected. This is one of the reasons why the GBPEUR rates have...
Pound to Euro Forecast: UK Purchasing Managers Index to Affect GBPEUR Exchange Rate

Factors influencing Pound vs Euro exchange rates

Since the middle of September 2017 GBPEUR exchange rates have fluctuated between 1.11 and 1.1370, however one day in January exchange rates broke through 1.14 which provided fantastic opportunity for clients buying euros. On going Brexit negotiations have driven the price of sterling and any positive news has pushed GBPEUR close to 1.13, where as negative news GBPEUR has dropped to the lower 1.11s. Next week the EU will hold the EU summit on Thursday and Friday and this event has the potential to have...
The Pound to Euro and Dollar Forecast Ahead of Easing UK Lockdown Measures

Pound to US Dollar forecast: How will Non-Farm Payroll data affect GBP/USD exchange rates?

Will Non-Farm Payroll data affect the pound to US dollar forecast? Today is a key date in the economic calendar with the latest US Non-Farm Payroll data released. Due on the first Friday of every month, the information relates to the changes in on-agricultural employment in the United States. It is highly regarded as a key barometer of the US labour market and will provide us with insight into the latest developments in the US economy. Expectations are for the data to show a drop...

Will the Pound to Euro rate go up or down?

Will the pound or Euro go up or down in the coming weeks or months is a very valid question as there are so many upcoming events to move the rates. I would predict a range of 1.13-1.20 in the coming weeks as we get answers to some very important questions over Brexit and European affairs. If there is one thing the currency markets are not fond of it is political uncertainty. Markets can just about digest economic uncertainty as investors are used to assessing...
The US launch a significant stimulus package to stem the economic impact of the Coronavirus pandemic

RBS and Natwest to close foreign currency accounts – Will this affect you? We...

We have heard recently from a number of existing clients that RBS and Natwest are to close all foreign currency accounts in the very near future. If this is to affect you and you would like to discuss it in further detail then feel free to contact me directly as the company I work for specialise in getting much better rates of exchange than the banks and we can also hold funds in a foreign currency in a client account on your behalf, so if...
GBPAUD Volatility Remains High as Economic Data Takes Centre Stage

Pound to Australian Dollar rate: RBA interest rate decision and Brexit to drive GBP/AUD...

Could Australian interest rates be cut further next week? The pound to Australian dollar exchange rate has been trading between 1.83-1.84 during the course of this week. The economic data from Australia has been rather negative recently and this means we could see an interest rate cut coming in the near future. Yesterday Reserve Bank of Australia Governor Philip Lowe suggested that the economy is at a 'gently turning point.' According to reports from Bloomberg the expectation of an interest rate cut next week is...
GBP Holds Firm as UK Delivers 2020 Budget After Emergency Rate Cut

Why is the Pound Losing Value?

The Pound has come under increasing pressure over the past few weeks and despite a slight realignment today, the general trend for the start of 2016 is certainly a negative one. The Pound has so far struggled to replicate the positive sentiment it had for much of last year and this is down to a number of factors. GBP/EUR rates have dropped by approximately 9 cents from the highs of last summer and even over the past month, we have seen a drop from 1.40....
Pound to Australian Dollar Forecast: UK policymakers talk down the Pound

GBP to AUD Forecast: Will the Pound continue to improve against the Australian Dollar?

GBP to AUD Forecast: The Pound continues its fantastic run against the Australian Dollar The Pound has been performing very well against the Australian Dollar in recent weeks gaining by as much as 9 cents since the start of December. This is a difference of £5,850 on a currency transfer of AUD $200,000. This particular statistic highlights the importance of keeping up to date with what is happening to the foreign exchange markets and especially the GBP/AUD exchange rate which has moved a huge amount in...