Fed hikes interest rate by 75 basis points with key BoE meeting looming

Yesterday evening the US federal reserve raised interest rates by 75 basis points. Raising the policy rate from 2.5% to 3.25%. This is the third 75 basis point hike in as many meetings by the Fed, highlighting again their intention to take a strong stance on inflation levels that have spiralled out of control. "The committee is strongly committed to returning inflation to its 2% objective," the Fed said in a statement. Markets now expect US interest rates to finish the year above 4%. For...
Pound to Euro rate continues to fall, making history in the process

Pound Sterling losses continue as cost of living crisis dominates headlines – New Prime...

Sterling exchange rates have continues to drift to kick start a new trading week, as the cost of living crisis dominates headlines across UK media. With today being an important day for UK politics as we see the announcement of the winner in the Conservative party leadership contest, and ultimately who will be the new Prime Minister, they will almost instantaneously have to announce how they plan to combat what appears to be an extremely challenging winter for the majority of households and businesses. It is...
GBP to EUR Forecast: Will Sterling See Further Losses Against the Euro?

Sterling exchange rates continue to slide – How low can the pound go?

Sterling exchange rates have seen further losses against both Euro and Dollar over the course of the trading week, as investors and speculators alike have made it clear there is a lack of confidence in the Pound at present. With the cost of living crisis bearing down on the UK economy and a prolonged recession on the cards we have started to witness a move away from the pound and it appears that it is being treated much more like a riskier currency rather than...
Gbp to Cad Exchange Rate Hits a 1-Month High as Risk Appetite Returns to Global Markets

GBP/CAD Exchange Rate Slips in Early New Year Trade as Canadian Dollar Advances

The GBP/CAD exchange rate has slipped in the early New Year trading as the Canadian dollar rose above all major competitors bar the Japanese Yen. The outlook for the upcoming week suggests that the rate will bare neutral but the charts are suggesting this may not be the case and argue for further losses. Resilient Loonie Pushes Forward Despite US Air-Strikes on Iran Last week the Canadian dollar broke through and kept the GBP under pressure as the CAD surpassed the 1.30 resistance level against...
Flat Rate for Canadian Dollar as GDP Data Looms

Flat Rate for Canadian Dollar as GDP Data Looms

The Canadian Dollar has seen its rate flatten towards the end of this week. Today marks the day of the release of the GDP data for Canada. The GDP data is released on a monthly basis and recent performance in the second half of 2010 has been poor. GDP Data Looks to Avoid Recent Trends for 2019 For 2019, the GDP data of Canada has not been inspiring. Soft releases have been seen and this has not convinced economists that the future GDP result will be...
Pound to Canadian Dollar Outlook: CAD to Continue Oil Price Weakness with BoC Rate Decision Up Ahead

A Steady Canadian Dollar Ensues Following a Lift in Wholesale Trading and Gives an...

The Canadian dollar has had a bumpy couple of weeks. In recent news head figures from the Bank of Canada (BoC) gave speeches, in these speeches they contradicted each other in regard to their monetary policies. One member preferred a dovish approach and the other suggesting this approach was not the proposed direction at all. Since then, speeches from other head figures at the BoC have arisen which have given back some gains to the Canadian dollar. The CAD appears to be settling following...
Gbp to Cad Exchange Rate Hits a 1-Month High as Risk Appetite Returns to Global Markets

Positive Lift for Canadian Dollar Following Poloz’ Speech, but Uncertainty Lingers

The Canadian dollar was given a needed boost yesterday, after its recent 10-day low. The Bank of Canada’s (BoC) Governor Stephen Poloz gave a speech which added fuel to the fire for the ‘Loonie’. He touched on the Canadian interest rates and appeared positive despite the speech made from Carolyn Wilkins, another BoC governor just days before which was received as a sell-off. Poloz Describes Canadian Interest Rates as “About Right”</h2< In his speech, Stephen Poloz described the current Canadian interest rates as “about right”. This...
GBP to CAD Rate: Sterling Gains Against the Canadian Dollar Ahead of Bank of Canada Statement

Pound to Canadian Dollar Forecast: Steady Tone for the Canadian Dollar Ahead of Key...

The Canadian dollar has been on the backfoot of late. With a cocktail of the stalling US-China trade war and a fall in the price of oil (Canada’s largest export commodity) standing firmly on top of their worries. This week has started off on a more positive note for the ‘Loonie’. This week will see the released of some key domestic data for Canada and some important speeches which may give an insight into the Bank of Canada’s (BoC) future way path concerning their...
CAD Weakens Due to Worst Mass Murder in 30 Years Announced on Sunday

Canadian Dollar Holds Steady but Remains Wary Following Recent US-China Trade Conflict

For weeks the US-China trade war has raged on; talks appeared promising previously but recent underwhelming speeches from president Trump have put doubts in investors’ heads. The CAD is heavily influenced on the moves made by its close counterpart the USD. With trade talks thinning out, investors have become wary of the chance of the deal not going through. US Appears to Show Little Concern for Achieving a Deal Recent news has suggested that the US is appearing to show little concern for the result of...
GBPCAD Rates: Lack of Faith in the Pound Highlighted by Oil Crisis?

GBPCAD Exchange Rate on the Rise with Brexit Party Ruling Out Tory Seat Contention

The GBPCAD interbank exchange rate has been volatile of late, mainly due to the uncertainties surrounding Brexit. Recent revelations from the Brexit Party have given the GBPCAD exchange rate a lift as they announced they will not be contesting for Conservative seats in the upcoming election Brexit party announces Leave alliance With Nigel Farage, the leader of the Brexit Party announcing that the party will not battle for the 317 Conservative seats which were won in 2017, the Conservatives will be puffing a huge sigh of...