Tuesday, August 14, 2018

Why did the Canadian Dollar fall when interest rates were hiked? (Joseph Wright)

Yesterday the Bank of Canada chose to raise interest rates for the third time in the last year. The interest rate now sits at 1.25% and those that decide on making the decision to change...

Canadian Dollar drops in line with oil weakness, will GBP/CAD continue to climb? (Joseph...

The Pound to Canadian Dollar rate breached the 1.70 mark once again this morning, after previously hitting that level back on the first day on this month. Mid-market levels of 1.70 are the highest since...

Will uncertainty surrounding the UK government push the Pound lower? (Joseph Wright)

The Pound to Canadian Dollar rate, despite trading within quite a wide range over the past year is actually flat on an annualised basis, after the Pound has lost quite a lot of value...

Sterling boosted on talk of a potential 2-year transition period, will GBP/CAD continue to...

The Pound traded in quite a volatile fashion yesterday after a number of mixed messages were sent by key Brexit personnel. The end of the 5th round of Brexit negotiations lead the UK's Brexit Secretary,...
Rate to buy Canadian Dollars with Pounds drops to its lowest level since November 2017

Pound to Canadian Dollar rate holds firm above 1.65, what data could impact the...

The Pound has had quite a positive day during today's trading session, after some better than expected economic data was released this morning. After a disappointing day yesterday when it was revealed that the construction...
Employment and inflation data key to GBP/CAD as the week nears an end

Theresa May speech – Will GBPCAD keep rising?

GBPCAD has been rising to fresh highs as a much stronger pound and also a weaker Canadian dollar combine to present some excellent fresh opportunities to buy Canadian dollars. The pound is stronger on...

Will Brexit concerns continue to drive GBP/CAD downward? (Joseph Wright)

The Pound to Canadian Dollar exchange rate has continued its downward trend during today's trading session, and I think it will be interesting to see whether 1.60 manages to act as a support level...
Bank of England Interest Rate Decision - how could this impact GBPCAD rates?

Pound to Canadian Dollar rate getting closer to post-Brexit vote lows (Joseph Wright)

When compared with the Canadian Dollar, the Pound isn't in as bad a position as it is when compared with the Euros for example. Since the Brexit vote last June the lowest the GBP/CAD rate...

Pound slides after latest Bank of England comments, will the GBP to CAD rate...

The Bank of England yesterday opted to keep interest rates on hold, and whilst this was expected it was the less bullish voting patterns and dovish comments from the BoE's governor that caused the...
Employment and inflation data key to GBP/CAD as the week nears an end

Pound to Canadian Dollar rate hits a 3-month low after BoE member fails to...

Investors and clients hoping to change Pound into Canadian Dollars at higher rates have been left disappointed today. In this flat market many within the financial services has been awaiting the comments from Bank of...