Pound to Canadian Dollar outlook Will Sterling struggle against the Canadian Dollar?

Flood of data today should affect CAD only indirectly

Ahead of Friday, where we'll get a transparent look into the Canadian economy through the release of their retail sales figures and their inflation data, today will see a flood of data from the EU, the UK and the US, which will see EUR-CAD, GBP-CAD, and USD-CAD experiencing severe volatility. Monetary policy statements will be announced for the UK and US economies. Markets will be looking for some indication about when interest rates will be raised in both economies. Both have had worries about 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...
Pound to Canadian Dollar exchange rate Volatility expected for GBPCAD rates ahead of Canadian general election

GBP-CAD Rises following poor shipping data (Daniel Wright)

It seems that the post below was right to point out that the data today would be significant. It seems that the Candian economy has not had enough time to successfully diversify, and as such, shipping was down more than 2% last month, as the Canadian economy still struggles to revitalise its export base. While efforts have been made to diversify the economy following the prolonged slump in oil prices throughout the world economy, it seems it is not yet translating into an equally profitable sector in...
Pound to Canadian Dollar rate hits 20 month low could further falls be in store for the Pound

GBP/CAD and EUR/CAD rates still very tempting…

A busy week ahead for data releases in the Canadian economy, as well as other major countries which will affect Canadian Dollar exchange rates against Sterling, the Euro and the US Dollar. Today Canadian Manufacturing Shipment Data will be released for the Canadian Economy. This is normally seen as a measure of demand for Canadian Goods. This data is normally a positive reflection for the Canadian economy. However, because oil prices have slumped, and price competition from the Middle East has seen Canada lose some...
Pound to Canadian Dollar Forecast Steady Tone for the Canadian Dollar Ahead of Key Domestic Data Due This Week

GBP-CAD Rates holding steady as morning trading begins (Joshua Privett)

A quiet end to the week for data releases has seen CAD exchange rates hold steady as trading begins this morning, suggesting a stable day for rates on the cards. But the long-term stability of the Canadian economy was called into question overnight on two fronts. As the post below notes, the head of the Bank of Canada talked about a potential housing crisis. While the threat is low, bothering to mention one at all was enough for some investors to leave the CAD and cause...

Sterling strength continues from yesterday…CAD falls from negative long term projections (Joshua Privett)

The surprises continued from yesterday's positive UK economic data releases. Our GDP growth for the first 3 months of 2015 came in a full 0.2% higher than expected. While that may seem miniscule, as this is a measure of  entire UK economy, the figure is substantial, and was treated as such by the Currency Markets, with a Sterling rally back up against all major currencies. Further buying opportunities for the Euro continued today for the same reason. Jeremy Stretch at CIBC World markets believes this was...
Pound to Canadian Dollar Forecast Steady Tone for the Canadian Dollar Ahead of Key Domestic Data Due This Week

Mark Carney Speech last night a lesson to currency markets (Joshua Privett)

During his annual Mansion House speech to the City of London last night, the Bank of England governor Mark Carney stated unequivocally that this was the end of 'the age of irresponsibility', with the introduction of tougher criminal sanctions for market abuse. After a host of scandals by big banks such as HSBC, RBS and Barclays where record fines in the billions were dished out for rigging the foreign exchange markets to profit hugely and illegally off of their own clients. From this you can see...
Pound to Canadian Dollar exchange rate Global trade tensions and Brexit to drive GBPCAD rates

Positive GDP figures defy market predictions (Joshua Privett)

Once more we are back in the 1.90's after strong UK Gross Domestic Product figures were released stating that the economy had grown 0.6% in the first quarter of 2015, much higher than the expected 0.4%. Markets were shocked, as the economic uncertainty of a general election, and record low inflation figures and trade deficits, all pointed towards low, or even lower than expected GDP figures. The turnaround shocked markets, and even though it was only 0.2% higher, because GDP is a measure of the overall strength...

GBP-CAD Dropping ahead of the start of trading this morning… (Joshua Privett)

It seems that markets who get to work a few hours ahead of the UK are already trading in a flurry before the numerous  data releases this morning concerning Britain's economy. As the post below details, the GDP estimates for the first quarter of 2015 are more likely to come in lower than expected for the first quarter of 2015. The UK general election, record low inflation and trade deficits, are just some of the reasons why the figures released at 2pm GMT today could come...
Trade Deficit Falls, but does not match expectations

Quiet day on the markets sees rates hold relatively stable

No real data releases of note for the UK, Canada, or the US saw rates hold relatively stable for GBP-CAD and CAD against other major currencies. The Canadian Dollar found enough strength to pull GBP-CAD rates back below 1.90 once more, as the rates seem to oscillate above and below until one of the currencies finds enough momentum to break away from this area of resistance. Tomorrow the release of UK data will likely produce enough material to cause movement one way or the other....