Category: CAD

Canadian Dollar Forecast: Inflation Slips, Oil Predicted to Fall Again
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Canadian Dollar Forecast: Inflation Slips, Oil Predicted to Fall Again

The Canadian Dollar to Pound (CAD/GBP) exchange rate has been in a tight range today after Canadian ecostats were mixed and investors waited for more news on Brexit. Canadian Retail Sales and Inflation Data Prints The Canadian Dollar lost some ground to the Pound on Friday after the Canadian Consumer Price Index fell on the...

Pound to US Dollar (GBP/USD) Exchange Rate Slides as Advance Retail Sales Revised Higher, GBP/CAD Climbs
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Pound to US Dollar (GBP/USD) Exchange Rate Slides as Advance Retail Sales Revised Higher, GBP/CAD Climbs

The Pound slipped against the US Dollar (GBP/USD) on Tuesday after the latest US Advance Retail Sales number was revised higher in March. The April figure fell in line with forecasts at 0.3%, but the March figure was positively adjusted to 0.8%.  Economist James Knightly commented: ‘Employment is rising, wages are growing and tax cuts...

Pound Exchange Rate Forecast: GBP/EUR, GBP/CAD, GBP/AUD Climbing
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Pound Exchange Rate Forecast: GBP/EUR, GBP/CAD, GBP/AUD Climbing

The Pound had a poor start to Tuesday, but began to perk up slightly and limit losses as the session went on. At the time of writing, the Pound to Euro (GBP/EUR), Pound to Canadian Dollar (GBP/CAD) and Pound to Australian Dollar (GBP/AUD) exchange rates are all trending higher. Pound Offered Little Support as UK...

Pound Euro, Sterling US Dollar/Canadian Dollar Falling After BoE Interest Rate Decision and Carney Speech
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Pound Euro, Sterling US Dollar/Canadian Dollar Falling After BoE Interest Rate Decision and Carney Speech

Sterling approached the close of Thursday’s European session trading lower against both the Euro (GBP/EUR) and the US Dollar (GBP/USD) after the Bank of England (BoE) Governor Mark Carney spoke after the central bank announced it would be keeping interest rates on hold, as well as chopping down growth forecasts for 2018 from 1.8% to...

Pound (GBP), Canadian Dollar (CAD), US Dollar (USD), Euro (EUR), Exchange Rate Forecast
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Pound (GBP), Canadian Dollar (CAD), US Dollar (USD), Euro (EUR), Exchange Rate Forecast

Pound Sterling (GBP) Exchange Rate Forecast to Fluctuate on Mortgage Data The Pound could be in for some movement today with the release of the latest UK Net Consumer Credit, Mortgage Approvals, and Net Lending Secured on Dwellings ecostats. Additionally, the final Q4 Gross Domestic Product (GDP) figures are due out which could cause movement...

GBP/NZD, GBP/CAD, GBP/USD Exchange Rate Forecast: NZ GDP, US Retail Sales
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GBP/NZD, GBP/CAD, GBP/USD Exchange Rate Forecast: NZ GDP, US Retail Sales

The Pound to US Dollar (GBP/USD), Pound to Canadian Dollar (GBP/CAD), and Pound to New Zealand (GBP/NZD) exchange rates were trending lower in Wednesday’s European session. The Pound was buoyant yesterday after Phillip Hammond’s Spring Statement which gave positively revised growth forecasts for 2018 and said UK inflation would come back to target and boost...

GBP/CAD Exchange Rate Climbs Ahead of Canadian Inflation Data
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GBP/CAD Exchange Rate Climbs Ahead of Canadian Inflation Data

The Pound to Canadian Dollar (GBP/CAD) exchange rate moved slightly higher in the early hours of Friday’s European trading ahead of the highly influential Canadian inflation numbers. This afternoon, Canada will release its January Consumer Price Index (CPI) which is expected to fall from 1.9% to 1.5% on the year. Meanwhile, the UK hasn’t had...

Pound Exchange Rate Slumps  against Canadian and US Dollars (GBP/USD, GBP/CAD) as UK Retail Sales Disappoint
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Pound Exchange Rate Slumps against Canadian and US Dollars (GBP/USD, GBP/CAD) as UK Retail Sales Disappoint

The Pound exchange rate fell against the US Dollar (GBP/USD) and Canadian Dollar on Friday, after some uninspiring UK Retail Sales data. On the year, UK Retail sales slipped from 1.5% to 1.4%, despite forecasts to rise to somewhere in the region of 2.6%. Industry experts have suggested the fall is attributed to shoppers bringing...