Category: CAD

Pound Exchange Rate Falls (GBP/USD, GBP/CAD) – GBP/AUD Climbs on RBA Inflation Forecast
Post

Pound Exchange Rate Falls (GBP/USD, GBP/CAD) – GBP/AUD Climbs on RBA Inflation Forecast

The Pound sank against the US Dollar (GBP/USD) and Canadian Dollar on Friday as investors awaited a busy data day. Meanwhile, the Pound was able to climb against the Australian Dollar (GBP/AUD) after Reserve Bank of Australia (RBA) Governor Phillip Lowe announced a pull-back in its inflation forecast which was further iterated in the bank’s...

GBP/USD, GBP/CAD Forecast: Pound Awaits Manufacturing Data, Fed Rate Decision, Canadian Manufacturing Ahead
Post

GBP/USD, GBP/CAD Forecast: Pound Awaits Manufacturing Data, Fed Rate Decision, Canadian Manufacturing Ahead

The Pound exchange rate has been in a tight range with the US Dollar (GBP/USD) and Canadian Dollar (GBP/CAD) so far on Wednesday, while jumping higher against the Turkish Lira (GBP/TRY) as markets await a busy day of data. UK Manufacturing Forecast to Fall – Pound Tentative The biggest ecostat for the Pound today is...

Pound Rockets Against Turkish Lira (GBP/TRY), Higher Against Canadian Dollar and Swiss Franc (GBP/CAD, GBP/CHF)
Post

Pound Rockets Against Turkish Lira (GBP/TRY), Higher Against Canadian Dollar and Swiss Franc (GBP/CAD, GBP/CHF)

The Pound to Swiss Franc (GBP/CHF) and Sterling to Canadian Dollar (GBP/CAD) exchange rates have been trending higher in Tuesday’s trading, while the Pound has rocketed against the Turkish Lira (GBP/TRY). Canadian Dollar (CAD) Exchange Rate Reacts to Oil Prices and NAFTA Comments Yesterday, oil prices tracked lower and the Canadian Dollar followed, weakening against...

Pound Exchange Rate Slips Vs Swiss Franc (GBP/CHF), Canadian Dollar (GBP/CAD), and Swedish Krona (GBP/SEK)
Post

Pound Exchange Rate Slips Vs Swiss Franc (GBP/CHF), Canadian Dollar (GBP/CAD), and Swedish Krona (GBP/SEK)

The Pound exchange rate backed away from political instability on Tuesday, falling against the Canadian Dollar (GBP/CAD) and other currency majors such as the Swiss Franc (GBP/CHF) and Swedish Krona (GBP/SEK). Today an urgent question was asked in commons after news from the Electoral Commission showed that Vote Leave broke electoral law in it’s Brexit...

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

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
Post

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
Post

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
Post

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...