The start of this week’s session has seen GBP CAD on the front foot once more, as investors’ concerns over the Greek debt crisis escalate. Foreign Currency Market Update – GBP / CAD Update The Pound had registered gains against the CAD in six of the seven sessions leading up to the release of last [...]
Exchange Rate Forecasts
Posts Tagged ‘Canadian Dollar’
Pound to Canadian Dollar Forecast – The Pound had registered gains against the CAD in six of the seven sessions leading up to the release of last Friday afternoon’s Canadian employment figures
Tuesday, May 15th, 2012The Canadian Dollar struggled to re-assert itself in the currency markets
Tuesday, May 8th, 2012The Canadian Dollar struggled to re-assert itself in the currency markets following the release of dismal Q1 GDP data at the start of last week’s session. Foreign Currency Market Update – GBP / CAD Update The Canadian Dollar struggled to re-assert itself in the currency markets following the release of dismal Q1 GDP data at [...]
The Canadian Dollar has started this week’s session firmly under the cosh
Tuesday, May 1st, 2012Yesterday’s weak Canadian growth numbers have seen the GBP CAD exchange rate break back above the 1.6000 level. Foreign Currency Market Update – GBP / CAD Update The Canadian Dollar has started this week’s session firmly under the cosh, following the release of highly disappointing Canadian GDP growth figures yesterday afternoon. The data revealed that [...]
The Canadian Dollar was strongly supported against the Pound during the early part of last week’s trading session
Tuesday, April 24th, 2012This week’s session has seen the GBP CAD exchange rate spiral to its highest level since the week leading up to last Christmas. Foreign Currency Market Update – GBP / CAD Update The Canadian Dollar was strongly supported against the Pound during the early part of last week’s trading session, taking the GBP CAD exchange [...]
The Canadian Dollar weakened against the Pound during the first half of last week’s trading session
Monday, April 16th, 2012The GBP CAD exchange rate hit its weekly high of 1.5982 in early morning trading on Thursday. Foreign Currency Market Update – GBP / CAD Update The Canadian Dollar weakened against the Pound during the first half of last week’s trading session, but recovered its poise to trade strongly in the 48 hours leading up [...]
The downward spike for GBP CAD was short-lived due to disappointing US Non-Farm Payrolls data
Wednesday, April 11th, 2012The Canadian Dollar has started this week’s session on the back foot once again. Foreign Currency Market Update – GBP / CAD Update Last week was a good news/bad news session for the Canadian Dollar, as two sets of North American employment data caused the CAD to strengthen to a two-week high against the Pound [...]
The Canadian Dollar shot up to its highest level against the Pound since Christmas week
Tuesday, April 3rd, 2012The start of this week’s session has seen a major turnaround for the GBP CAD exchange rate. Foreign Currency Market Update – GBP / CAD Update The Canadian Dollar shot up to 1.6033, its highest level against the Pound since Christmas week, during yesterday’s session in the currency markets. The spike higher for GBP CAD [...]
The Canadian Dollar put in a tame performance in the currency markets
Tuesday, March 27th, 2012Sterling garnered support in the middle part of the week, with the release of the minutes of this month’s Bank of England Monetary Policy Committee meeting. Foreign Currency Market Update – GBP / CAD Update The Canadian Dollar put in a tame performance in the currency markets last week, taking the GBP CAD exchange rate [...]
The Pound remained under pressure against the Euro
Tuesday, March 27th, 2012The Euro endured a mixed day against the U.S Dollar yesterday and retreated to lows below 1.32 last night in choppy trading conditions. Sterling / Euro and US Dollar exchange rates The Pound remained under pressure against the Euro yesterday, falling back towards 1.1950 through the course of the day, but the UK currency advanced [...]
The move against the Canadian Dollar was triggered by weaker than anticipated data
Tuesday, March 20th, 2012If oil prices do re-trace and Friday’s Canadian inflation data shows that the rate of domestic price rises is cooling, then the GBP CAD exchange rate could head higher. Foreign Currency Market Update – GBP / CAD Update The Canadian Dollar started last week’s session on the front foot, following strong US employment sector data, [...]
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