This week’s session has seen the Canadian Dollar maintain Friday’s positive momentum. Foreign Currency Market Update – GBP / CAD Update Last week’s session brought significant fluctuations in the GBP CAD market, with an intra-week trading range of over three cents for the pair. The Canadian Dollar came under selling pressure in the early part [...]
Exchange Rate Forecasts
Posts Tagged ‘Canadian Dollar’
The Canadian Dollar came under selling pressure in the early part of the week
Monday, March 12th, 2012The GBP CAD exchange rate steadily lost ground throughout last week’s session
Tuesday, March 6th, 2012The upward excursion to 1.5943, which was the pair’s highest level since the week after Christmas 2011, did not last for long. Foreign Currency Market Update – GBP / CAD Update The GBP CAD exchange rate steadily lost ground throughout last week’s session, following Monday morning’s brief spike above the 1.5900 level. However, the upward [...]
The Pound staged an impressive rally against the Canadian Dollar
Monday, February 27th, 2012The Canadian Dollar has come under sustained selling pressure during the last three sessions in the currency market. Foreign Currency Market Update – GBP / CAD Update The Pound staged an impressive rally against the Canadian Dollar in the 48 hours leading up to last Friday’s market close. The forward move for GBP CAD was [...]
The Pound tested lower against the Canadian Dollar during last week’s session
Monday, February 20th, 2012With the exception of a brief break of 1.5900 and a couple of downside breaks, one of which culminated in a 5-month low of 1.5545. Foreign Currency Market Update – GBP / CAD Update The Pound tested lower against the Canadian Dollar during last week’s session, trading down to 1.5591 on Wednesday. Significantly, the downward [...]
The GBP CAD exchange rate showed signs of a revival over the past seven days
Tuesday, February 7th, 2012If it wasn’t for last Friday afternoon’s key US Non-Farm Payroll data, which showed that the world’s leading economy had generated a mammoth 243,000 new jobs in January. Foreign Currency Market Update – GBP / CAD Update The GBP CAD exchange rate showed signs of a revival over the past seven days, as it continued [...]
The GBP CAD rate has recovered from the 4-month low of 1.5545
Tuesday, January 31st, 2012The Canadian Dollar is looking resilient. Even last Friday’s weaker than anticipated growth data for Canada’s major trading partner, the US, failed to cause the CAD to weaken. Foreign Currency Market Update – GBP / CAD Update The GBP CAD rate has recovered from the 4-month low of 1.5545 which it reached on 17th January [...]
The Pound has been down on its luck against the Canadian Dollar for the past month or more
Wednesday, January 25th, 2012Having broken down to a key low of 1.5545 last Tuesday and then convincingly rejected it, GBP CAD will need a fundamental push in order to make a renewed run at this level. By John Cameron Foreign Currency Market Update – GBP / CAD Update The Pound has been down on its luck against the [...]
Pound Sterling to Canadian Dollar Foreign Currency Exchange Rate Forecast – Sterling Rebounds from Technical Support
Thursday, July 28th, 2011By Jon Beddell Foreign Currency Market Update – GBP / CAD Update Last week’s UK economic data was closely watched but did not produce any major surprises. The UK’s monetary policy committee voted 7-2 to keep interest rates at record lows this month according to the minutes released last Wednesday. The two dissenters were in [...]
Pound Sterling to Canadian Dollar Foreign Currency Exchange Rate Forecast – CAD rallies on gold surge
Monday, July 18th, 2011By Jon Beddell Foreign Currency Market Update – GBP / CAD Update Sterling has declined 6% against the so called Loonie since touching 1.61 in early June. There was a brief turnaround a couple of weeks ago as the Pound rebounded from the lows, but any positive momentum soon waned and at best the last [...]
Pound Sterling to Canadian Dollar Foreign Currency Exchange Rate Forecast – The Canadian dollar had a good week
Wednesday, June 15th, 2011By Jon Beddell Foreign Currency Market Update – GBP / CAD Update UK industrial production fell 1.2% on the year in figures released last week, compared to expectations of no change. That was largely accounted for by a 1.7% fall in the month of April. Interest rates were kept on hold in perhaps the least [...]
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