By 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 [...]
Canadian Dollar Exchange Rate Forecasts
GBP-CAD Update Category
Pound Sterling to Canadian Dollar Foreign Currency Exchange Rate Forecast – CAD rallies on gold surge
Monday, July 18th, 2011Pound 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 [...]
Canadian Dollar Foreign Currency Exchange Rate Forecast – Revised estimate of fourth quarter GDP showed a worse than expected contraction…
Thursday, March 3rd, 2011by Jon Beddell Foreign Currency Market Update – GBP / CAD Update The revised estimate of fourth quarter GDP showed a worse than expected contraction in the UK economy, 0.6% instead of the 0.5% originally announced. Investors were more focussed on the inflation and interest rate theme, which has seen expectations for a rate hike [...]
Canadian Dollar Foreign Exchange Forecast – Sterling range bound…
Thursday, November 4th, 2010by Jon Beddell Foreign Currency Market Update – GBP / CAD Update Sterling got a boost last week as third quarter growth data came to the rescue on Tuesday, sending the pound sharply higher. The economy grew 0.8% in the 3 months to September, double what analysts were expecting. The 3.2% annualised rate of growth [...]
Foreign Exchange Canadian Dollar Forecast – Sterling holding its ground…
Monday, October 25th, 2010by Jon Beddell Foreign Currency Market Update – GBP / CAD Update Last Wednesday was a big day for Sterling. It started with the publication of the minutes of the latest Bank of England meeting. They revealed a 3 way split in voting among the nine strong committee, with one member voting for an interest [...]
Canadian Dollar Foreign Exchange Rate Forecast – Canadian second quarter growth figures due out today
Tuesday, August 31st, 2010by Jon Beddell Foreign Currency Market Update – GBP / CAD Update A slight upward revision to the UK’s second quarter GDP figures to 1.2% did little to lift Sterling last week as investors focus on the longer term impact of the government’s austerity measures. On the other side of the Atlantic the US suffered [...]
The Canadian dollar strengthened in the early part of last week
Monday, August 23rd, 2010by Jon Beddell Foreign Currency Market Update – GBP / CAD Update Sterling rebounded from the 1.60 level last week after data showed that retail sales rose 1.1% in July, more than the 0.4% that analysts were expecting. The minutes from the latest Bank of England meeting were released on Wednesday, quashing speculation that the [...]
Canadian Dollar Exchange Rate Forecast
Tuesday, July 27th, 2010by Jon Beddell Foreign Currency Market Update – GBP / CAD Update After twice bumping into a clear barrier at 1.6200 in early July we sold off four cents from the July 16th peak. Thursday’s market beating retail sales figures for June failed to help on Thursday, but the Pound was quick out of the [...]
Canadian Dollar Foreign Exchange Rate Forecast
Friday, July 2nd, 2010by Jon Beddell Foreign Currency Market Update – GBP / CAD Update Markets greeted the UK’s emergency budget with relief last week, bidding up the value of sterling as fears of a credit downgrade receded in light of positive initial comments by ratings agencies and economists. While making cuts that may dent economic activity, the [...]
Foreign Exchange News – Canadian Dollar Update
Friday, May 14th, 2010by Jon Beddell Foreign Currency Market Update – GBP / CAD Update Sterling has had a bad week. The election uncertainty created high levels of volatility, and the final outcome does not appear to have give the markets much comfort. Much of the downside in the GBP/CAD rate can be attributed to CAD strength as [...]
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