Author Archives: Ben

Bank of Canada Interest Rate Decision Tomorrow (Ben Fletcher)

Tomorrow afternoon the latest interest rate decision will be released by the Bank of Canada, the expectation that there will not be a change to the rate. In July at the last meeting the Monetary Policy Committee raised rates by 0.25% from 0.5% to 0.75%. This was well received by investors and the Canadian Dollar […]

Canadian Gross Domestic Product Next Week Could Boost CAD (Ben Fletcher)

The GBP/CAD  rate has been on a steady decline over the last 20 days seeing the the rate dropping from 1.66 to 1.60. The steady decline in my opinion can be attributed to CAD strength as much as Sterling weakness. The Bank of Canada recently raised interest rates from 0.5% to 0.75% and their is […]

Can Sterling Recover Against The Canadian Dollar? (Ben Fletcher)

The start of this week has been fairly difficult for people looking to purchase Canadian Dollars as the rate dropped over 2 cents. However there does appear to be some light at the end of the tunnel, with the last two days bringing gains to the GBP/CAD. Sterling in my opinion could start to have […]

Canadian Gross Domestic Product Tomorrow (Ben Fletcher)

The Canadian Dollar of late has been one of the strongest currencies, especially due to interest hike in the last few weeks. The GBP/CAD has remained in the low 1.60’s for a week now and the question is will this continue? In my opinion there isn’t to much chance with the status quo that the […]

GBP/CAD 3 Month Forecast (Ben Fletcher)

Now that the Reserve Bank of Canada have increased interest rates, it’s difficult to judge where the rate may move head next. If the Bank of Canada is to follow any of the other central banks then one interest rate hike will resolve in more. Whilst it may not be imminent that we see further […]

Bank of Canada Boost Canadian Dollar, But Oil Raises Concerns (Ben Fletcher)

The Bank of Canada raising interest rates yesterday helped the GBP/CAD rate fall to a 3 month low. However there are some concerns that may suggest the decision might be premature. The central bank have acted before the inflation level in Canada reaches the targeted 2% and with a interest rate hike there may be […]

Hawkish Bank of Canada Governor Boosts Loonie (Ben Fletcher)

The Governor of the Bank of Canada Stephen Poloz this week suggested the low interest rate in Canada had done their jobs helping unemployment fall to the lowest level in 2 years. After the Canadian economy had a tough time last year, due to the collapse in the price of oil along with the severe […]

Volatile Week for Canadian Dollar as Oil Price Crashes (Ben Fletcher)

The cost of a barrel of oil hit a 7 month low this week causing the GBP/CAD rate to finish the week a percent higher than the middle of the week. Sterling has suffered earlier in the week as Bank of England Governor Mark Carney dampened hopes of an interest rate hike in the near […]

GBP/CAD Rates drop into low 1.73’s (Ben Fletcher)

Sterling has had a steady climb against CAD over the last few weeks; however this has slowed in the last few days. With the likelihood of a FED interest rate raise before the New Year, this trend could be set to continue. Whilst commodity currencies tend to have more favourable interest rates, their risk potentials […]

Quiet Week for CAD, Busy Week for Sterling (Ben Fletcher)

This week there is a couple of minor releases from Canada on Friday however very little in the form of official data. Alternatively for Sterling there is an enormous amount of data so expect the rates to jump around this week. Tomorrow for Sterling the Consumer, Retail and Producer price indexes will all be released […]