Author Archives: Dayle L

CAD weakness because of oil prices

The Canadian dollar has lost value against all of the major currencies this week due to the decline in oil prices. Oil has taken a hit following Hurricane Harvey as it is being reported that 20% of oil refineries have been shut down due to the flooding. Regular readers will be aware that oil prices and […]

GBPCAD update

Since the start of May GBPCAD exchange rates have dropped 12 cents. To put this into monetary value a £200,000 transfer into Canadian dollars achieves you 24,000 dollars less than 3 three months ago. In recent weeks the pound has lost value against the Canadian dollar due to UK inflation numbers falling last month. Inflation […]

Is the Canadian dollar overvalued against sterling? (Dayle Littlejohn)

When studying the Canadian dollar vs Sterling exchange rates, the two main factors that have dictated exchange rate fluctuations throughout the last 12 months have been oil prices and Brexit. The Organization of the Petroleum Exporting Countries is a group that aim to unify petroleum polices and secure fair and stable prices, ruled last year […]

The impact of Article 50 on GBPCAD exchange rates (Dayle Littlejohn

Now that UK Prime Minister Theresa May has triggered Article 50 the question is where next for GBPCAD exchange rates? Yesterday the pound didn’t show a steep decline that many economists had predicted and actually rates have dropped by only 1 cent since the Prime Minister sent the letter to Brussels stating the UK would […]

Economic data releases that could impact the Canadian dollar this week (Dayle Littlejohn)

Over the next two days Canada are set to release a host of economic data releases which could have an impact on Canadian dollar exchange rates.  Today at 1.30pm, New Housing Price Index numbers released by the Statistics of Canada which measures selling prices of new residential houses is set to be released. Over the […]

GBPCAD takes a tumble (Dayle Littlejohn)

This week oil prices have continued to rise and have reached their highest levels since the beginning of February, and a barrall is now above $55.  The Organisation of Petroleum Exporting Countries (OPEC) managed to get all of the countries to cut oil production in a bid to improve the price of oil and that […]

Brexit could cause GBPCAD to fall further

Since the UK public voted in favor of leaving the European Union exchange rates have dropped 26 cents. To put this into monetary terms a 200,000 Canadian dollar purchase is now £16,900 more expensive. For Canadian dollar buyers, the House of Lords should reach a decision to whether Theresa May can trigger Article50 in the […]

Economic data releases that will impact GBPCAD exchange rates for the remainder of the week (Dayle Littlejohn)

Clients that have exposure and need to convert pounds into Canadian dollars should expect a volatile end to the week due to economic data releases throughout Fridays trading session. The UK are set to release Industrial and Manufacturing numbers at 9.30am. Monthly numbers are set to show a decline where as yearly numbers could show […]

Fluctuations expected for GBPCAD exchange rates this week (Dayle Littlejohn)

This week Canada and the UK are both set to release a host of economic data releases which have the potential to cause fluctuations that clients will wish to take advantage of. This morning the UK release Mortgage approvals and Consumer credit numbers. Mortgage approvals are set to rise however Consumer confidence is set to […]

Bank of Canada leave interest rates unchanged (Dayle Littlejohn)

Yesterday afternoon the Bank of Canada released their latest interest rate decision. No surprises rates remained at 0.5% and therefore the decision was a non event. Interest rates have a major impact on that specific currency. When a central bank hikes interest rates, investors flock to that currency for financial gain. On the other hand […]