Author Archives: Daniel J

Sterling rallys against the Canadian Dollar following inflation data release (Daniel Johnson)

Will Sterling gains be short lived against CAD? Sterling has strengthen against the Canadian dollar following a a rise in UK inflation. GBP/CAD now sits above 1.61.  The reason for the rise for Sterling was Consumer Price Index (CPI) data. CPI is a measure of inflation, if provides a comparison in price changes on goods and […]

Bank of Canada raise interest rates for the second time in a row (Daniel Johnson)

Rate Hike causes significant Canadian Dollar strength The Bank of Canada (BOC) have raised interest rates for the second time running. Rates had already risen from 0.5% to 0.75% at the previous meeting and now in a shock move we have see another rise today 1%. This is a very rate and bold move as […]

Politics and Brexit hold back the Pound (Daniel Johnson)

CAD moves from strength to strength The Canadian Dollar continues to strengthen against the pound. There has been a recent rate hike by the Bank of Canada (BOC) from 0.5% to 0.75% and there is the possibility of further rate hikes in the not too distant future. The Canadian economy is currently very strong with […]

Could further Interest Rates be on the cards from the Bank of Canada? (Daniel Johnson)

Is CAD destined for further gains against Sterling? The Canadian Dollar has strengthened significantly against the pound following the recent interest hike from 0.5% to 0.75%.  We have recently seen a rise in Consumer Price Index (CPI) data. CPI measures changes in the price level of a basket of goods and services purchased by households, […]

Bank of Canada raise Interest Rate (Daniel Johnson)

Rate Hike by 0.25% The Bank of Canada yesterday raised rates  from 0.5% to 0.75%. This has been the first rise in rates in seven years.  The justification  for the hike was strong growth across all industries and there is confidence that these levels can be sustained. Sterling has weakened against the Canadian Dollar as […]

GBP/CAD – Political uncertainty plagues the Pound (Daniel Johnson)

UK politics dictating GBP/CAD The snap election was deemed to be a smart move by Theresa May, unfortunately her cunning ruse did not go to plan. With the opposition so weak it seemed as though the election would be a foregone conclusion. However, with May attacking her core voters by stating those of a specific […]

Factors that will effect GBP/CAD (Daniel Johnson)

GBP/CAD Volatility expected Sterling has found some support this week against the Canadian dollar following Saturdays terrorist attacks. where we did see the pound weaken. A month ago many were discussing whether the 1.80 resistance point could be breached. Now due to Theresa May’s snap election announcement GBP/CAD is struggling to stay in the mid […]

Canadian Dollar loses value due to Trump Tariff (Daniel Johnson)

Lumber Tariff weakens the Canadian Dollar The Canadian dollar has lost ground against Sterling following Trump’s decision to impose tariffs on lumber exports from Canada. The dairy trade dispute has escalated.  There is a new Canadian milk policy which US producers are unhappy with stating it violates the North Atlantic Free Trade Agreement (NAFTA). The […]

Theresa May calls for an election and Sterling soars in value. (Daniel Johnson)

Snap election benefits the Pound Theresa May announced on Tuesday she would be calling a general election 8th June. Historically, a snap general election would cause the currency in question to weaken, but on this occasion the opposite has occurred. The Conservatives are currently significantly in front in the polls and are solid favourites to […]