Tag Archives: Bank of England

Will the Pound continue to climb vs the Canadian Dollar, and what factors could impact it? (Joseph Wright)

The Pound has been climbing against all major currency pairs recently, after sentiment has improved surrounding the UK economy quite dramatically in recent weeks. It seemed to get a shot in arm a few weeks back when both Spain and the Netherlands announced that they want post-Brexit conditions to remain conducive to business continuing as […]

Canadian Dollar suffers despite rate hike (Daniel Johnson)

NAFTA is a cause for concern for CAD The Bank of Canada (BOC) decided raise rates last week after positive economic data, particularly unemployment, which plunged to the lowest levels in forty years. Common belief would be to assume a rate hike means a stronger currency, this is not always the case. The market moves […]

Why did the Canadian Dollar fall when interest rates were hiked? (Joseph Wright)

Yesterday the Bank of Canada chose to raise interest rates for the third time in the last year. The interest rate now sits at 1.25% and those that decide on making the decision to change interest rates have stated that this decision can be put down to increasing inflation levels, and an a strong Canadian […]

NAFTA Breakdown threatens the Canadian Dollar? (Daniel Johnson)

NAFTA Negotiations are set to be problematic. The North American Free Trade agreement is key to the health of the Canadian economy. The agreement between the US, Canada and Mexico is under threat as US President , Donald Trump feels the deal is nowhere near as beneficial as it should be to the US. Canada […]

Will uncertainty surrounding the UK government push the Pound lower? (Joseph Wright)

The Pound to Canadian Dollar rate, despite trading within quite a wide range over the past year is actually flat on an annualised basis, after the Pound has lost quite a lot of value in recent weeks due to mounting pressure on the UK’s Prime Minister. There are apparently dozens of Conservative MP’s that are […]

Where next for CAD? (Daniel Johnson)

Could we see further gains for CAD? The Canadian dollar has performed well at the start of November, dropping as low as 1.65 against Sterling. Although there are worries surrounding trade between the US and Canada (the US is Canada’s biggest trade partner)  I am still of the opinion there could be further losses for […]

Sterling predicted to fall further in 2018, should you exchange your Pounds now? (Joseph Wright)

This morning could be important for Sterling exchange rates as UK trade balance figures for the Pound are due to be released. UK Trade balance figures are important because they will demonstrate the gap between what Britain buys from the rest of the world versus what it sells back. This update comes at a time […]

Pound to Canadian Dollar rate holds firm above 1.65, what data could impact the pair this week? (Joseph Wright)

The Pound has had quite a positive day during today’s trading session, after some better than expected economic data was released this morning. After a disappointing day yesterday when it was revealed that the construction sector shrunk for the first time in a year, the mood changed this morning as the services sector data came […]

Will the Bank of England increase interest rates and the impact on Canadian Dollars? (Tom Holian)

The Pound has made some very positive gains vs the Canadian Dollar during September as rumours build in the UK that the Bank of England is gearing itself up for an interest rate hike on November 2nd. Interest rates have only been moved down for the last few years in the UK so an interest […]

No further hikes for the Bank of Canada

This week Governor of the Bank of Canada Stephen Poloz surprisingly announced that interest rates wouldn’t raised again anytime soon and in fact interest rates could go either way due to fears that household debt is rising to fast. Within the same speech the governor outlined certain factors that are likely to influence interest rate […]