Tag Archives: UK economy

BoE Governor Carney Indicates UK Not Ready for Interest Rate Hike (Matthew Vassallo)

Sterling has come under further pressure this morning, following Bank of England (BoE) Mark Carney’s Mansion House speech. Carney declared that the UK isn’t yet ready for an interest rate hike, citing weak wage growth and a growing uncertainty over how Brexit negotiations will play out. GBP/CAD rates have fallen, with the Loonie gaining almost […]

Sterling Under Pressure Ahead of UK General Election (Matthew Vassallo)

Sterling has seen some of its recent losses against the CAD reversed over recent days, although the general trend has been a negative one of late. The CAD gained approximately six cents at its high last month, with GBP/CAD rates tumbling below 1.72. Despite Sterling clawing back some of these losses (current trade prices around […]

Are GBP/CAD Rates Heading for 1.80? (Matthew Vassallo)

Sterling’s recent gains against the CAD have softened of late, with the Pound falling by over two cents in the past week. With the pair now trading around 1.7650 a move through 1.80 is now unlikely in the short-term, with pressure building on the UK economy. Brexit negotiation concerns and a poor run of economic […]

Brexit Negotiations Could Halt Sterling’s Rise (Matthew Vassallo)

Sterling has made gains against the CAD over the past few weeks, with the pair now trading above 1.77. The Pound has enjoyed a positive run off the back of a run of solid economic data and global concerns around falling oil process. The price of crude oil has fallen to a five-month low, which […]

GBP/CAD Rates Fall – A Historic Day for the UK Beckons (Matthew Vassallo)

GBP/CAD rates have fallen over the past 24 hours, with the pair now trading below 1.66 again. This move came following a positive run for Sterling, which had made a move towards 1.68 before retracting. The markets focus has been on the UK Brexit for some time and today, finally, the UK will officially trigger […]

GBP/CAD Rates Fall as Brexit Fears Grow – UK Budget Update (Matthew Vassallo)

GBP/CAD rates have fallen this week, as Brexit fears grow amongst investors. The pair have fallen towards 1.63, with Sterling showing little signs of a sustained recovery ahead of the triggering of Article 50 later this month. The Pound has taken a hit across the board, despite reports that today’s UK budget will carry an […]

Where next for GBP/CAD Exchange Rates – How is Brexit Affecting the Currency Pair?

Sterling has struggled for the most part this week, with losses against most of the major currencies. However, we did see it make small against the CAD with the fall in oil prices the likely reason for this. With so much emphasis in the Canadian economy on the export of their vast oil reserves, any […]

Sterling Strength Softens – Where Next for GBP/CAD Exchange Rates? (Matthew Vassallo)

Sterling’s early year run against the CAD has softened of late, with the Pound finding resistance around 1.65. The CAD has found support over the past week, with the pair now trading around 1.63. Much of the current market sentiment is being driven by the UK’s on-going Brexit saga and with further developments over the […]

Will GBP/CAD Rates Continue to Rise? (Matthew Vassallo)

Sterling has made significant gains against the CAD over the past 10 days, with the Pound gaining over 8 cents during this period. This has provided those clients holding Sterling with some much needed respite  following some bleak months for the UK economy and an excellent opportunity to sell their sterling positions at a much […]

When Do I Trade GBP/CAD? (Matthew Vassallo)

GBP/CAD rates have dropped over the past week, with a run of inconsistent UK economic data handicapping any further Sterling advances. The pair are now trading near 1.72 on the exchange and as I eluded to in my previous posts, the Sterling strength seen earlier this month proved not to be sustainable. As such, any […]