Tag Archives: UK economy

GBP/CAD Forecast – CAD Finds Support Following Sterling Spike (Matthew Vassallo)

GBP/CAD rates have fallen during Tuesday’s trading, as the CAD found some support around 1.70. The CAD hit a high of 1.6873, giving it some much needed respite following the recent loses against Sterling. Sterling’s performance against the CAD has not been mirrored against most of the other major currencies and therefore the recent spike […]

CAD Strengthens Following BoE Interest Rate Decision (Matthew Vassallo)

Yesterday’s much anticipated Bank of England (BoE) didn’t’ fail to disappoint, although the outcome for the markets was perhaps more unexpected. GBP/CAD rates dropped to towards 1.67 and despite a recent downturn in the Canadian economy, the CAD gained over two cents against the Pound. GBP/CAD had been trading comfortably above 1.70 last week and […]

GBP/CAD Forecast – UK & Canadian Economic Activity Slowing (Matthew Vassallo)

GBP/CAD rates have remained flat during Wednesday’s trading thus far, floating around 1.65 on the market exchange. Investors remain sceptical as to which direction both the UK & Canadian economy may take, with both under pressure for various reasons. Looking at the UK and the Pound’s value has decreased over recent months dropping, by over […]

GBP/CAD Forecast – CAD Befitting From Sterling’s Downturn (Matthew Vassallo)

The CAD has found support against Sterling, after a difficult week for the UK economy. Poor Manufacturing & Construction PMI data early this week set the trend, with the negative fallout from UK Prime Minster Theresa May’s speech putting further pressure on the Pound. The CAD itself has been a mixed performer of late, dropping […]

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 […]