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Canadian Dollar – Daily Market Updates keep our customers aware of the latest Canadian Dollar exchange rates, charts and rate changes in the major CAD cross currency pairs. This allows you to take advantage of any market moves plus the low margins from our online currency and foreign payment partners to ensure you get the best possible exchange rates deals.

 

Coronavirus panic drives US dollar strength

Currency rates were extremely volatile last week as the coronavirus situation worsened day by day with various countries implementing ever-tougher measures to stop the spread of the disease.

Last update: 23 Mar, 2020

Coronavirus unnerves currency markets

The strong start to the year for “risk-on” currencies is already a distant memory.

Posted: 3 Feb, 2020

New Year Optimism Retreats on US/Iran Tension

The threat of a proxy war between the US and Iran in Iraq has pared back some of the recent gains of “risk-on” currencies.

Last update: 8 Jan, 2020

Canadian Dollar in the Spotlight After Surging to 16-Week High

Lifted by oil, economic data and the Fed, the Canadian dollar has soared against the US dollar to a 16-week high and has reached even more impressive milestones against the pound, euro and Australian dollar.

Last update: 20 Jun, 2019

Booming Commodities Can’t Save Australian Dollar

The Australian dollar is at or near multi-month lows against a number of major currencies in spite of a rampant iron ore market — once a great influence on AUD.

Last update: 15 Jun, 2019

Canadian Dollar Shockingly Undervalued, Analysts Say

The Canadian dollar might be worth considerably more towards the end of this year based on research by Scotiabank analysts who describe the currency as being “egregiously” undervalued.

Last update: 13 May, 2019

Dollar Turbocharged by Economic Data; At Long-Term High Versus Euro, Franc and Krona

A turbocharged US dollar is likely to be “stronger for longer” after reaching long-term highs against a host of major currencies, including the euro, Swiss franc and Swedish krona.

Last update: 25 Apr, 2019

Canadian Dollar to Lose a Further 5 Percent, Will Soon Buy Only US$0.71 (TD Securities)

Prospects for the Canadian dollar have turned “considerably to the downside” and the currency is likely to lose 5 percent of its value this year, TD Securities has said.

Last update: 19 Mar, 2019

Canadian Dollar Still Friendless After GDP; Fair Value Much Lower

canadian-flag-Canadian-dollar-news-best-exchange-rates

After a friendless Friday, the Canadian dollar has continued to lose value at the start of the new week. Now worth C$1.332 per USD, the loonie is at a 12-day low, but it has far further to fall if CIBC’s fair value estimation of C$1.4 is anything to go by.

Last update: 4 Mar, 2019

Euro Struggles on Increased Recession Risk; Rand Outlook Worsens After Central Bank Changes Tune on Interest Rates

The euro is under siege following disappointing data and news this week that Germany barely escaped a recession in 2018. The ECB will now wait longer before raising interest rates, analysts say; however, EUR/USD will still end the year higher. In South Africa, a prediction by the country’s central bank that interest rates will be raised only once before 2021 put an end to the rand’s great start to the year.

Last update: 19 Jan, 2019

Australian Dollar, Canadian Dollar to Outperform; Yuan at 5-Month High

The Australian dollar has rallied strongly following last Thursday’s “flash crash” and, like the Canadian dollar, is expected to outperform its peers in the near term. Investors remain willing to take on risk but the US dollar remains soft. In Asia, the yuan is expected to weaken beyond ¥7 within the next 6 months.

Last update: 11 Jan, 2019

USD Nears Peak; Oil Rebound to Send CAD Higher, INR to Record Low

For the US dollar, analysts are predicting significant weakness in 2019. In contrast, the Canadian dollar will likely strengthen amid an energy market rebound, but under the same conditions the Indian rupee will slide to a record low. Cryptocurrencies, meanwhile, are trading higher but fail to inspire confidence.

Last update: 7 Jan, 2019

Undervalued Australian Dollar Higher in 2019 (CIBC); Franc, Yen at Multi-Month Highs on Haven Demand

There’s been no letup over Christmas for the Australian dollar, which continues to threaten the 70-US cents handle. The Aussie may appreciate as high as 78 cents in 2019, an expert has said. Meanwhile, safety-driven inflows have forced the franc and yen much higher, but oil prices continue to weigh heavily on the Canadian dollar.

Last update: 29 Dec, 2018

US Dollar Posts Worst Day in 7 Weeks After Fed Cuts Interest Rate Forecasts

US Dollar Exchange Rate News and Forecasts Currency USD

The US dollar was sold heavily on Thursday in the aftermath of midweek announcements by the Federal Reserve. Though the Fed raised US interest rates by 25 basis points, as widely expected, it lowered its expectations for rate hikes in 2019, to the disappointment of dollar investors.

Last update: 20 Dec, 2018

Australian Dollar Lacks Inspiration Following RBA Minutes, Looks Cheap Versus CAD, JPY

The Australian dollar continues to stagnate in the aftermath of Monday’s RBA meeting minutes and ahead of this week’s meeting of the US Federal Reserve. Barring surprises, the Aussie is likely to remain well supported against the British pound, Canadian dollar and Japanese yen.

Last update: 18 Dec, 2018

Canadian Dollar the Star After Canada Adds 94k Jobs; Expect Bitcoin at $1,500

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The Canadian dollar made widespread gains on Friday after Canada announced its largest increase in employment in 6 years. Meanwhile, the Australian dollar fell for a fifth day and cryptocurrencies continue downwards. In the absence of more robust earnings growth, traders shouldn’t expect much from the US dollar, CIBC has said.

Last update: 7 Dec, 2018

Canadian Dollar at Cheapest in 18 Months; Buy It Now Ahead of 2019 Rebound

Canadian Dollar News and Forecast CAD

The Canadian dollar fell sharply following Wednesday’s meeting of the Bank of Canada, at which the Bank appeared to imply that interest rates would rise at a slower pace than previously expected. The loonie will, though, see a great deal of support in 2019, experts have said.

Last update: 5 Dec, 2018

Petro-Currencies Struggle Amid Oil Market Plunge

Undoubtedly, the speed at which the oil market has reversed has shocked foreign exchange traders as much as it has those in the commodities space. Currencies from economies that depend on oil exports can only do so much amid what is now an energy market rout. With Tuesday bringing a twelfth consecutive day of losses for oil, the Canadian dollar, Norwegian krone, Malaysian ringgit and Mexican peso all fell to multi-month lows.

Last update: 8 Dec, 2018

AUD, NZD Lead the Pack; No Imminent Recovery for CAD (SocGen)

The Australian and New Zealand dollar currencies were way out in front this week on the list of top performing FX majors. The Canadian dollar, meanwhile, continues to suffer from what is now a technical bear market in crude oil. Sterling is again under Brexit-related pressure amid reports of potential UK ministerial resignations.

Last update: 9 Nov, 2018

GBP, AUD, NZD Jump as UK-EU Reach Deal on Financial Services

GBP Pound Sterling Brexit Deal on Financial Services

The mood was buoyant in foreign exchange markets on Thursday following news that the UK has achieved a deal with the EU on financial services that would give London’s banks continued access to European markets post-Brexit. Together with the pound, currencies that benefit from the switch to “risk on,” like the Australian dollar and New […]

Last update: 1 Nov, 2018

Canadian Dollar Gets Interest Rate Boost; Rand Dips on Budget Disappointment

The Canadian dollar received a significant boost on Wednesday after the Bank of Canada said it would “need to raise [interest rates] to a neutral stance to achieve the inflation target.” As widely expected, the BoC also hiked its benchmark rate by 25 basis points to 1.75 percent. The Canadian dollar strengthened by nearly a […]

Last update: 24 Oct, 2018

Canadian Dollar’s Near-Vertical Rally Continues as US-Canada Reach Trade Deal

NAFTA Canada-US Trade Deal Canadian Dollar Exchange Rate

What started last week as a data and OPEC-driven rally has become something of a rout, with the Canadian dollar battering other currencies again on Monday following news that Canada and the United States, together with Mexico, have finally agreed a trade deal.

Posted: 1 Oct, 2018

Australian Dollar Set for Double-Digit Rally; Will Be Worth 82 US Cents Next Year! (UBS)

UBS has added themselves to a growing list of experts predicting a broad recovery in the Australian dollar. Against the US dollar, the bank is offering a consensus-busting Aussie forecast of $0.82 for 2019 year-end, indicating a 14 percent rise from current levels.

Last update: 29 Sep, 2018

Australian Dollar Has Best Week in 9 Months; Sterling Has a Shocker

A gain last week of 1.9 percent marked the Australian dollar’s best weekly performance versus the US dollar since December. The Aussie rebound continued with a touch of the $0.73 handle on Friday. Australia’s currency had been worth less than $0.71 just 10 days earlier. It settled for the week at $0.7285. Further to gains […]

Last update: 22 Sep, 2018

Ruble Heading Higher After Surprise Rate Hike; Canadian Dollar Upside Limited, Warns MUFG

The Russian ruble climbed to a nine-day high on Friday after the Russian central bank surprised markets with a 25-basis-point increase in interest rates. In other news, MUFG are reminding traders not to expect too much from the Canadian dollar upon a US-Canada trade deal, which draws closer.

Posted: 14 Sep, 2018

AUD, CAD and NZD Continue to Fall

A better-than-expected print for Australian GDP growth was unable to prevent further Australian dollar weakness on Wednesday. After a short-lived jump on the 0.9 percent second-quarter reading (0.7 percent growth expected), the Aussie fell early in the European session to a two-year low of 71.45 US cents. In the hours following GDP, it also lost […]

Posted: 5 Sep, 2018

Frightening FX Losses in Argentina; SNB Might Intervene to Weaken Franc

The currency situation in Argentina is becoming desperate. In a single three-hour period on Thursday, the Argentine peso shed 19 percent of its value as it slid to 41.47 to the dollar. The peso had already lost 45 percent since January. With the peso’s spiral downwards, default risk in Argentina moves ever higher, resulting in […]

Last update: 31 Aug, 2018

Loonie Makes Most of US-Mexico Trade Deal but Will Struggle from Here, Says TD

The past 24 hours in markets have been dominated by news that the US and Mexico have reached a preliminary trade deal. The Mexican peso initially gained as reports came in but now trades at pre-announcement levels. The Canadian dollar gained handsomely but is set to struggle from hereon in according to Toronto-Dominion Bank.

Last update: 28 Aug, 2018

Stunning Inflation Print Makes CAD’s Day; MXN Firms on Trade Agreement Hopes

The Canadian dollar gained across the board on Friday on the back of stunning inflation data that smashed market expectations. Meanwhile, the Mexican peso continues to be this year’s best performing currency; it firmed again on Friday on rumours that Washington would soon agree to a compromise on Mexican farm exports.

Posted: 18 Aug, 2018

Canadian Dollar at Multi-Month Highs; NZD/CAD Sinks to Lowest Since December

Entering the second trading week of August, the Canadian dollar remains at or near multi-month highs against many of the world’s major currencies. The “loonie” has been well supported since the end of June following a hawkish repricing of Canadian interest rate expectations.

Posted: 6 Aug, 2018

FX Markets Subdued Despite Trump-EU Deal to Avoid a Trade War

Trade tensions were eased on Wednesday after the US announced it had agreed to work towards zero tariffs on “non-auto industrial goods” with the European Union. Unlike equity markets, which rallied strongly on the news, FX markets were little changed on Thursday morning.

Posted: 26 Jul, 2018

Best exchange rates sending money from Canada

The holy grail when you send money abroad is finding an organisation that you can trust and one that offers the best exchange rates along with transparent, smart and straightforward customer service.

Last update: 3 May, 2019

Scotiabank Exchange Rates – BER Review

Logo for Scotiabank Exchange rates

Whether planning to make a trip overseas for a vacation, maintain a business in a different country or work for a company that has international offices, you may be required to deal with foreign currency. As the Canadian Dollar is not accepted abroad, it is necessary that you convert it into the currency of the […]

Last update: 4 May, 2019

Pound Exchange Rates Rise as GBP Traders Anticipate ‘Soft Brexit’

The Pound has defied the odds today and appreciated against the Euro, the US Dollar and a number of other currency peers.

Last update: 9 Jul, 2018

USD/CAD to Trade at 1.35 on Interest Rate Surprise

The Canadian dollar will weaken to 1.35 to the US dollar should the Bank of Canada surprise investors on Wednesday by keeping interest rates on hold, says the latest research report from BNP Paribas.

Last update: 7 Jul, 2018

US Dollar Exchange Rates Decline as US-China Trade Tariffs Loom

Pound Sterling: GBP Trades Higher after BoE Governor’s Speech The Pound has held close to opening levels against the Euro today, but has elsewhere advanced against the US Dollar. The uptick is down to the latest comments from the Bank of England’s (BoE) governor Mark Carney, who has been speaking in Newcastle today. Mr Carney […]

Last update: 5 Jul, 2018

Pound Exchange Rates Decline on Brexit Fears ahead of Key EU Summit

Pound Sterling: GBP Drops on Brexit Worries The Pound has shown signs of weakening today, falling against the Euro, the US Dollar and most other peers in the lull before a two-day meeting of EU leaders. The summit, taking place today and on Friday, will include Brexit as a topic and there are worries that […]

Last update: 29 Jun, 2018

FX Rates Mixed as BoE Warns about Risks in Brexit Withdrawal Process

Bank of England Cites Perceived Threats of Brexit Withdrawal Process – Pound (GBP) Exchange Rates Encumbered Sterling was trading on a poor footing against the majors on Wednesday morning, falling as investors responded to the Bank of England’s (BoE) latest financial stability report. According to the bank, progress has been made to prepare the UK’s […]

Last update: 2 Jul, 2018

Pound (GBP) Exchange Rates Mixed as Markets Digest BoE Haskel’s Comments

BoE’s Haskel Takes Mixed Policy Stance – Pound (GBP) Exchange Rates Fluctuate The Pound (GBP) has posted a mixed performance on Tuesday morning, rising as market anticipation for a Bank of England (BoE) rate rise rose to 70%, but falling later as Johnathan Haskel – Ian McCafferty’s soon-to-be replacement on the Monetary Policy Committee – […]

Last update: 27 Jun, 2018

Pound (GBP) Exchange Rates Fluctuate as Investors Prepare for EU Council Summit

Brexit Headlines in the Spotlight this Week for Pound (GBP) Exchange Rates The Pound (GBP) proved volatile on Monday, falling against the majors initially before rising into the afternoon. Lacking much in the form of salient UK data, investors were largely responding to changing macroeconomic factors relating to the US and Eurozone economies, with news […]

Last update: 29 Jun, 2018

Travelex Canada Exchange Rates – BER Review

In this article we take a look at Travelex Canada exchange rates and foreign currency services. Getting your travel money from the local Travelex branch is convenient but with a little planning (and ordering online) you can also save money for your next trip abroad. Travelex Canada Exchange Rates – How do they Compare? Travelex […]

Last update: 16 May, 2019

Outlook for the Australian Dollar is one of volatility

Investor Anticipation for an August BoE Rate Rise Increases – Pound (GBP) Exchange Rates Rise Sterling (GBP) posted a mixed performance against the majors on Friday morning, steadying against the Euro and the Australian Dollar whilst rising against the ‘Greenback’ and the Canadian Dollar. Investors remained rather upbeat about the trajectory of the Pound, with […]

Last update: 27 Jun, 2018

Pound (GBP) Exchange Rates Bearish as Markets Prepare for BoE Rate Decision

Bank of England Rate Decision Looms – What can we expect for the Pound (GBP)? Sterling was trading on poor terms against the majors on Thursday morning, limited by investor caution ahead of the June Bank of England (BoE) rate decision. Analysts are almost entirely of the same mind that a rate hike will not […]

Posted: 21 Jun, 2018

Pound (GBP) Exchange Rates Bearish ahead of Brexit Withdrawal Bill Vote

Pound Sterling (GBP) Exchange Rates Struggle as MPs Vote on Brexit Withdrawal Bill Sterling (GBP) traded sideways against the majors on Wednesday morning, limited by market apprehension ahead of a key vote on the EU Withdrawal Bill. UK Prime Minister Theresa May faces a clash with Conservative rebels in parliament, with a substantial number seeking […]

Posted: 20 Jun, 2018

Pound (GBP) Exchange Rates Hit Seven-Month Low on Fresh Brexit Angst

Pound Sterling (GBP) Exchange Rates Tumble as UK PM Theresa May Faces Showdown from Rebel MPs The Pound (GBP) is encountering a great deal of pressure on Tuesday, falling to a new seven-month low against the US Dollar (USD) as investors digest a combination of political angst, worsening global trade relations and yesterday’s downbeat British […]

Posted: 19 Jun, 2018

Pound (GBP) Exchange Rates Stumble as BCC Downgrades UK Growth Forecasts

Brexit Uncertainty and Political Turmoil Hurt Pound (GBP) Exchange Rates Sterling stumbled against the majors on Monday morning, falling as investors responded to news that the British Chambers of Commerce (BCC) has downgraded its growth forecasts for the UK. According to the BCC, consumer spending, business investment and trade are all weakening, with Britain limited […]

Posted: 18 Jun, 2018

Pound (GBP) Exchange Rate Outlook Brightens ahead of Next Week’s BoE Rate Decision

What can we expect for Pound (GBP) Exchange Rates from Next Week’s Rate Decision? Sterling traded on relatively good form on Friday morning, siphoning demand away from the US Dollar thanks to fresh trade war concerns between the US and China and stealing attention from the Euro due to the dovish statements from European Central […]

Posted: 15 Jun, 2018

Pound (GBP) Exchange Rates Bolstered by Surging UK Retail Sales

UK Retail Sales Smash Expectations – Pound Sterling (GBP) Exchange Rates Capitalise Sterling traded sharply higher against the majors on Thursday morning, supported by news that UK retail sales experienced an impressive rise in May. According to the Office for National Statistics (ONS), retail sales (excluding auto fuel) surged by 4.4%, far ahead of the […]

Posted: 14 Jun, 2018

Pound Exchange Rate Losses Caused by Disappointing UK Inflation Data

Pound Sterling: GBP Declines on Unchanged UK Inflation Rates The Pound has fallen against the Euro, US Dollar and other currency peers today, following the news that UK inflation rates have remained unchanged in May. Economists had been predicting a faster pace of price growth because of higher fuel prices, but actual results have shown […]

Posted: 13 Jun, 2018

Pound (GBP) Exchange Rates Climb despite Easing UK Wage Growth

UK Unemployment Remains at 43-Year Lows – Pound (GBP) Exchange Rates Climb Sterling was trading on solid form against the majors on Tuesday morning, unperturbed by weakening UK wage growth and bolstered by signs that unemployment continues to fall. According to the Office for National Statistics (ONS), basic pay growth rose by 2.8% in the […]

Posted: 12 Jun, 2018

Weak UK Factory Data Sends Pound (GBP) Exchange Rates Tumbling

Pound (GBP) Exchange Rates Stumble as UK Manufacturing Output Falls Sterling traded lower against the majors on Monday morning, falling as investors responded to a raft of disappointing data releases regarding trade and the UK’s industrial output. According to the Office for National Statistics (ONS), UK manufacturing production dropped by -1.4% in April year-on-year, down […]

Last update: 11 Jun, 2018

Pound (GBP) Exchange Rates Climb ahead of G7 Summit

Pound Sterling (GBP) Exchange Rates Crawl Higher despite Brexit Uncertainties Sterling kicked off Friday on an optimistic note, rising against the majors as investors responded to news that the latest BoE/TNS consumer inflation expectations release was mostly positive. According to the Bank of England (BoE) survey, 51% of the public expects UK interest rates to […]

Posted: 8 Jun, 2018

Pound (GBP) Exchange Rates Inch Higher on Optimistic Reuters Brexit Poll

Sterling (GBP) Exchange Rates Anticipated to Recoup Brexit Losses The Pound (GBP) traded slightly higher against most of the majors on Thursday morning, bolstered by the results of a Reuters poll regarding Brexit. In the poll it was revealed that economists considered Sterling is likely to continue to gain and even recoup much of the […]

Posted: 7 Jun, 2018

Pound (GBP) Exchange Rates Broadly Weaker despite Upbeat UK Service Sector Activity

Quiet Data Day Leaves Pound (GBP) Exchange Rates Floundering Sterling traded broadly lower against the majors on Wednesday, with a quiet UK data calendar and ongoing concerns regarding the Brexit negotiation process weighing on demand for the currency. Yesterday, investors were pleased to see that UK service sector activity made a strong recovery in May […]

Posted: 6 Jun, 2018

UK Service Sector Activity rebounds – Pound Sterling (GBP) Exchange Rates Rally

Pound (GBP) Exchange Rates Climb on Upbeat UK Service Sector Activity Sterling traded higher against the majors on Tuesday morning, bolstered by news that the UK’s services sector made a solid recovery last month. Markit’s latest services PMI report printed higher at 54.0 in May, up from the previous score of 52.8 and the market […]

Last update: 7 Jun, 2018

Pound Sterling (GBP) Exchange Rates Flounder despite Above-Forecast UK Construction Activity

UK Construction Holds Steady in May – Pound (GBP) Exchange Rates still Under Pressure Sterling (GBP) stumbled against the majors on Monday, supported by a better-than-expected UK construction print but encumbered by falling business investment due to political uncertainty. IHS Markit’s latest construction PMI survey printed at 52.5 in May, consistent with the previous period […]

Posted: 4 Jun, 2018

Will It Be a Sweet or Sour June for the US Dollar?

June has, for the past decade, been a month in which the US dollar comes unstuck. Per the Dollar Index (DXY), the dollar has lost value in eight of the past ten Junes, and in one of the two profitable years, holders of dollars would have had to suffer a 3 percent intra-month drawdown to […]

Last update: 13 Jun, 2018

UK Manufacturing Beats Expectations – Pound (GBP) Exchange Rates Inch Higher

UK Manufacturing Activity Accelerates in May – Pound Sterling (GBP) Exchange Rates Climb The Pound posted a minor recovery on Friday, supported by news that the UK’s manufacturing sector posted a slightly stronger (if debatable) performance in May. IHS Markit’s latest manufacturing PMI reading printed up at 54.4, beating the previous period’s score of 53.9 […]

Posted: 1 Jun, 2018

Trump Slaps Tariffs on Allies but Calm Prevails Ahead of US Jobs Data

The big news for investors on Thursday was Washington’s confirmation that steel and aluminium products reaching the US from Europe, Canada and Mexico – all important allies – would be subject to trade tariffs. Foreign leaders raged against the decision and announced plans for immediate retaliation. On Tuesday, Washington had already announced tariffs on $50 […]

Last update: 6 Jun, 2018

Pound (GBP) Exchange Rates Bolstered by Rising Consumer Credit

UK Consumer Credit Recovers in April – Pound Sterling (GBP) Exchange Rates Supported Sterling clawed back some of its losses against the majors on Thursday morning, supported by a surprising rise in UK net consumer credit in April. According to the Bank of England (BoE) consumer credit lending jumped by a whopping £1.832bn last month, […]

Posted: 31 May, 2018

Canadian Dollar Jumps on Hawkish BoC; USD/CAD to Reach 1.18, Says Goldman Sachs

The Canadian dollar jumped on Wednesday following a surprisingly hawkish statement from the Bank of Canada. USD/CAD, which had been trading at levels above 1.3, fell sharply in the two hours following the BoC’s monthly meeting to 1.2835, at which it still trades at the time of this report (17:00 Singapore, GMT +8). The Canadian […]

Last update: 13 Jun, 2018

Pound (GBP) Bears Dominate as Investors Prepare for Influx of Big Data

Pound (GBP) Exchange Rates Stumble on Brexit Uncertainty for June Sterling (GBP) continued to struggle on Wednesday morning, remaining weak against many of the majors due to ongoing Brexit uncertainty, particularly with negotiations approaching the crucial end-of-June European summit. Beyond these concerns, investors are also trying to navigate a storm of important data releases from […]

Posted: 30 May, 2018

Pound (GBP) Exchange Rates Fluctuate – Big Data Week Ahead

Sterling (GBP) Trades Bearishly Ahead of this Week’s Big Data Run The Pound (GBP) posted a mixed performance against the majors on Tuesday morning, climbing against a weakened Euro (EUR), but falling against the US Dollar (USD) as investors prepared for this week’s run of important ecostats. For the UK, this week will include the […]

Posted: 29 May, 2018

UK GDP Confirmed Sluggish – Pound (GBP) Exchange Rates Slide

Pound (GBP) Exchange Rates Stumble as UK Q1 Growth Proves Weak Sterling tumbled out of the gate this Friday morning, struggling to find purchase as investors responded to confirmation that Q1 GDP growth had almost stalled. The Office for National Statistics’ (ONS) second-estimate Q1 GDP reading was confirmed at 1.2% year-on-year, which the ONS labelled […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates Recover as UK Retail Sales Smash Expectations

Upbeat Retail Sales Report Sends Pound Sterling (GBP) Exchange Rates Higher The Pound (GBP) rallied on Thursday morning, supported by a surprising rise in UK retail sales. According to the Office for National Statistics (ONS), retail sales grew by 1.4% on an annualised basis in April, smashing the market forecast of a 0.1% print. The […]

Last update: 28 May, 2018

Easing UK Inflation Proves Headache for Pound Sterling (GBP) Exchange Rates

Pound (GBP) Exchange Rates Down as UK Inflation Misses its Mark The Pound (GBP) stumbled against the majors on Wednesday morning, encumbered by a below-forecast fall in UK consumer price inflation. According to the Office for National Statistics (ONS), inflation in the UK fell from 2.5% to 2.4% year-on-year, marking a fresh one-year low and […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates Post Minor Recovery on Hawkish BoE Remarks

Sterling (GBP) Climbs as BoE Vlieghe Reveals Hawkish Forecast The Pound (GBP) did an unenthusiastic bounce on Tuesday morning, recovering slightly from Monday’s fall, which saw Sterling hit a new low for 2018 against the US Dollar (USD). This was largely due to hawkish comments from Bank of England (BoE) Policymaker Gertjan Vliege, who predicted […]

Last update: 28 May, 2018

Daily Update: Pound (GBP) Exchange Rates Experience Turbulence – UK Inflation in the Spotlight

Brexit Negotiations Continue to Limit Pound (GBP) Exchange Rates Sterling (GBP) exchange rates remained bearish on Monday, limited by dragging concerns regarding the Brexit negotiation process and a rather sparse data calendar. Whilst the Pound has proven increasingly resilient to Brexit-related soundbites in recent months, last week’s back-and-forth on Britain’s position inside (or out) of […]

Last update: 28 May, 2018

Pound Exchange Rates Decline Today despite Brexit ‘Backstop’ Agreement

Pound Sterling: Continued Brexit Fears Cause GBP Losses The Pound has made minor losses against the Euro and the US Dollar today, even though a Brexit safety net has recently been created. This has been the agreement on a so-called ‘backstop’, which will ensure that there will be no hard border between Ireland and Northern […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates Stumble amid talk of Extended Stay in Customs Union

UK Liable to Stay in Customs Union Beyond 2021 – Pound (GBP) Exchange Rates Fluctuate Sterling traded poorly on Thursday morning, limited by the latest back-and-forth controversy regarding Britain’s exit from the EU. The Telegraph reported that UK Prime Minister Theresa May is preparing for Britain to remain in the customs union beyond 2021, with […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates Struggle to Capitalise on Robust Labour Market Performance

UK Unemployment Holds at 42-Year Low – Sterling (GBP) Struggles to Find Support The Pound traded flatly on Tuesday, although a robust run of UK labour market figures did brighten the outlook somewhat. According to the Office for National Statics (ONS), unemployment in the UK dropped by a sizable 46,000 in March – holding the […]

Last update: 28 May, 2018

Pound Exchange Rates Steady before Key UK Wage Data is Released

Pound Sterling: GBP Traders Tense as Slower UK Wage Growth Forecast The Pound has risen against most of its peers today, including the US Dollar, Australian Dollar and New Zealand Dollar. By contrast, the Pound to Euro exchange rate has been static. Today’s UK data has been unsupportive, showing a sharp drop in footfall in […]

Last update: 28 May, 2018

Pound Sterling Exchange Rates Stay Soft after Disappointing BoE Interest Rate Freeze

Pound Sterling: GBP Static on Mixed Interest Rate Hike Forecasts The Pound fell sharply against the Euro and the US Dollar on Thursday, but has since levelled out and held close to opening levels today. Yesterday and today’s Pound influencers have been the Bank of England (BoE) interest rate decision, in which BoE policymakers left […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates Stumble ahead of BoE Rate Decision

UK Manufacturing Disappoints – Pound (GBP) Exchange Rates Fall Pound (GBP) exchange rates stumbled ahead of the Bank of England (BoE) rate decision on Thursday, falling as markets responded to disappointing industrial production and trade balance readings for the bloc. According to the Office for National Statistics (ONS), industrial production held at 0.1% month-on-month in […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates Mixed as Markets Prepare for ‘Super Thursday’

Quiet Data Day Leaves Pound (GBP) Exchange Rates Trading Bearishly Sterling was trading within a narrow band against the majors on Wednesday morning, with today’s quiet data calendar leaving markets with nothing to do but prepare for tomorrow’s highly-anticipated Bank of England (BoE) rate decision and the accompanying raft of data. Just a month ago […]

Last update: 28 May, 2018

Pound Sterling Update: GBP Exchange Rates Fall ahead of Potential BoE Interest Rate Freeze

Pound Sterling: GBP Sinks as Interest Rate Hike Hopes Fade The Pound has seen a minimal decline against the Euro today, while suffering larger losses against the US Dollar. This deterioration has been caused by trader uncertainty about the next Bank of England (BoE) interest rate decision, which will take place on Thursday. BoE policymakers […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates DOWN as UK Services Sector Misses its Mark

UK Services PMI Misses its Mark – Pound (GBP) Exchange Rates Encumbered Sterling posted a mixed performance against the majors on Thursday morning, rising against the US Dollar (USD) but paring recent gains against the others due to a below-forecast UK services sector rebound. IHS Markit’s latest services PMI increased to 52.8 in April, up […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates Post Small Recovery on Upbeat UK Construction Print

UK Construction Rebounds – Pound Sterling (GBP) Exchange Rates see Minor Climb Sterling clawed back some of its recent losses on Wednesday, supported by news that the UK’s construction sector rebounded in April. Markit’s latest purchasing managers’ index (PMI) result printed up at 52.5, beating the forecast of 50.5 and the March reading of 47. […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates Down as UK Manufacturing Disappoints

UK Manufacturing Misses its Mark – Pound (GBP) Exchange Rates Tumble Sterling fell against the majors on Tuesday as markets reacted to a below-forecast UK manufacturing print and what it could mean for the imminent Bank of England (BoE) rate decision. Markit’s latest manufacturing PMI for the UK printed at 53.9 in April, down from […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates Bearish after Last Week’s GDP Shocker

Sterling (GBP) Exchange Rates Weak on Sub-Par Economic Growth The Pound’s (GBP) fall against the majors steadied on Monday, but a lack of fresh data left the market focus on last week’s disappointing economic growth results and the possible ramifications it might have on next week’s Bank of England (BoE) rate decision. Investors are concerned […]

Last update: 28 May, 2018

Pound (GPB) Exchange Rates Tumble as UK GDP Hits 5-Year Low

UK Economic Growth Sees Sharp Decline in Q1 2018 – Pound (GBP) Exchange Rates Take a Hit Sterling shed most of its recent gains on Friday, falling in response to news that the UK’s economy grew at its slowest rate in almost 5 years. According to the Office for National Statistics (ONS), the UK’s quarterly […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates Slide ahead of ECB Rate Decision

Looming ECB Rate Decision Keeps Sterling (GBP) Cautious The Pound (GBP) pared some of its recent gains on Thursday morning, falling slightly as markets tread cautiously ahead of the European Central Bank’s (ECB) looming rate decision and the accompanying speech from ECB President Mario Draghi. On the data front, British banks approved 10% fewer mortgages […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates Bearish on Quiet Data Day

Sterling Trades Bearishly, Brexit Negotiations in the Headlines The Pound (GBP) is trading cautiously against the majors as markets wait out today’s sparse data calendar and prepare for tomorrow’s highly significant European Central Bank (ECB) rate decision. Yesterday’s better-than-expected government borrowing figures continued to give Sterling some support, however, as did rate hike hopes for […]

Last update: 28 May, 2018

UK Public Sector Borrowing Hits Lowest Level since 2007 – Pound (GBP) Exchange Rates Supported

Sterling (GBP) Exchange Rates Climb on Upbeat UK Borrowing Figures Pound (GBP) exchange rates continued to climb on Tuesday morning, supported by news that the UK’s public sector net borrowing reading fell to its lowest level in 11 years. According to the Office for National Statistics (ONS), borrowing dropped by £3.5bn to £42.6bn for the […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates up on Hawkish BoE Forecast

Report Estimates BoE Will Raise Interest Rates Twice this Year – Pound (GBP) Exchange Rates Climb Sterling climbed against the majors on Monday morning, bolstered by a hawkish prognostication from the forecasting body EY Item Club. According to said body, the Bank of England (BoE) could raise interest rates twice this year and twice again […]

Last update: 28 May, 2018

Pound Sterling Update: GBP Advances as BoE’s Saunders Backs UK Interest Rate Hike

Pound Sterling (GBP) The Pound has been volatile today, initially declining against the Euro and US Dollar before making a brief recovery against the EU single currency. The Bank of England (BoE) is responsible for both these movements; in the former case, BoE Governor Mark Carney devalued the Pound by revealing a cautious economic outlook. […]

Last update: 28 May, 2018

Beast from the East Mauls UK Retail Sales as Pound Slides

Pound (GBP) Exchange Rates Slip as Beast from the East Frightens Shoppers Away Sterling traded slightly lower on Thursday morning on news that March retail sales in the UK suffered their worst quarter in a year. According to the Office for National Statistics (ONS) retail sales in the UK fell from a score of 1.5% […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates Tumble as UK Inflation Hits One-Year Low

UK Consumer Price Inflation Eases – Pound (GBP) Exchange Rates See Marked Fall Sterling encountered some turbulence on Wednesday, dropping as markets reacted to a substantial fall in the UK’s consumer price inflation rate. According to the Office for National Statistics (ONS), inflation in the UK slipped from 2.7% to 2.5% in March (year-on-year), below […]

Last update: 28 May, 2018

UK Unemployment Hits 42-Year Low – Pound (GBP) Exchange Rates Fail to Capitalise

Pound (GBP) Exchange Rates Slide on Below-Forecast Wage Growth Sterling slipped slightly on Tuesday morning, floundering as markets reacted to a below-forecast wage growth print. According to the Office for National Statistics (ONS), average weekly earnings were up 2.8% in the three months to February, falling short of the market forecast of 3.0%. This is, […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates UP as UK House Prices Edge Higher in April

April UK House Price Rise Gives Hope for Post-Brexit Economy – GBP Exchange Rates Trade Higher Sterling traded higher against the majors on Monday, supported by news that UK house prices edged past record numbers in April, and on general optimism about this week’s significant labour market and inflation statistics. Asking prices for newly-listed properties […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates Extend Climb on Strong April Seasonality

Sterling (GBP) Breaks Key Resistance, Capitalises on Strong April Support Sterling extended its lead against the majors on Friday morning, breaking the key resistance area of 1.15 against the Euro (EUR) and hitting a ten-month high. This upward move has been evident since early March, with optimism about there being a May rate hike from […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates Slip after BoE Credit Conditions Survey

Pound (GBP) Exchange Rates Struggle as BoE Broadbent Refuses to Provide Monetary Policy Clues Sterling exchange rates stumbled on Thursday morning, limited by yesterday’s rather poor production readings and the latest below-forecast NIESR estimate for Q1 2018. In other news Bank of England (BoE) Policymaker Ben Broadbent neglected to discuss monetary policy at his latest […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates Supported as UK Trade Deficit Narrows

UK Trade Deficit Surprises Markets by Shrinking – Pound (GBP) Exchange Rates Climb Sterling was trading on good form against the majors on Wednesday, supported by a notable drop in the UK’s trade deficit and remaining largely unperturbed by some disappointing production readings. According to the Office for National Statistics (ONS), the UK’s trade deficit […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates Climb as Hawkish BoE Official Calls for Rate Hike

May BoE Rate Hike Hopes Propel Pound (GBP) Exchange Rates Hawkish Bank of England (BoE) Policymaker Ian McCafferty has pushed once again for a rate hike from the central bank, insisting that accelerating UK wage growth and the current strength of the global economy emphasised the need for higher interest rates. McCafferty also noted that […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates Crawl Higher as Markets Respond to US-China Trade Concerns

Sterling (GBP) Exchange Rates Climb on Quiet Data Day The Pound (GBP) hit the ground running this morning, climbing against the majors as markets favoured it over the currently struggling US Dollar (USD) due to ongoing anxieties over China-US trade negotiations. The overall outlook for Sterling this week is largely positive, despite last week’s disappointing […]

Last update: 28 May, 2018

Pound (GBP) Exchange Rates Slip as UK Services Sector Disappoints

Storms Wreak Havoc on UK Services – Pound (GBP) Exchange Rates Struggle Sterling was trading rather poorly against the majors on Thursday morning, limited by a disappointing performance in the UK’s services sector. IHS Markit’s services sector purchasing managers’ index (PMI) surprised markets by printing at 51.7 for the March period, down from the previous […]

Last update: 28 May, 2018

Pound Exchange Rates Worsen after UK Construction Sector Contracts

Pound Sterling (GBP) The Pound has struggled in trading today, having fallen against the Euro and traded in a narrow range against the US Dollar. The morning’s construction PMI reading has been worse than expected, showing a slowdown in March to the point of contraction. This result follows Tuesday’s manufacturing PMI reading for the same […]

Last update: 28 May, 2018

Approaching Brexit Deadline sees Pound Exchange Rates Decline

Pound Sterling (GBP) The Pound was trading poorly against the Euro and US Dollar today, exactly one year before the UK is set to enter the Brexit transitional period. There are still widespread concerns that the UK government will not be able to finalise Brexit negotiations and arrangements before the late autumn deadline this year. […]

Last update: 28 May, 2018

Markets Prepare for Potential Solution to Irish Border Issue – Pound (GBP) Exchange Rates Climb

GBP Exchange Rates Seasonally Strong in April – Irish Border Solution Expected Soon The Pound (GBP) traded slightly higher against the majors on Wednesday morning, supported by anticipation for the traditional seasonal strength that April provides for the Pound but also by reports that Irish officials have been told to expect new proposals on how […]

Last update: 28 May, 2018

Irish Border Impasse Leaves Pound (GBP) Exchange Rates Stumbling

Sterling (GBP) Exchange Rate Rally Runs its Course – Markets Remain Concerned About Brexit Impasse Sterling’s (GBP) rally appeared to have run out of steam on Tuesday morning, falling against the majors on a quiet data day. Economists are currently concerned that the Pound’s trajectory will shift sideways in the coming weeks, with the recent […]

Last update: 28 May, 2018

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