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Sat 20 Oct 2018 22:42GMT

Canada News

Latest 10 news items tagged Canada

Daily Currency Update: US Dollar Drop Boosts Pound Sterling and Euro Exchange Rates Published: 20 Sep at 5 PM 2018
Pound Sterling (GBP) The Pound has risen against almost all of its regular currency peers today, including the Euro and US Dollar. This mass-appreciation is recent, with the UK currency having been supported by a delayed reaction to the morning’s retail sales figures. These revealed falling but better-than-expected levels of sales growth during August, which raised optimism about UK economic resilience. Brexit talks haven’t been quite so supportive today, but the Pound’s appreciation shows that GBP traders are currently...
Daily Currency News: Pound Sterling Rises after US Dollar Drops on Inflation Upset Published: 13 Sep at 5 PM 2018
Pound Sterling (GBP) Pound Sterling has traded in a narrow range against the Euro and risen against the US Dollar today, following an uneventful Bank of England (BoE) meeting. BoE policymakers left interest rates at 0.75% and are not expected to raise them until 2019; the Pound has risen because a weak US Dollar has driven up Sterling demand. The Pound could rise further on Friday if Bank of England (BoE) Governor Mark Carney gives an optimistic economic outlook on Friday, although there is no guarantee of any mention of...
British Pound Gains versus Most Majors as Hopes Rise for Optimism in Brexit Negotiations Published: 7 Sep at 2 PM 2018
Pound Sterling (GBP) Acceleration in Brexit negotiations could be just what the Pound needs to mount a more solid recovery, as the British currency recovered some of its recent losses versus most majors thanks to the past week’s Brexit developments. EU Chief Negotiator Michel Barnier took an optimistic tone about the UK and EU’s future relationship on Friday, saying the EU was open to alternative backstop plans for the issue of the Irish border and indicating the EU would still rather avoid a ‘no-deal Brexit scenario too. This...
US Dollar Exchange Rates Rise on Hawkish Fed Minutes Published: 23 Aug at 10 AM 2018
Pound Sterling (GBP) The Pound has fluctuated in value today, making losses against the Euro and US Dollar but advancing against the Australian Dollar. This varied movement comes before the release of high-impact government impact papers, which will detail plans on coping with a no-deal Brexit outcome. Sterling’s decline before the documents come out suggests that GBP traders are either already worried about the quality of the plans, or fear that a no-deal Brexit is likely. Confederation of British Industry (CBI)...
Euro Exchange Rates Fall after Italian Budget Warning Published: 20 Aug at 4 PM 2018
Pound Sterling (GBP) The Pound (GBP) has risen against the Euro and the US Dollar today, thanks to a lull in Brexit-related warnings. A report from the Institute of Directors (IoD) has shown that business leaders are concerned about post-Brexit trade, but this hasn’t damaged demand for the Pound to the extent of the past two weeks’ warnings. Sterling could fall against the Euro and US Dollar on Tuesday, in the event that a forecast-matching slowdown in industrial orders damages GBP demand. Euro (EUR) Greece has...
Pound Exchange Rates Drop on Growing ‘No-Deal’ Brexit Fears Published: 7 Aug at 4 PM 2018
Pound Sterling (GBP) Pound Sterling has been in low demand today, falling by -0.3% against the Euro and trading tightly against the US Dollar. There has been little high-impact UK data out this week, so the Pound has instead been affected by growing concerns about the Brexit process. Suggestions that a no-deal Brexit is not only undesirable but likely have rattled GBP traders recently, causing steady losses against most currency peers. The current week could end on a positive note for GBP traders, if Friday’s GDP growth...
Pound Sterling Exchange Rate Volatility Seen ahead of BoE Interest Rate Decision Published: 30 Jul at 5 PM 2018
Pound Sterling (GBP) The Pound has advanced against the US Dollar and a number of other peers today, but has conversely fallen against the stronger Euro. This mixed performance comes as GBP traders consider the odds of a Bank of England (BoE) interest rate hike when policymakers meet on Thursday. Some economists put the odds of a rate hike this week above 90%, which is part of the reason that the Pound has been in such high demand in certain pairings. Before the late-week BoE meeting, the Pound could slip back in value when...
US Dollar Exchange Rates Steady Today ahead of US-EU Trade Meeting Published: 25 Jul at 5 PM 2018
Pound Sterling (GBP) Today has seen the Pound make limited movement against the Euro and US Dollar, due to persistent uncertainty about the state of the UK economy. The latest mixed message has come from the Confederation of British Industry (CBI), which has released distributive trade data covering retail activity in July. The activity measure showed a decline from 32 points to 20; while negative, this result still beat forecasts for a worse reading of 15 points. There isn’t any high-impact UK data out for the rest of the...
Pound Sterling Exchange Rates Mixed on Fears of Brexit Rebellion Today Published: 16 Jul at 5 PM 2018
Pound Sterling (GBP) The Pound has fallen against the Euro but traded in a narrow range against the US Dollar today, on a slow start to the week for the UK. The main source of influence on the UK currency has been signs of a potential Conservative Party leadership scuffle over how Brexit is delivered. Last week saw heavy criticism of the Government’s ‘Chequers plan’ on Brexit, which generated fears that pro-Brexit MPs could back a leadership challenge. That fear has only intensified today, ahead of the expected...
British Pound Bullishness Fades on Signs of Brexit's Impact on UK Jobs Published: 5 Jul at 5 PM 2018
Pound Sterling (GBP) On Thursday, the Pound briefly saw stronger demand as investors reacted to a speech from Bank of England (BoE) Governor Mark Carney. Carney appeared optimistic about Britain’s economic outlook due to recent stats and this bolstered market confidence that the bank could be on track to hike UK interest rates in August. However, Brexit jitters weighed on Sterling and caused the Pound to fall later in the day. News that JPMorgan was planning to move some jobs out of London onto continental Europe within in the next...

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