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Sun 27 May 2018 04:37GMT

Canadian Dollar News

Latest 10 news items tagged Canadian Dollar

British Pound Rebounds from Lows as UK Retail Impresses While Fed Dovishness Weighs on US Dollar Published: 24 May at 4 PM 2018
Pound Sterling (GBP) Following another disappointing UK inflation report earlier in the week, Bank of England (BoE) interest rate hike bets tumbled and so did the Pound. With Britain’s economic outlook increasingly gloomy and Brexit uncertainties persisting, investors have had little reason to buy the British currency. Demand for the Pound improved a little towards the end of the week though, as Britain’s April retail sales results surprised by coming in well above expectations in all major prints. The monthly figure surged from...
Pound Exchange Rate Volatility Triggered by Uncertain Future for BoE Forward Guidance Published: 16 May at 1 PM 2018
Pound Sterling (GBP) The Pound has made a minor rise against the Euro today, but has otherwise struggled and fallen against the US Dollar, Australian Dollar and New Zealand Dollar. This poor overall performance comes on a quiet day for economic data; the main influence has been Bank of England (BoE) Deputy Governor Ben Broadbent. Mr Broadbent has rejected criticism of BoE forward guidance, which is the practice of suggesting interest rate adjustments before monetary policy meetings. His remarks raise the possibility of less...
Pound Sterling Plummets after Bank of England (BoE) Cuts UK Growth Forecasts Published: 10 May at 4 PM 2018
Pound Sterling (GBP) The Pound has been one of today’s biggest currency losers, having dropped by -0.5% against the US Dollar and -1% against the Euro, in addition to seeing greater losses against other peers. This poor performance comes after Bank of England (BoE) policymakers voted to leave interest rates at 0.5% at their latest monetary policy meeting. Economists had been forecasting a rate hike to 0.75% as recently as April, but a steady stream of poor UK data releases caused a change of outlook. Today’s interest rate...
Pound Exchange Rates Decline after Services PMI Prints below Forecasts Published: 3 May at 4 PM 2018
Pound Sterling (GBP) The Pound has fallen in value today, making minor losses against the Euro and US Dollar and dropping more heavily against the Australian Dollar and New Zealand Dollar. This poor performance follows the release of April’s services sector PMI, which grew but not by as much as expected. Pound traders were disappointed that the sector expansion missed forecasts, which quickly led to GBP exchange rate losses. Next week’s main Pound-influencing event will be the Bank of England (BoE) interest rate decision...
Euro Exchange Rates Drop after ECB President Holds Cautious Policy Press Conference Published: 26 Apr at 4 PM 2018
Pound Sterling (GBP) Despite limited UK economic data out today, the Pound has still surged by 0.5% against the Euro and made a smaller advance against the US Dollar. This strong overall trading comes as MPs discuss whether the UK should remain in the EU customs union after Brexit. Home Secretary Amber Rudd has stated that the UK will be leaving the customs union along with the European Union, but this hasn’t devalued Sterling. The Pound’s recent advance could prove short-lived, as Friday’s confidence and GDP stats...
British Pound Edges Away from Lows as Bank of England (BoE) Speculation Persists Published: 23 Apr at 5 PM 2018
Pound Sterling (GBP) Last week’s UK inflation data fell well short of expectations and comments from Bank of England (BoE) Governor Mark Carney were perceived as dovish by investors, causing Bank of England interest rate hike bets to slump. This caused broad Pound weakness throughout the week. On Monday, Sterling was supported slightly against some majors thanks to comments from some analysts arguing that a May interest rate hike from the BoE was still possible. However, if BoE interest rate hike bets remain low the Pound is...
Hopes for Rising UK Consumer Optimism Helps British Pound (GBP) Recover from Lows Published: 19 Apr at 3 PM 2018
Pound Sterling (GBP) Despite some disappointing UK retail sales results on Thursday following Wednesday’s surprising slowdown in UK inflation, the Pound was able to hold above its worst levels against most major currency rivals during Thursday trade. General market optimism that the long-lasting UK pay squeeze was finally easing due to slowing inflation and rising wage growth gave investors hope that UK consumer activity would strengthen too. This offset concerns about March’s disappointing retail sales results, which were largely...
Pound Exchange Rates Fall as UK Inflation Rate Slowdown Sparks Trader Panic over BoE Rate Hike Published: 18 Apr at 4 PM 2018
Pound Sterling (GBP) Following the news that UK inflation rates slowed in March, Pound exchange rates fell across the board today. Despite expectations for a GBP rally on such news, Sterling dropped because of concerns that with inflation slowing the Bank of England (BoE) might not commit to a May interest rate hike. As the dust settles from today’s inflation rate data release, the Pound could still see a recovery against its peers on 19th April when UK retail sales figures are released. Levels of annual retail sales in...
British Pound (GBP) Gains as Investors Anticipate Major UK Stats for BoE Rate Hike Bets Published: 16 Apr at 1 PM 2018
Pound Sterling (GBP) Market anticipation for this week’s upcoming UK ecostats and the possibility that they could pave the way for a May interest rate hike from the Bank of England (BoE) left the Pound appealing against most major rivals on Monday morning. Despite a lack of notable supportive UK ecostats recently, as well as news that the UK had joined an air strike against Syria with the US and France, the Pound has remained a popular buy with investors due to confidence that the BoE will hike UK interest rates next month. UK...
Pound Exchange Rates Fluctuate after Disappointing UK Production and GDP Data Published: 11 Apr at 4 PM 2018
Pound Sterling (GBP) The Pound has made minor gains against the Euro and US Dollar today, although this is primarily because of confidence-damaging Eurozone and US developments rather than positive UK news. The latest UK ecostats have been disappointing for the most part, showing falling levels of monthly industrial and manufacturing production during February. Year-on-year construction output levels have also tumbled, making the latest Pound gains hard-won. Rounding off this spate of bad news, the National Institute for...

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