Latest 10 news items tagged Canadian Dollar
New Zealand Dollar (NZD) Rallies as Hawkish RBNZ Leaves Rates Unchanged
Published: 13 Nov at 5 PM 2019
<h2>UK Election Optimism Continues to Buoy Sterling (GBP)</h2>
The Pound (GBP) remained largely stable today despite further disappointing data, with inflation slumping to a three year low and increasing the chances the Bank of England’s (BoE) next move is a cut. This came after Tuesday’s data revealed that the number of people out of work increased and wage growth slowed.
However, Sterling continued to benefit from an upswing in political optimism thanks to the Brexit Party’s announcement that the party would not...
Sterling (GBP) Jumps as UK Avoids Recession
Published: 11 Nov at 5 PM 2019
<h2>Pound Sterling (GBP) Rises as UK Escapes Recession</h2>
The Pound (GBP) rose against a handful of currencies on Monday as data revealed the UK had escaped falling into recession during the third quarter of 2019. Sterling rallied despite the data showing the country saw the weakest annual growth since 2010 when the UK clawed its way out of recession.
Meanwhile, GBP received further support after Brexit Party leader Nigel Farage said his party would not contest the 317 seats the Conservatives won in 2017 which caused...
Sterling (GBP) Under Pressure Ahead of BoE Meeting
Published: 5 Nov at 4 PM 2019
<h2>Pound Sterling (GBP) Under Pressure as UK Service Sector Stagnates</h2>
The Pound (GBP) was left under pressure on Tuesday after data revealed the UK services sector was left flat in October as new business fell for the second month in a row.
Brexit uncertainty dented the sector, with the latest figure below trend, and was left at around the lowest level in ten-and-a-half years.
Looking ahead, it is likely Sterling will remain under pressure ahead of Thursday’s Bank of England (BoE) monetary policy meeting....
Sterling Sturdy despite Expected Month of Election Uncertainty
Published: 1 Nov at 3 PM 2019
Pound Sterling (GBP)
Despite concerns about an expected month of UK political uncertainty ahead of a December election, the Pound saw fairly solid demand over the past week. Investors are hoping that the ruling Conservative Party will perform well enough to pass its relatively soft Brexit plans.
Britain’s October construction PMI will be published on Monday, but Tuesday’s services data and Thursday’s Bank of England (BoE) policy decision are more likely to be influential.
Yesterday’s Eurozone data continued a...
Pound (GBP) Steady on General Election Uncertainty
Published: 29 Oct at 5 PM 2019
<h2>Pound Sterling (GBP)</h2>
The Pound (GBP) held steady against many of its competitors today after Labour leader Jeremy Corbyn confirmed that he would back Prime Minister Boris Johnson’s general election bill.
However, after the Government was defeated on Creasy’s amendment, UK markets are remaining cautious as Boris Johnson could pull the general election bill if the opposition forwards amendments allowing EU nationals to vote on December 12.
<h2>US Dollar (USD)</h2>
The US Dollar (USD) remained...
Forex Markets Eagerly Awaiting Saturday’s Brexit Showdown for British Pound Outlook
Published: 18 Oct at 3 PM 2019
Pound Sterling (GBP)
The Pound’s movement remained volatile until the end of the week. While relief over a new UK-EU Brexit deal helped the Pound to sustain gains throughout the week overall, uncertainty persists over whether the deal will actually be able to make it through UK Parliament.
Parliament will hold its anticipated vote on the Brexit plan on Saturday, and markets will react to the outcome when markets open on Monday. If the plan is blocked as analysts predict, the Pound could slide as no-deal Brexit concerns will rise...
Sterling (GBP) Rallies as ‘Everything Should be Clear’ By Tonight
Published: 16 Oct at 5 PM 2019
<h2>Pound Sterling (GBP) Jumps as ‘Everything Should be Clear’ by Tonight</h2>
The Pound rebounded on Wednesday afternoon as Brexit optimism buoyed the British currency after President of the European Council, Donald Tusk said that ‘everything should be clear’ by tonight.
While Downing Street said there was ‘more work still to do’ and Irish leader, Leo Varadkar said there were ‘many issues’ that needed to be resolved before a deal can be reached, Sterling continued to rise against a handful of currencies....
Sterling (GBP) Jumps as PM and Varadkar See ‘Pathway’ to Brexit Deal
Published: 10 Oct at 5 PM 2019
<h2>Pound Sterling (GBP) Edges Higher as PM and Varadkar ‘See a Pathway to a Possible Deal’</h2>
Sterling (GBP) was left under pressure on Thursday as data revealed that while UK GDP slumped -0.1% in August, in the three months to August the economy expanded by a better-than-expected 0.3%.
Meanwhile, GBP slipped ahead of Brexit discussions between Prime Minister Boris Johnson and his Irish counterpart, Leo Varadkar.
However, in the afternoon the Pound rose after the two leaders issued a statement that noted while...
British Pound Plummets Versus Majors as UK-EU Brexit Talks May Collapse
Published: 8 Oct at 3 PM 2019
Pound Sterling (GBP)
The Pound plummeted across the board today, as the latest Brexit developments worsened concerns that a Brexit deal was seen as increasingly unlikely.
UK-EU Brexit negotiations appeared close to breaking down following a talk between UK Prime Minister Boris Johnson and German Chancellor Angela Merkel. UK officials indicated that they may give up on negotiations and push ahead with no-deal Brexit planning.
No notable UK data will be published tomorrow, leaving Pound investors to react to developments in Brexit...
Brexit Uncertainty and Construction Downturn Sends Sterling (GBP) Lower
Published: 2 Oct at 11 AM 2019
<h2>Pound Sterling (GBP) Falls as Brexit Uncertainty Plagues Construction Sector</h2>
On Wednesday, Sterling was left under pressure as data revealed the UK construction slump worsened as Brexit uncertainty plagued the sector. The PMI plummeted further into contraction, with September’s reading the second worse since the financial crisis.
Added to this, Brexit continued to keep the Pound under pressure ahead of the release of details of the Prime Minister’s ‘final’ offer to the EU.
Meanwhile, looking ahead...