Latest 10 news items tagged Canadian Dollar
Pound Sterling (GBP) Slides as No-Deal Brexit Fears Re-emerge
Published: 21 Mar at 5 PM 2019
<h2>Pound (GBP) Dampened by Brexit Uncertainties</h2>
Sterling (GBP) exchange rates fluctuated over the course of the day, with sentiment in the Pound largely dampened by Brexit uncertainties as Prime Minister Theresa May headed to Brussels.
Today saw the Bank of England (BoE) leave interest rates unchanged at 0.75%, with the minutes from the Monetary Policy Committee meeting suggesting the next move largely depends on Brexit.
The MPC said that the predictions in its inflation report were dependent upon a ‘smooth...
Pound Sterling (GBP) Volatile Ahead of Article 50 Extension Vote
Published: 14 Mar at 5 PM 2019
<h2>Pound (GBP) Volatile as MPs Vote against No-Deal Brexit</h2>
Early this morning, the Pound (GBP) rose against the majority of major currency pairings as the risk of a no-deal Brexit was deemed to have greatly decreased.
Last night, the House of Commons voted to reject a no-deal Brexit under any circumstances.
This meant the government’s original motion that stated the UK should not leave the European Union without a deal on 29 March had to be changed at the last minute.
In the second vote, MPs reinforced...
Pound Sterling (GBP) Investors Brace for ?Meaningful Vote? on Brexit
Published: 11 Mar at 4 PM 2019
<h2>Pound Sterling (GBP)</h2>
The Pound (GBP) gained today after Prime Minister Theresa May announced that the ‘meaningful vote’ will go ahead tomorrow, dispelling rumours that there could have been a delay to the vote due to a political stalemate between the UK and the EU over the Irish backstop.
Sterling has also benefited from Theresa May engaging with the President of the European Commission, Jean-Claude Juncker, in which she will meet in Strasbourg this evening to finalise an agreement that may benefit her...
Euro (EUR) Slides as ECB Slashes 2019 Growth Forecast From 1.7% to 1.1%
Published: 7 Mar at 5 PM 2019
<h2>Pound Sterling (GBP) Weighed Down as Brexit Negotiations Reach an Impasse</h2>
The Pound (GBP) slipped against a handful of currencies over the course of the day.
Sterling remained weighed down following a speech from the Bank of England’s (BoE) Silvana Tenreyro in which she emphasised the bank was more likely to cut rates in the case of a no-deal Brexit.
The UK currency was also hit by reports that Brexit negotiations had reached an impasse in Brussels, and it was unlikely anything will change over the next...
Pound Sterling (GBP) Rallies as Investors Predict No-Deal Brexit Less Likely
Published: 27 Feb at 5 PM 2019
<h2>Pound Sterling (GBP) Buoyed on Brexit Optimism</h2>
Today Sterling remained stronger following some Brexit optimism, and extended its gains as investors bet that a no-deal was less likely and that Article 50 would be extended.
This morning, when discussing her talks in Brussels, the Prime Minister Theresa May said:
'I have found a real determination to find a way through which allows the UK to leave with a deal. That engagement has already begun to bear fruit.
'Parliament should do its duty so our country can...
Pound Sterling (GBP) Slides as UK Annual Growth Falls to Six-Year Low
Published: 11 Feb at 4 PM 2019
<h2>Pound Sterling (GBP) Slides as UK Annual Growth Hits Six-Year Low</h2>
This morning saw a slew of disappointing economic releases for the Pound, including data showing that UK annual growth had hit a six-year low in 2018 as the economy only expanded by 1.4%.
All main sectors of the UK economy shrank and the manufacturing sector contracted for the sixth month in a row, thus falling into a recession, which further dampened sentiment in Sterling.
<h2>Pound Sterling Euro (GBP/EUR) Exchange Rate Slides despite...
Pound Sterling (GBP) Exchange Rates Fluctuate Following 10 Month Slowdown in Construction as Sector Nudges Closer to Recession
Published: 4 Feb at 5 PM 2019
<h2>Pound Sterling (GBP) Exchange Rates Slip Following Construction PMI Data</h2>
Today saw the release of the Markit construction PMI, which revealed a slip from the previous 52.8 to 50.6, leading to Pound weakness.
Construction rose at its slowest pace for ten months, with Duncan Brock, Group Director at the Chartered Institute of Procurement and Supply saying:
‘The biggest shock came in the form of job creation which has managed to suffer the slings and arrows of Brexit highs and lows with solid hiring since the...
US Dollar (USD) Investors Await Federal Reserve Interest Rate Decision
Published: 30 Jan at 3 PM 2019
Pound Sterling (GBP)
The Pound (GBP) failed to make any significant gains today despite recovering from the sudden drop after last night’s passing of the ‘Brady’ Brexit amendment, which was favoured by the Conservative government and Prime Minister Theresa May for its addressing of the controversial Irish backstop issue.
Today also saw the Pound take a hit from poor UK mortgage approvals figures for December, which to 63.793K, although this result was better-than-expected.
Sterling investors, however, are remaining...
Pound (GBP) Struggles as Worries over Theresa May?s Brexit ?Plan B? Increase Ahead of Vote
Published: 28 Jan at 4 PM 2019
Pound Sterling (GBP)
The Pound (GBP) struggled today due to an absence of notable UK data release and increasing concerns ahead of tomorrow’s parliamentary vote on Prime Minister Theresa May’s Brexit ‘Plan B’.
Former Foreign Secretary Boris Johnson, however, failed to restore confidence to Pound investors despite claiming that if May’s ‘Plan B’ were to include an amendment concerning the Irish backstop, then Parliament would back May’s deal with ‘full-throated’ support.
US Dollar (USD)
The US Dollar (USD)...
Euro Exchange Rates Falls as Draghi Leaves Interest Rate Unmoved - Send Money UK
Published: 24 Jan at 4 PM 2019
Pound Sterling (GBP)
The Pound (GBP) failed to make any significant gains today with an absence of important UK data releases.
Prime Minister Theresa May, however, has come under increasing pressure to drum up support for her Brexit ‘Plan B’ after the EU’s Chief Brexit Negotiator, Michel Barnier, said that it is either May’s deal or a no-deal, leaving some Sterling investors disappointed.
US Dollar (USD)
The US Dollar (USD) struggled to make any gains today after the divide between the White House and the House of...