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Thu 24 Sep 2020 18:07GMT

Canadian Dollar News

Latest 10 news items tagged Canadian Dollar

Markets Calm from Monday Panic as Fresh Coronavirus Restrictions Less Severe than Feared Published: 22 Sep at 5 PM 2020
Pound Sterling (GBP) The Pound’s movement was volatile today, as markets digested the latest UK government plans on how to tackle the coronavirus pandemic. The plans were not as strict as feared. Bank of England (BoE) Governor Andrew Bailey’s signals that the bank was not considering negative interest rates in the near future also helped the Pound to steady after Monday losses. Britain’s September PMI projections from Markit will be published tomorrow. These will give markets a clearer image of Britain’s economic health, but...
US Dollar (USD) Subdued Ahead of Federal Reserve Interest Rate Decision Published: 16 Sep at 5 PM 2020
<h3>Pound (GBP)</h3> The Pound (GBP) rose against its peers today after the later UK Consumer Price Index for August fell from 1.8% to 0.9%, buoying confidence in the British economy as it shows a steady return of activity. Neil Birrell, the chief investment officer at Primier Miton, said of the report: ‘The inflation data in the UK surprised on the upside. The core year-on-year CPI was up 0.9% against expectations of 0.5%. Rising inflation has been much discussed as the inevitable consequence of all the stimulus...
Pound (GBP) Struggles as Hard Brexit Fears Grow as Controversial Bill Secures Majority Vote Published: 15 Sep at 5 PM 2020
<h3>Pound (GBP)</h3> The Pound’s (GBP) gains were short-lived today as mounting opposition to the controversial Brexit Internal Market Bill failed to convince UK Markets. As a result, Sterling has suffered a setback from concerns over the increasing likelihood of a no-deal Brexit on December 31st. In UK economic news, today also saw the UK ILO Unemployment Rate for July confirm forecasts and rise from 3.9% to 4.1%, igniting concerns over increasing levels of joblessness in the UK. Darren Morgan, director of economic...
Euro (EUR) Steadies as ECB Holds Interest Rate at 0% Published: 10 Sep at 2 PM 2020
<h3>Pound (GBP) </h3> The Pound (GBP) has remained subdued today as UK markets are becoming increasingly jittery over the prospect of a no-deal Brexit on December 31st. This follows Downing Street’s backtracking on the Withdrawal Agreement, which has sparked concerns that relations between the UK and the EU could be souring. Today also saw fears rise over the possibility that Downing Street could be preparing to walk away from Brexit talks. This comes after reports that one of the European Commission’s top officials...
No-Deal Brexit Fears Lead to Pound Plummet, Risk-Off Movement Published: 8 Sep at 5 PM 2020
Pound Sterling (GBP) The Pound continued to plummet across the board today, registering significant losses against major rivals. No-deal Brexit fears intensified, and signs of discord in the UK government only further weighed on the Pound’s appeal. Brexit developments will remain the focus for the Pound in the coming sessions. Positive developments in UK-EU negotiations would be a surprise, but could also lead to a big rebound in the Pound. Euro (EUR) The Euro saw slightly stronger demand today. The shared currency was able to...
US Dollar Rebound Continues to Drive Forex Markets amid Mixed Economic Data Published: 3 Sep at 3 PM 2020
Pound Sterling (GBP) The Pound’s rally attempts have been dulled in recent sessions. Some investors are selling Sterling versus a rebounding US Dollar, but the latest UK services data falling short of projections only put further pressure on the British currency. Tomorrow’s UK data includes new car sales and construction stats. These figures are unlikely to be particularly influential, so the Pound will be driven more by global coronavirus and currency market shifts. Euro (EUR) Highly mixed Eurozone data today had little...
Pound (GBP) Sinks as Concerns Grow Over British Economy Published: 19 Aug at 5 PM 2020
<h3>Pound (GBP)</h3> The Pound (GBP) struggled against its peers today despite UK CPI data for July beating forecasts and rising from 0.6% to 1%. However, with the figure well below the Bank of England’s (BoE) target of 2%, this failed to buoy confidence in Sterling. GBP also failed to benefit from Downing Street’s assurances that it was seeking for a post-Brexit trade deal with the European Union as early as next month. Nevertheless, this failed to convince markets, with fears growing over the shaky relations between...
Lack of UK and US Optimism Leaves Sterling and US Dollar Outlooks Gloomy Published: 13 Aug at 4 PM 2020
Pound Sterling (GBP) As yesterday’s UK growth rate data did little to surprise Pound investors, the Pound spend much of today being driven by rival currencies. Sterling remained lower against stronger currencies, but was able to rebound against weaker rivals like the US Dollar despite UK growth concerns. This week’s notable UK data has all been published. This will leave Pound investors reacting to UK coronavirus and Brexit developments as they await next week’s UK inflation results. Euro (EUR) The Euro...
Pound (GBP) Rises, BoE States British Economy Better-Than-Expected Despite Covid-19 Published: 6 Aug at 5 PM 2020
<h3>Pound (GBP)</h3> The Pound (GBP) rose today after the Bank of England (BoE) held its interest rate at 0.1%. However, the BoE also stated that Britain had fared better-than-expected from the Covid-19 crisis. In other UK economic news, today saw the release of the UK construction PMI for July, which beat forecasts and rose from 55.3 to 58.1. As a result, GBP investors have become more optimistic that the construction sector could be on the road to recovery. <h3>Euro (EUR)</h3> The Euro (EUR) benefited...
Euro (EUR) Rises as Hopes Grow for EU Covid-19 Relief Fund Published: 20 Jul at 5 PM 2020
<h3>Pound (GBP)</h3> The Pound (GBP) held steady today despite growing fears for Britian’s retail sector after the retail giant Marks & Spencer announced that it would be slashing jobs due to the Covid-19 crisis. As a result, GBP investors have become increasingly jittery as the economy struggles. Meanwhile, a study by the accountants Deloitte revealed that 65% of finance directors believed the threat of the coronavirus pandemic and Brexit could severely limit the British economy. GBP struggles as the UK’s...

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