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Sat 18 Aug 2018 07:07GMT

Canadian Dollar News

Latest 10 news items tagged Canadian Dollar

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...
Pound Sterling Struggles as New BoE Official Reveals Dovish Rate Hike Outlook Published: 26 Jun at 5 PM 2018
Pound Sterling (GBP) The Pound has fallen by -0.3% against the US Dollar today, in addition to trading tightly against the Euro. This disappointing performance has been caused by remarks from Bank of England (BoE) policymaker Jonathan Haskel, who will be starting work in September this year. Mr Haskel will be replacing hawkish policymaker Ian McCafferty but has been more dovish in his outlook, meaning that there may be few interest rate hikes over the coming years. Despite Mr Haskel’s approach to interest rates, Pound...
British Pound Jumps on Surprisingly Hawkish Vote Split at Bank of England (BoE) Published: 21 Jun at 3 PM 2018
Pound Sterling (GBP) Sterling saw broad and strong gains on Thursday, as investors reacted to a split in votes from Bank of England (BoE) policymakers that economists had not anticipated. While the BoE was expected to leave monetary policy frozen – and ultimately did – more members of the BoE Monetary Policy Committee (MPC) than expected voted to hike UK interest rates this month. Policymaker Andy Haldane turned hawkish and argued that UK growth was bouncing back from the slow pace seen over the winter. As a result of the vote...
British Pound Climbs on UK Retail While Euro Plunges on European Central Bank Caution Published: 14 Jun at 5 PM 2018
Pound Sterling (GBP) The Pound has had a volatile week, as the latest UK data has given investors a mixed idea of whether a potential 2018 interest rate hike from the Bank of England (BoE) is becoming more or less likely. UK inflation and wage data disappointed investors earlier in the week, but Sterling demand was bolstered by a surprisingly strong UK retail sales report from May on Thursday. This helped the Pound to gain against some major rivals like the Euro. However, Sterling’s demand against other rivals was limited as the...
Pound Exchange Rates Decline after Surprise UK Wage Growth Slowdown Published: 12 Jun at 5 PM 2018
Pound Sterling (GBP) The Pound has had a rough day of trading today, having been battered by poor domestic data and trader interest in other currencies. This has led to losses against the Euro and US Dollar, along with most other peers. On the home front, the pace of wage growth in the UK has been reported to have slowed during April, against forecasts for either no change or an acceleration. This result unsettled GBP traders, particularly because there were signs that lower unemployment would no longer guarantee a faster...
British Pound Weakened by Brexit Jitters as Euro Surges on European Central Bank Speculation Published: 7 Jun at 4 PM 2018
Pound Sterling (GBP) This week has seen the Pound put in a mixed performance against major rivals. While it was supported against some other currencies due to solid UK services data, Brexit jitters have been enough to drag it lower against others. On Thursday, fresh Brexit uncertainties left the Pound unappealing, preventing it from gaining even against its weaker rivals. Investors became concerned that divisions over how to handle the issue of the Irish border had worsened UK government fissures between soft Brexit and hard Brexit...

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