GBP/CAD News, Page 1
- GBP/CAD1.6946-0.0067(-0.3985%)05:02:29(GMT)|Real-Time Data, Quoted in CAD
- Day's Range1.6912 - 1.7013
- Subclass / SectorMinor
The UK’s Tedious Path Toward March 2019
One of the very real implications of Brexit has become clear as a growing list of investment banks have announced plans to move as much as $280 billion in assets from London to Frankfurt.
Asia Up Despite Nissan Bombshell, Brexit Hopes Lift UK, Trump Ready To Deal
The US equity market was indicated to open with a small loss in early Monday. EU indices were flat to up at midday as Brexit hopes to provide support. Asian market was mostly higher despite a bombshell allegation against Nissan Chairperson Carlos Ghosn.
UK Down On Brexit Woe, Pound Sinks, Asian Up On Brexit Hope, US Dollar Moves Higher
The Brexit news had a negative impact on the pound, the US futures market was indicating a positive open for equity indices in the early hours of the morning.
Asia-Pacific Sours On Oil, EU Markets Mixed, Brexit Deal In Sight, US CPI As Expected
EU markets were moving lower in early trading, but buyers stepped in on word a Brexit deal had been reached. The US index futures were slightly lower in early trading but spiked on word consumer-level inflation is contained.
Short Seller Steve Eisman Selling Two U.K Bank Stocks On Brexit Standoff
Five months to the deadline, Britain is yet to reach a deal with the European Union on how to go about Brexit. Steve Eisman believes that now is the right time to short two U.K banks as expectations of the U.K leaving Europe without a deal soars.
GBP Way for the Upcoming Days
Traders are waiting for the Super Thursday. The Bank of England will release the interest rate. Of course, the market doesn’t anticipate any changes to the rate, however, it will try to catch the mood of the central bank. If the BOE is optimistic, the GBP will be supported.
How to Trade the CAD Ahead of the BOC Meeting?
The Bank of Canada will release the interest rate on October 24, the market is looking for a rate hike. Let’s consider currency pairs that will be affected by the decision of the BOC the most.
The Big Short – Is It Coming Now?
Analysts looking for key drivers over the near-term that will ultimately decide the fate of a number of currencies, economies and ultimately whether a new crisis dawns.
British Pound Steady on EU Offer to Renegotiate Brexit, Global Stocks Retreat
The British Pound performed its sharpest strengthening in 7 months on the softening tone of the EU in the negotiations about Brexit. China pulls down global stocks.
Will the USD/CAD Bulls Hold Their Nerve?
It’s been a bullish market for months, but now the promising economic news coming out of Canada is pulling the USD/CAD price back down. From a low in April of around 1.252, the price went as high as 1.338 at the end of June but has been stuttering ever since.
UK Inflation Eases, Pound Continues to Fall on Disappointing Retail Sales
The UK’s retail sales figures dropped unexpectedly in June. Sales declined by 0.5% in June compared to a growth of 1.4% in May. YoY Retail sales grew by 2.9, below analysts expectation of 3.7%. Pound hits a 10-month low near 1.30 versus the US dollar.
Pound Falls on Brexit Concerns, UK Inflation Rate Hike in Doubt after Inflation Data
The British Pound continues its fall on Wednesday morning, trading at 1.3087, down 0.18%. The pound falls on reports that Theresa May could face a defeat on the latest Brexit Vote.
Canadian Dollar Steady as BoC Expected to Hike Interest Rates
The economic calendar today will see investors shifting focus to the BoC’s monetary policy meeting. Chances of a rate hike remain high as the economists polled expect to see the BoC raising rates by 25 basis points at today’s meeting.
The Pound Continues to Weaken as UK Political Uncertainty Prevails, Global Stocks Rise
Cable (GBPUSD) took a hit yesterday as Boris Johnson resigned from the Cabinet following the earlier decision by David Davis to part ways with his post as Brexit Secretary. Global stocks rise on Tuesday morning ahead of US earnings season.
Pound Rises after Three UK Government Ministers Resign over the Latest Brexit Proposals
The full impact of the move has yet to be priced in with the possibility that PM May now places a more “enthusiastic believer” in the role which could result in a shift in Brexit negotiations going forward.
UK Final GDP Revision to Stay Unchanged
The U.S. dollar was seen holding its ground across some of the currency pairs despite the U.S. first-quarter GDP report showing a downside revision. Data from the Commerce Department showed that the first quarter GDP in the U.S. increased at a pace of 2.0% compared to the previous estimates that
Poor British Statistics Add Pressure on Sterling
Britain’s statistics continue to indicate a slowdown in the UK economy. Today’s data showed a decline in industrial production by 0.8% during April against a forecast growth of 0.1%.