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The sell-off in USD/CAD and GBP/CAD is gathering apace after the Bank of Canada (BOC) surprised markets by increasing interest rates by 0.25% at its rate meeting on Wednesday.
September 7,2017
The Bank of Canada decided to riase interest rates from 0.75% to 1.0% at their rate meeting on Wednesday, sparking a strong rally in the Canadian Dollar.
September 6,2017
The Pound to Canadian Dollar exchange rate is extending its downtrend, mainly due to the Candian Dollar strengthening after data showed continued above-expectation economic growth, and the Pound sold off due to Brexit uncertainty.
September 4,2017
A stronger than previously expected rate of growth in Canada could mean the BoC brings forward its next hike, leaving GBP/CAD facing further losses.
September 1,2017
The Canadian Dollar vaulted higher on Thursday after the release of second quarter GDP data confirmed the economy's strong upward trajectory.
September 1,2017
The Pound to Canadian Dollar had been falling reasonably predictably up until it based and reversed on August 24; since then it has bounced strongly higher.
August 30,2017
A widening gap between real interest rates, firmer crude oil prices and an uncertain outlook for the U.K. economy could mean GBP/CAD has further to fall and that shorting it is a good idea for traders.
August 29,2017
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