Canadian Dollar forecast page 12 - cad canadian dollar cad dollar

POUND STERLING The Pound has traded sideways against the other majors on the day, with no data of significance released in the UK. Tomorrow sees the release of the closely-watched NIESR GDP Growth Estimate figure for last month; if it suggests that Britain’s economy is slowly grinding towards a standstill again, then the Pound may give...

POUND STERLING The Pound has recovered a little against the majority of the world’s most actively traded currencies. We would still however remain bearish on the Pound with a constant stream of Sterling negative data being released on a weekly basis. NEAR-TERM OUTLOOK – NEUTRAL - NEGATIVE US DOLLAR – The Pound Dollar exchange rate...

POUND STERLING Sterling has traded within tight ranges against the Dollar and the Euro so far today and with no major risk events until next week, this is likely to continue until tonight’s close. Tuesday’s Q2 UK GDP growth figure needs to outstrip expectations for the Bank of England to even begin considering raising interest rates....

POUND STERLING Levels on Sterling pairs have been determined by the relative strength of other currencies today, in the absence of any UK data releases. Next week’s session begins with the release of the Rightmove House Price Survey for July, which will be Sterling-negative if it shows a continuation of the recent weakening trend in UK...

POUND STERLING The Pound has performed steadily on the day against most of the majors, with GBP EUR making significant gains due to general Euro weakness. UK economic data has been of a more encouraging tone today, following yesterday’s highly disappointing NIESR GDP Growth Estimate, with Producer Price Index Input and Output figures...

POUND STERLING This morning’s UK Mortgage Approval data and Consumer Credit numbers for May disappointed, causing some early downward pressure on the Pound. Events elsewhere have determined the levels on GBP pairs during this afternoon’s session. NEAR-TERM OUTLOOK – NEUTRAL TO NEGATIVE. US DOLLAR – The Pound Dollar exchange...

POUND STERLING The Pound has done little more than hold its own against the other majors today as market participants focussed on events elsewhere. With no data released in the UK today, a positive move for the FTSE 100 equities index was cancelled out by expectations that a Bank of England interest rate rise is many months away yet....

POUND STERLING The Pound has suffered limited losses against virtually all of the other majors during today’s session. With this morning’s Public Sector Borrowing figures for May providing few surprises, most investors are taking a ‘wait-and-see’ approach ahead of tomorrow’s release of June’s BoE Minutes. If more than two MPC...

POUND STERLING With no data of note released today in the UK, yesterday’s poor UK Retail Sales figure for May continued to weigh heavily on investor’s minds. This has caused the Pound to lose ground against nearly all of the 16 most-actively traded currencies. The exception being the reserve currencies. NEAR-TERM OUTLOOK – NEUTRAL...

POUND STERLING This morning’s CPI inflation figure for May showed that annualised inflation in the UK remains at the same level as it was in April. Analysts had expected this, but the Pound still edged forward against most of the majors on the day. However, the persistent rise in UK prices is unlikely to cause the Bank of England to...