Pound Canadian Dollar forecast page 8 - GBP CAD

Poor British trade figures for February held back the POUND STERLING on the currency markets during today’s session. The numbers showed that the UK’s trade gap is widening, suggesting that the domestic manufacturing sector remains dormant. Sterling heads into tomorrow trading with a NEUTRAL TO NEAGTIVE bias. The US DOLLAR has given...

Weaker than expected US Durable Goods data, released yesterday afternoon in the States, saw global share indices lose ground and the US Dollar stage a brief rally. The numbers showed that orders of durable goods in the US rose by 2.2% in February, following January’s sharp drop-off of 3.6%. Analysts had been expecting a stronger...

The Pound To US Dollar Exchange Rate is 1.5864. Yesterday’s session in the currency markets was marked by a flight to safety from institutional investors, which saw the safe-haven US Dollar well-supported and the high-yielding Australian Dollar, New Zealand Dollar and South African Rand sold off. Global share markets also registered...

Extremely poor UK Retail Sales figures held back the POUND STERLING during today’s session. The shop sales numbers showed a significantly lower monthly growth than analysts had been anticipating, meaning that Sterling heads into tomorrow trading to a NEUTRAL bias. Worryingly weak German PMI survey data, released earlier today, has served...

The headline rate of UK inflation dropped to its lowest level since the end of 2010, official government figures, released yesterday, showed. The Consumer Prices Index fell to an annualised 3.4% in February, down from January’s monthly figure of 3.6%, suggesting that the Bank of England is managing to rein in the ravaging effects of...

The POUND STERLING has held its ground while other majors, in particular the high-yielders, made their move during today’s session. This morning’s PMI Services for February sector survey came in below expectations, showing a pronounced dip from January’s number, but this failed to hurt the Pound overly, as investors sit on their hands...

POUND STERLING A very quiet day for UK data and risk events saw the Pound hold steady against all of the major currencies bar the high-yielders during today’s session. The latest RICS House Price Balance numbers, released in the early hours of tomorrow morning, are unlikely to provide much in the way of positive momentum for Sterling....

The Pound Euro exchange rate GBP EUR is trading at 1.19103, up 0.26%. The Pound Dollar exchange rate GBP USD is trading at 1.58121, down 046%. The Pound Australian Dollar exchange rate GBP AUD is trading at 1.47474, up 0.42%. The Pound New Zealand Dollar currency rate GBP NZD is trading at 1.89789, up 0.22%. The Sterling Swiss Franc rate GBP...

POUND STERLING On the face of it, today was a poor day for the UK economy, with official government data showing that British economic activity contracted by 0.2% in the final quarter of 2011. The minutes of the most recent Bank of England Monetary Policy Committee meeting were also released, showing that several members are keen to...

The Pound Euro exchange rate (GBP EUR) is 1.1981. The Pound Dollar exchange rate (GBP USD) is 1.5562. The Pound Australian Dollar exchange rate (GBP AUD) is 1.4760. Market focus returned to the Europe’s ongoing debt crisis, at the start of this week’s session in the currency markets, with Eurozone finance ministers preparing to meet in...