The Relocation Coach

IMROVING US ECONOMY HURTS CANADIAN DOLLAR

Nationwide reports a third successive monthly rise for house prices. Loonie gets caught in the crossfire through no fault of its own.

It was not the most exciting week ever for GBP/CAD. Having set off from $1.7850 it took four days to move more than a cent and a half away [...]

SECOND QUARTER GDP HOBBLES STERLING

Investors are still nervous about sterling after Britain’s economy shrank by more than expected in the second quarter of the year. Canadian interest rates remain steady for another month.

Sterling continued last week’s downward trek at roughly the same pace. With minor variations it headed southeast from $1.82 on Monday to $1.7750 [...]

STERLING DRIVEN BY RISING INVESTOR CONFIDENCE

UK data were of little consequence to sterling. An IMF review of the British economy was less than complimentary. Canadian business optimism jumps sharply.

On most fronts (US Dollar, Japanese yen, euro) the pound did well but it lost ground to the “risky” commodity dollars – including the Loonie – and [...]