Category Archives: exchange rates

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 … Continue reading →

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 … Continue reading →

STERLING BOUNCED AROUND BY DATA UK industrial production disappoints investors. IMF upgrades economic forecast for Britain but not by much. Canadian employment report better than expected. With the Canadian dollar unchanged against the US dollar over the week sterling’s performance … Continue reading →