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 was underwhelming. It lost half a cent, touching a $1.8650 low and a $1.90 high along the [...]
STERLING SCUPPERED BY FIRST QUARTER GDP
Downward revision to Q1 growth scares investors. Loonie struggles alongside other commodity currencies.
A good start to the week took sterling from $1.9050 almost to $1.93. The reversal came quickly and by Thursday the pound was down to $1.8750. A rally to $1.91 was followed by a fresh decline. When London [...]
Canadian money
Our friends at TTT Moneycorp help us keep an eye on the exchange rates between Canada and the UK. The rates have not been so good for people wanting to bring over their hard earned money from the UK and invest in their new lives in Canada. And let’s face it even small changes in the [...]