Category Archives: exchange rates

Sterling stuck in $1.75 to $1.85 range

STERLING HIT BY CHARTS AND POLITICS Technical resistance and Downing Street unrest took their toll on sterling despite decent economic data. UK and Canadian interest rates remained unchanged after policy meetings.The week began promisingly for sterling with a rally that … Continue reading

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Sterling loses two cents worth

INVESTORS GO FOR RISK AND YIELD Few ecostats from the UK but positive on balance. Commodity currencies in favour.Sterling lost two cents on the week, falling from $1.79 to $1.77. It took three days for investors to make up their … Continue reading

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Loonie-pound still steady

STERLING DODGES DOWNGRADE THREAT The week’s economic statistics had little effect on sterling. One rating agency warns that gilts might lose their AAA status; the other two agencies disagree. Canadian inflation approaches zero but retail sales are still positive. The … Continue reading

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