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By Michael Vaughan

Sterling continued its poor run against the USD falling 0ver 0.5% against the greenback but was to strengthen against the loonie (Canadian Dollar).

GBP/USD levels reached a 6 week low following a report from Moody’s the credit rating agency warning that the triple-A rating for some of the developed economies, including the UK, would be scrutinised highlighting some of the financial woes they face.

By Leigh Smith

GBPCAD exchange rates this morning have been relatively stable in comparison with market movements of recent times, with a movement of just 0.1% down for the day.

However, for anyone that may be looking to send money to Canada this afternoon could be a different story. At 2pm GMT the Bank of Canada release their interest rate decision for December. As you may be aware, increased interest rates generally is seen as bullish for the respective currency. If this is the case, then we could see GBP CAD exchange rates fall as the Canadian Dollar strengthens.

By Leigh Smith

For anyone who is looking at buying Dollars, both US and Canadian, then the movements witnessed on the markets during early morning trading today have increased the cost of such purchase.

Sterling has lost over 0.5% against the US Dollar, and 0.4% against the Canadian Dollar so far this morning.

These movements could potentially be in preparation of two key data releases this week, the Chancellor’s pre-budget report on Wednesday and the Bank of England’s interest rate decision on Thursday; both of which have caused large levels of volatility in the past and may do so this time.

By Rob Bastin

GBP/USD exchange rates finished the day down by 0.35%. This was due some weaker than expected PMI data for the UK in the morning, combined with some better than expected jobless claims figures for the US in the afternoon. Tomorrow’s Uneployment and non-farm payroll releases for the US will be key for dollar exchange rates.

By Leigh Smith

For anyone looking to send money to Canada, yesterday brought about some attractive buying opportunities as we saw Sterling strengthen accross the board on the back of positive PPI (Producer Price Index) figures released for the UK.

GBPCAD exchange rates have this morning however reverted back to the form of recent times, showing a small loss during early morning trading. If you have a requirement to buy Canadian Dollars then it may be prudent to get in touch today by submitting an enquiry and one of our award winning currency brokers will call you back to explain the options available to you.