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By James Matthews

This morning has already seen the Dollar gain nearly a cent on the Pound. With only around two weeks passed since the Pound was flirting with breaking the 1.60 barrier we are now faced more realistically with falling through the 1.50 barrier if trends continue.

Sterling has experienced a slip against most major currencies this morning following a statement from Monetary Policy Committee member Martin Weale suggesting 2010 and 2011 reports and predictions may be optimistic and that a UK double-dip recession is a very real possibility.

In tough times for both the UK and the US keep in close contact with your currency broker as any breaking news tends to have a very volatile effect on the market.

By James Matthews

Today was a day where very little new information was due for release with exception perhaps to Canadian CPI data figures. The Consumer Price Index shows the effect of inflation on prices in a specific economy. There are two different types of CPI data that are released general figures and ‘Core’ figures.

The Core figures are seen as a more important indication of the effect of inflation as it takes into account only 8 key industries. Whilst the general CPI figures for Canada decreased both on a Month on Month (MOM) and Year on Year basis, the ‘Core’ Month on Month figures saw a significant change from a decrease of 0.1% to an increase of 0.6%, bearing in mind the expected figure was an increase of 0.1% this could be the reason for some slight CAD strength this afternoon.

Look out for the Retail figures on Monday 24th at 13.30 if you are looking trading Canadian Dollars. Get in contact with Foreign Currency Direct to make the most out of your purchase.

By Myles Birkett

After a hard few weeks for the USD, US job loss figures MOM showed an increase of 20,000 people out of work. This is another concern for the economy as cracks appear to widen, backing claims further of a possible double dip recession. I can see this possibly having a negative on the USD against most currencies throughout  today as there are no data releases planned that could show signs of their economy improving.

If you do have an immediate requirement then please get in contact sooner rather than later as turbulent times are set ahead. Please fill out the forms below to be contacted about your requirement.

By James Matthews

Canadian Dollars continued to gain against the Pound yesterday and closed at a week low – a 2.5% loss against the week high against the Pound.

Leading Indicator figures and Wholesale sales are both out today at 13.30 and this could be a big day for the GBP / CAD pair, with four or five important data sets out for the UK at 9.30 this morning. If you are looking at either buying or selling Canadian Dollars keep in touch with one of our currency brokers, or email me directly at jfm@currencies.co.uk.

By Myles Birkett

US Mortgage application figures were released yesterday with some interesting results showing a huge improvement since the last figures were released. The figure climbed to 13% over a previous 0.6%. This is surely a sign of a recovering US housing market and this could directly impact the dollars strength in its favour,  leading to a potential spike against many other currencies today.

If you have an immediate requirement for the US dollar then please don’t hesitate to fill out the forms below.