GBPCAD GBP/CAD
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GBP/CAD News
Bank of England downsizing “pulls” cash demand from liquid banks to record high for six consecutive weeks
The Bank of England has borrowed Bank of England cash for the sixth week in a row.
How Could the UK Election Influence BoE Policy?
Polls show the Labour party is likely to win the July 4 UK general election.
Canadian Dollar recedes on Wednesday as Greenback rebounds
The Canadian Dollar is softening across the board on Wednesday, shedding weight as the safe haven Greenback catches a broad-market bid.
Gradual Bank of Canada Rate Cuts Won't Provide 'Sufficient Respite' -- Market Talk
PGM Global strategists warn the Bank of Canada would have to cut rates at a far deeper and quicker pace than current market expectations to provide a meaningful jolt to the economy.
Pound Sterling Rally Stalls as Focus Shifts to US Core PCE Inflation Data
The Pound Sterling (GBP) corrects to 1.2750 against the US Dollar (USD) in Wednesday’s London session after posting a fresh 10-week high at 1.2800 on Tuesday. The rally in the GBP/USD pair stalls as the United Kingdom (UK) inflation outlook softens and the US Dollar (USD) comes out of the woods.
UK store inflation “rapidly normalized”, but not enough to persuade Bank of England to cut interest rates
Economists from the British Retail Association believe that the inflation rate of goods and food sold in British stores has fallen back to normal levels, but this is not enough to persuade the Bank of England to cut interest rates next month. Brown Brothers strategist Harriman said that the Bank of England is more concerned about high inflation in the service sector.
Can AI-driven Efficiencies Address Canada's Lagging Economic Productivity?
A new report from TD Economics says that while advancements in AI technology could help the Canadian economy address long-standing productivity issues, its potential for growth will depend on its implementation.
Canadian Dollar declined on data-light Tuesday as US markets return to the fold
The Canadian Dollar (CAD) is broadly softer on Tuesday, paring away some of the gains found at the start of the trading week.
Canadian Rate Cuts Will Take Months to Help Consumers, Scotiabank Says
While expectations for lower borrowing costs are building, it will take as long as three quarters for interest-rate cuts “to really bear fruit” for bank customers, according to a Bank of Nova Scotia executive.
Pound Nears Multi-Year High Versus Peers as Traders Turn Bullish
The pound is nearing its strongest level in years against two of its major counterparts as traders ratchet up bets that the Bank of England will keep interest rates on hold for longer than peers.
UK store inflation falls, economic outlook shows signs of improvement
At the beginning of May, UK retailers' price increases fell to their lowest level in more than two years, adding to the signs of improving economic prospects. Meanwhile, as more shoppers choose value, supermarkets are racing to keep prices low, which helps curb grocery inflation.
UK retail inflation returns to 'normal' levels as elections approach
At the beginning of May, UK retailers' price increases fell to their lowest level in more than two years, further showing signs of improving economic prospects.
Bets on Canada Rate Cut Hold Out Hope for Underperforming Banks
Investors up and down Toronto’s Bay Street are increasingly betting on a June rate cut in Canada, potentially giving a boost to Canada’s long-suffering bank stocks.
RBC Previews This Week's GDP Data in Canada
The Canadian economy likely grew more quickly in Q1 based on headline figures, but it was not fast enough yet again to keep up with surging population growth, said RBC.
Pound Sterling Capitalizes on Soft US Dollar and Uncertainty Over BoE Rate Cuts
The Pound Sterling moves higher as the US Dollar drops even though Fed rate-cut bets ease.
Another Hold on Interest Rates Risks Further Damage to the Economy
With Canada’s latest inflation figures paving the way for a policy rate cut, some economists worry another hold by the Bank of Canada could further damage the economy.
Retail Sales Highlight Impact On Canadians Of High Interest Rates -- Market Talk
Retail sales in Canada have softened meaningfully as households face elevated interest rates, and while there are some signs that spending could recover in April any increases fall well short of torrid population growth, Bank of Montreal's Shelly Kaushik says.
Canadian Retail See Signs Of Recovery After Weak Stretch -- Market Talk
Canadian retailers had another soft month in March, but early signs point to consumers spending again last month.
Market Chatter: Canada To Spend More On Debt After Rate Forecasts Edge Higher
Canada's government says it will spend more on debt costs this year as it updates its forecasts to reflect a higher-than-expected outlook for interest rates, Bloomberg News is reporting Friday.
Pound Sterling Shows Resilience After UK Retail Sales Slump in April
Pound sterling edged higher against the US dollar but fell against other major currencies in early European trade on Friday after retail sales slumped more than expected in April with broad-based weakness across most sectors.