GBPCAD GBP/CAD
- 1.74388
- +0.00035+0.02%
GBP/CAD News
Canadian Dollar Gives Mixed Performance on Holiday-thinned Wednesday
The Canadian Dollar (CAD) is treading water on Wednesday, trading within a scant tenth of a percent against its largest peer — the US Dollar (USD). US markets are shuttered for the midweek Juneteenth holiday, thinning out market volumes as investors look ahead to key data prints on Friday.
UK Inflation in Line With Expectations but Services Still Too Hot – ING
The latest UK services inflation numbers are a bit disappointing for the Bank of England (BoE), and the latest figure is 0.4ppt above what it had forecast back in the May monetary policy report, ING’ FX Strategist Francesco Pesole suggests.
British pound makes a strong comeback: 3 major market signals hidden behind inflation data and the next move of the Bank of England.
Amidst the complex background of global economy, every fluctuation in the UK's inflation data has become the focus of the market's attention. The latest inflation report not only provides investors with a window into the UK's economic conditions, but also adds new uncertainty to the future trend of the British pound.
U.K. Inflation Data Could Boost Case For August Rate Cut But Future Outlook Unclear -- Market Talk
0859 GMT - U.K. annual headline inflation for May decelerated to 2%, a move that could solidify the case for an interest-rate cut by the Bank of England in August, XTB research director Kathleen Brook
Bets of an August BOE Rate Cut Dashed by High Services Inflation
Traders pared bets that the Bank of England will ease monetary policy in the coming months after data showed services sector inflation remained higher than expected in May.
U.K. Services Inflation Tops BOE Expectations, But August Cut Still in Play -- Market Talk
Despite falling headline U.K. inflation, it's services inflation that matters for the Bank of England and in May it came in higher than expected for the second-straight month, ING economist James Smith says in a note.
Inflation Returns to Bank of England's Target for the First Time in Nearly Three Years
Inflation in the U.K. returned to the Bank of England's target for the first time in nearly three years, data that underscores the central bank will soon join other peers in beginning to reduce interest rates.
Forex Today: Pound Sterling Edges Higher After UK Inflation Data, US Markets Closed
Pound Sterling clings to small gains early Wednesday as investors assess May inflation data ahead of the Bank of England's (BoE) monetary policy announcements on Thursday.
UK's CPI fell to 2% in May for the first time in three years, and service inflation exceeds expectations, shattering hopes for interest rate cuts.
Zhitong Finance app learned that the UK inflation rate has fallen to the Bank of England's target of 2% for the first time in nearly three years. However, for Prime Minister Sunak's political fate to improve before the upcoming election, this milestone event may be too late. The UK National Statistics Bureau said on Wednesday that the consumer price index (CPI) for May fell slightly from 2.3% last month. Although this should keep the central bank on the path of interest rate cuts later this year, inflation in the service sector remains high, which may cause policymakers to remain cautious when taking action. Although, these data will allow Sunak to announce the victory over the cruel life.
Pound Sterling Rises After UK Inflation Declines Expectedly
The Pound Sterling moves higher above 1.2700 as the UK inflation cools down further in line with expectations.
UK Inflation Hits 2% Goal for First Time in Almost Three Years
British inflation fell back to the Bank of England’s 2% target for the first time in almost three years, a milestone that likely comes too late to improve the political fortunes of Prime Minister Rishi Sunak before the looming election.
UK's Annual Inflation Eases to 2% in May
Britain's annual inflation rate declined to 2% in May from 2.3% in April, according to data from the Office for National Statistics published Wednesday.
UK CPI Set to Cool Down Further in May, Reaching BoE's 2% Target
The United Kingdom’s (UK) Office for National Statistics (ONS) will release the May Consumer Price Index (CPI) report on Wednesday at 06:00 GMT.
Canadian Dollar Gets Pulled in Both Directions on Data-light Tuesday
The Canadian Dollar (CAD) is broadly mixed on Tuesday as CAD traders find their focus pulled elsewhere. A data-light week has sent the Canadian Dollar adrift, giving a mixed performance against the major currencies board.
The Pound Sterling Struggles to Hold Above 1.27 – Scotiabank
Even though the GBP/USD struggles to hold above 1.27 after last week's bearish close, the pair continues to find support in the upper 1.26s, Shaun Osborne, the Chief FX Strategist at Scotiabank, argues.
Canadian Dollar Holding up Better Than Expected – Scotiabank
The Canadian Dollar (CAD) is a little softer on the day but continues to range trade between the recent US Dollar (USD) peak and trough, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
U.K.'s Curious Dedication To Fiscal Rules Set To Survive Change Of Government -- Analysis
U.K. governments have long imposed limits on their own behavior that are designed to stop a steady rise in their debt. Despite the failure of those fiscal rules to achieve that goal, the U.K.'s next government seems set to do the same.
Pound Sterling Retreats From 1.2700 With Focus on UK Inflation and BoE Policy Outcome
The Pound Sterling (GBP) faces selling pressure in an attempt to extend recovery above the round-level resistance of 1.2700 against the US Dollar (USD) in Tuesday’s London session.
Canadian Dollar in a Holding Pattern as Markets Await Meaningful Data
The Canadian Dollar (CAD) is trading tightly on Monday, with gains and losses mixed across the board and within a quarter of a percent against most of its major currency peers.
UK's Most Important Market Rate Has Never Been So Stable
The average interest rate that UK banks borrow sterling overnight from other financial institutions at has been unchanged for the longest stretch on record as it converges with the Bank of England’s own policy rate.