Go Back  British Expats > Partner Forums > HiFX - International Currency Transfers
Reload this Page >

GBP/CAD Weekly Currency Update - Week ending 24th July

GBP/CAD Weekly Currency Update - Week ending 24th July

Old Jul 27th 2009, 10:55 pm
  #1  
BE Enthusiast
Thread Starter
 
Joined: Dec 2004
Posts: 524
Windsor2 will become famous soon enoughWindsor2 will become famous soon enough
Default GBP/CAD Weekly Currency Update - Week ending 24th July

Hi All,

Here’s an update on what’s been happening in the currency markets over the last week.

The surge in risk appetite around the globe has manifested itself in a sharp 10 day appreciation in global stock markets, a similar boost to the oil price and a slide in the Dollar, with most currencies other than the US Dollar and the Yen gaining the benefit. With the catalyst for this risk appetite coming from improvements in US sentiment, the Canadian Dollar (as a neighbour) is getting a particular boost.

Domestically, the Canadian Dollar was boosted by an encouraging set of Retail Sales figures (+1.2% m/m) and an upwardly revised forecast from the Bank of Canada, who now see Q3 growing 1.3% (from a 1% decline) and the first half of 2010 growing by 4%!

CAD Movement – High’s & Low’s of last week (20th – 24th July)

High’s: 1.8329
Low's: 1.7734
A movement of 3.36%

Difference on £200,000
High: 366,580 CAD
Low: 354,680 CAD

Difference of: 11,900 CAD

Whilst FX certainly isn't the most thrilling of subjects, the sooner you begin to think about your money transfers, the more likely you are to make your money go further.

Best Regards




Mark Bodega
Director - HiFX
Windsor2 is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us - Manage Preferences - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Your Privacy Choices -

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.