• About Us
  • Authors
  • Currency Charts
  • Live Exchange Rates
  • Contact Us

Exchange Rate Forecast

Exchange rate forecasts and foreign currency news

  • British Sterling
  • Euro
  • US Dollar
  • Australian Dollar
  • Canadian Dollar
  • Brexit News
You are here: Home / Canadian Dollar / Canadian Dollar exchange rates: Important economic data today

Canadian Dollar exchange rates: Important economic data today

September 22, 2017 by Ben Fletcher

Canadian Dollar exchange rates: Important economic data today

Around lunch time today the latest important economic data will be released for Canada and could cause volatility for the exchange rate. The Bank of Canada have twice raised interest rates this year and that’s with Canadian inflation not moving too much. If there is some movement upwards for inflation then there could well be scope for further rate hikes as early as this year. The CAD has been the strongest performing currency of all the G20 countries and this could continue.

Retail Sales Index and Consumer Price Index are some of the most significant releases as the demonstrate how the economy in question is performing. The GBP/CAD rate had been falling until last week with events only changing once the Bank of England proposed future rate hikes in the UK. In the short term the GBP/CAD rate is unlikely to pick up too much in the future, however there could be movements back to the 1.60 level if the data is strong.

Theresa May’s Brexit speech to rattle markets

Theresa May will speak later today and is thought to be delivering an update on the Brexit talks. There are rumours that Prime Minister May will announce how much the UK are prepared to offer to the EU to settle any future commitments over the next few years. The figure is thought to be around £20bn but it is yet to be seen if that will be excepted by the EU.

If it is good news for Brexit talks then there could be an immediate boost for Sterling, however bad news could obviously cause a drop. The GBP/CAD rate along with many currency pairs could have volatile days today, especially if there is big news.

Filed Under: Canadian Dollar Tagged With: Bank of Canada, Brexit, CADGBP, Consumer Price Index, GBPCAD, Pound Sterling weakness, Pound strength, Retail Sales Data, Theresa May

The information on this website is provided for information purposes only. It does not constitute advice to any person on any matter. Every reasonable effort is made to ensure that the information is accurate and complete but we assume no responsibility for and offer no warranty with regard to the same.

Recent Posts

  • Sterling finds support but unlikely to make any significant impact in the coming days May 9, 2018
  • US Dollar hits 5 month high against Sterling May 2, 2018
  • Sterling exchange rates at the mercy of political developments May 1, 2018
  • Pound weakens as political uncertainty once again raises its head May 1, 2018
  • Will Mario Draghi’s speech impact GBP/EUR? April 26, 2018

Live Exchange Rates

Archives




Copyright © 2021 — Currency.co.uk • All rights reserved. • Exchange Rate Forecasts • Privacy Policy •

We use cookies to ensure that we give you the best experience on our website. By using this site you agree to receiving cookies.I agreeRead Privacy Policy