GBPCAD GBP/CAD
- 1.78016
- +0.00371+0.21%
GBP/CAD News
Bank of Canada issues warning: High immigration rate can't conceal grim economic data. Economy faces huge challenges.
Although Canada may not have technically entered a recession, some economists suggest that the declining trend in per capita output is similar to previous economic downturns. Therefore, economists recommend that decision makers analyze beyond the overall positive economic data released in recent quarters in Canada.
It is still uncertain whether the United Kingdom's central bank will cut interest rates for the first time in August.
It is still uncertain whether the Bank of England will announce its first interest rate cut since 2020 next week, due to the regulations before the July 4th election. Major decision-makers have not spoken publicly for more than two months, making uncertainty greater than usual. Whether recent higher-than-expected service inflation is enough to prevent the central bank from lowering interest rates from the 16-year high of 5.25% is anyone's guess. Interest rate futures indicate a 50% chance of a 25 basis point rate cut on August 1. Although a Reuters survey shows that most economists still expect a rate cut, the Bank of England may wait until the next meeting on September 19 to make a decision.
BOE Could Cut Interest Rates in August But Vote Would Be Tight
UBS raises bets on future rate cuts, making the Canadian dollar even more fragile!
Investors believe there is a 60% chance that the Bank of Canada will further loosen its policies at its policy meeting in September. Accelerating the pace of interest rate cuts will ease the pressure on heavily indebted Canadian households. This may also increase pressure on the Canadian dollar. Bank of Montreal said the spread between the Bank of Canada and the US Federal Reserve is widening, which could make the Canadian dollar more vulnerable.
Canadian Dollar Holds Steady as Markets Roil on US GDP Figures
BOE Could Deliver Three Interest Rate Cuts in 2024, ING Says
CAD: Rate Cut as Expected, More Likely to Follow – Commerzbank
UK CBI Order Book Balance Worsens in July
Sterling's Losses Could Be Limited If BOE Cuts Rates in August -- Market Talk
Is the Fed's rate cut next week a sure thing? The Bank of Canada made a shocking announcement! There have been changes in G7 monetary policies...
FX168 Financial News Agency (Asia Pacific) reported that the Bank of Canada has lowered its interest rate by 25 basis points to 4.50%, and hinted at the possibility of further rate cuts. This makes it the first economy in the G7 group to cut interest rates, leading to the largest gap in policy interest rates with the Federal Reserve since 2007.
Bank of Canada announces second consecutive interest rate cut, with the possibility of further cuts in the future.
The Bank of Canada has announced a 25 basis point cut in its benchmark interest rate from 4.75% to 4.5%, marking the second consecutive rate cut as expected by the market.
[Forex Daily Report] Economic data caused the US dollar to fluctuate. The Bank of Canada's interest rate cut suppressed the Canadian dollar to a 14-week low.
On Wednesday, July 24th, the US dollar fell as measured by the US dollar index due to the mixed results of the Standard and Poor's PMI data, as well as other foreign exchange trends and fluctuations in US yield rates, and the market continued to bet on the prospect of a dovish Fed. Currently, the focus is on the second quarter GDP growth rate, followed by durable goods orders and initial jobless claims each week. The Bank of Canada has lowered interest rates by 25 basis points once again, in line with market expectations. Afterwards, the Canadian dollar fell to a 14-week low against the US dollar. The Bank of Canada further lowered its economic growth forecast for Canada, putting pressure on the Canadian dollar. USD/CAD surged to near the integer resistance level of 1.3800, hitting a three-month high. CAD/CNY also fell to a mid-April low.
Dovish Remarks Set Stage for Successive Canada Rate Cuts -- Market Talk
Here's What the Bank of Canada's Rate Drop Means for the Loonie
Economists are not satisfied: the Canadian central bank has completed two interest rate cuts, and a rate cut in September is inevitable.
The Bank of Canada cut interest rates for the second time this Wednesday (July 24th), and economists remain confident in the possible further interest rate cuts in the future. The Bank of Canada's decision to cut its key policy rate to 4.5% was widely expected by economists and the market. Economists noted the dovish tone of Governor Tiff Macklem's statement, now expecting at least two more rate cuts by the end of 2024.
Bank of Canada Doubles Down on Monetary Easing
Express News | The Bank of Canada announced a reduction in the benchmark interest rate to 4.5%.
Canadian Dollar Roils After BoC Delivers a Rate Cut but Revises Growth Forecast Lower
Door Is Still Open for Additional Cuts at The Bank of Canada, Says BMO
TD Comments on Bank of Canada's Rate Cut, QT, MPR