Canadian Dollar boosted by GDP

2 March, 2012


Canadian GDP, released today, showed a surprise increase to 0.4% in December, strengthening the Canadian Dollar (CAD) and causing rates for sending money to Canada to fall over a cent against the Pound.

Sterling is up slightly against the Euro despite the Fiscal Pact being signed off at the EU summit today, but has fallen back from recent highs against the US Dollar during trading today.

On Monday we have UK services sector data which is an important indicator of the health of the UK economy, and can therefore have a pronounced effect on the Pound.