GBPCAD rates falling – when do I buy?

GBP EUR Exchange Rate: Week in Review October 9th

Buying the Canadian Dollar has been becoming more and more expensive of late, the trend is showing negative and is well founded.  As a result if you have CAD to buy you will be looking for an opportunity for a short uplift and these are expected this week.  Later today we have Unemployment data and tomorrow we see UK Retail Figures. Due to the early Easter this year Retail figures are expected to show an improvement and as a result will probably give such an opportunity. Coupled with the fall in Oil prices which has a direct impact on the Canadian Dollar’s value it equals a perfect storm.

If you are looking at buying the Canadian Dollar I would not be surprised if the levels available this week will be the best that we see for some time, probably the remainder of the month.

Here we help our clients on both fronts, giving access to award winning exchange rates PLUS trying to help give pro-active information to assist in timing transfer. Simply put, if we could not save our clients’ money, we would not be in business.

To see first-hand how much that you can save make contact today, contact Steve Eakins via email at [email protected] for a personal and quick response.