With the UKs referendum in regards to EU membership only 8 days away the golden question is how far will the Pound fall against the Canadian dollar? Come June 23rd I wouldn’t be surprised to see GBPCAD in the 1.79s and then depending on the outcome rates could fall further or increase back towards 2.
Today the UK release their latest Interest Rate decision. There has been speculation if the UK were to leave the European Union the Bank of England would be forced to cut Interest Rates. It will be interesting to see Governor Mark Carney’s comments after the decision and his comments in regards to the referendum. I expect further Sterling weakness this afternoon.
It was only 6 months ago GBPCAD was fluctuating close to 2.10 therefore if you are selling Canadian Dollars to buy Sterling taking advantage of the current volatility may be wise.
If you are looking to buy or sell Canadian Dollars this year, the currency company I work for enables me to achieve clients up to 5% better exchange rates than the high street banks and other brokerages. I specialise in property purchases and sales.
Therefore if you are buying or selling a property this year and want to save money by achieving the best possible exchange rates but also want help in timing your transfer, get in touch by emailing me on [email protected]. Alternatively if you would like to discuss your requirements over the phone call 01494-787478 and ask to be put through to Dayle Littlejohn
The more information you provide me, the more information I can provide you. Below is a list of what I require: your name, currency pair, brief description of requirement, amount, budget, timescales, telephone number and convenient time to call.