GBPCAD Rates shift on the Bank of Canada news!!

Will Pound to Euro Rates Gain in September?

GBPCAD exchange rates have had a very volatile afternoon as we see the Bank of Canada announce the possibility of further moves in the future. The Oil price has also been a big factor on exchange rates as we see the market changes and investors seek to capitalise. The market expectations is for the CAD rates to fall further as sterling weakens on the Brexit uncertainty. 

If you need to buy Canadian dollars then making some plans in advance is the best way forward, tomorrow is the latest UK Retail Sales which could be a key event to keep an eye on. Then in the afternoon we have the European Central Bank decision which could easily cause some big movements on the Euro which would impact risk appetite moving forward. If you have a currency transfer to make involving the pound or Canadian dollar then making some plans in advance is very important part of getting the best deal.

Anything can happen on exchange rates as the last few weeks show and it is all about being prepared to really help you get the best deals. If you have a transfer to make then why not speak to me about your plans? We can help with some of the very best rates on the market and all the information you need to make an informed decision. 

For more information at no cost or obligation please speak to me Jonathan on jmw@currencies.co.uk