Pound to Canadian Dollar forecast Brexit news continues to dominate movement for the GBPCAD exchange rate

Canadian Exchange Rates ahead of Canadian Retail Sales

The Canadian dollar has come under considerable pressure of late which has presented those clients looking to buy Canadian dollars with some much better opportunities to purchase. Canadian dollar exchange rates have fallen largely as a result of the breakdown in the North American Free Trade Agreement (NAFTA) which is creating additional uncertainty for the Canadian economy. US President Donald Trump has Rates of exchange for GBP CAD are at the highest levels seen since last May with levels sitting above 1.75 for this...
Pound to Euro forecast Sterling slides against major currencies as Brexit negotiations stall

GBPCAD takes a tumble (Dayle Littlejohn)

This week oil prices have continued to rise and have reached their highest levels since the beginning of February, and a barrall is now above $55.  The Organisation of Petroleum Exporting Countries (OPEC) managed to get all of the countries to cut oil production in a bid to improve the price of oil and that is the reason why we have seen the rise. However it's not all positive news for OPEC as it was only two weeks ago when  Iraqi Prime Minister Haider Al-Abadi...
Pound to Canadian dollar predictions: What to expect this month

Bank of Canada interest rate decision and the impact on GBPCAD rates

The Bank of Canada are due to be meeting later this evening to announce their latest interest rate decision. The expectation is to keep interest rates on hold so I don't think we'll see any changes in monetary policy, however, the important part of the day will be the accompanying statement which will provide us with evidence as to why they have decided this month's policy. The Canadian Dollar has been gradually improving against the Pound during the last few months but we could start to...
Pound to Canadian dollar predictions: What to expect this month

GBP/CAD Forecast – Brexit Negotiations Continue to Dominate Headlines (Matthew Vassallo)

GBP/CAD rates hit a high of 1.7188 earlier today, although the pair have remained extremely flat during Thursday’s trading. The Pound has seen its recent support soften over recent days, as confusion over the on-going state of Brexit negotiations continues to dominate headlines. Progress regarding the final figure on the UK’s Brexit settlement (rumoured to be as much as 50 billion Euro) and agreements in principal regarding the Irish border and protection of EU nationals in the UK, were seen as a major breakthrough after months...
Pound to Euro rate near 26-week high on low ‘No Deal’ Brexit risk

USD/CAD and EUR/CAD exchange rates the focus for the day

The long awaited US interest rate decision will be released today.  With the US being the largest economy in the world, and a significant proportion of of global debt being denominated in US Dollars, this decision will likely affect all major currencies. For the Canadian Dollar, the two major currencies in question which will be swinging wildly as a result, will be USD/CAD and EUR/CAD (to a lesser extent GBP/CAD). USD/CAD has already come under pressure and may fall below 1.32 soon, and EUR/CAD however,...
GBPEUR rate remains steady as markets await the Autumn Budget

Economic data that may impact Canadian Dollar exchange rates for the end of the...

The recent drop in oil prices has led to weakness for the Canadian Dollar, we have seen oil prices fall in value by $5 per barrel over the past month which is starting to weigh down on the value of the Canadian Dollar. Canada's economy does have oil as one of its key exports so any negative move on oil prices can impact both the Canadian economy and lead to weakness for the Canadian Dollar too. This afternoon at 13:30pm GMT we have the release of...
GBPEUR rate remains steady as markets await the Autumn Budget

Mark Carney helps the Pound make gains vs the Canadian Dollar (Tom Holian)

Bank of England governor Mark Carney has hinted this afternoon that the central bank may be looking at interest rates a lot closer this year than they have been recently. The Pound has made gains vs the Canadian Dollar following the announcement whereby Carney said 'some removal of monetary stimulus is likely to become necessary.' Last week Carney has suggested that to raise UK interest rates at the moment would be too early and owing to the turn around this afternoon this has seen the...
Pound to Canadian Dollar Forecast Steady Tone for the Canadian Dollar Ahead of Key Domestic Data Due This Week

Sterling predicted to fall further in 2018, should you exchange your Pounds now? (Joseph...

This morning could be important for Sterling exchange rates as UK trade balance figures for the Pound are due to be released. UK Trade balance figures are important because they will demonstrate the gap between what Britain buys from the rest of the world versus what it sells back. This update comes at a time that major Swiss lender, UBS have highlighted the growing imbalance in the UK's trade book which is the highest of all G7 countries. Due to the uncertainty surrounding the UK economy...
Pound to Canadian Dollar forecast Brexit news continues to dominate movement for the GBPCAD exchange rate

GBP/CAD Forecast – What Affect will the Triggering of Article 50 have? (Matthew Vassallo)

It’s been an extremely volatile few days for GBP/CAD exchange rates, with the pair falling towards 1.63 on Monday. The Pound staged a fightback yesterday, following confirmation that the UK Prime Minister Theresa May now has the authority to trigger Article 50 at any time. This helped boost Sterling’s value, with the pair now trading around 1.6450. However, there is still uncertainty over when the bill will actually be invoked and as such I feel the current strength is likely to be unstainable in the short-term....
Pound to Canadian Dollar exchange rate Volatility expected for GBPCAD rates ahead of Canadian general election

Will GBPCAD break 1.80 this week?

The pound to Canadian dollar exchange rate has seen a big twist and turn lately as the market struggles to price into expectations the changes in sentiment towards both the Canadian dollar and the pound. The Canadian dollar has risen as investors feel a stronger and higher price of oil will boost the Canadian economy in the longer-term. The pound has also struggled as investors step back from the high expectations that have been placed into the market relating to interest rates. The general belief...