Pound to Euro Exchange Rate Outlook: Busy Week Ahead for GBP to EUR Rates

GBP CAD Exchange Rates Break 1.63

The Canadian dollar is seeing heightened volatility this week as the impact of Hurricane Harvey is also seen on the Canadian dollar as well as US dollar. The price of oil has fallen after Hurricane Harvey hit the state of Texas and a number of oil refineries have been forced to close. Considering this was the biggest hurricane that has hit the state for fifty years and the sheer size of the Texas economy means that repercussions are going to be felt elsewhere. It has...
Pound to Canadian Dollar Drifts Lower as Global Sentiment Improves

Best rate to buy Canadian Dollars with Pounds this week (Tom Holian)

The rate to buy Canadian Dollars with Pounds is now trading at its best level in a week in what has been a rather mixed period in terms of economic data. UK GDP which was published on Wednesday showed that growth in the UK stayed firm at the expectation of 1.7%. The estimate was the first release for the second quarter and as this quarter covered both the triggering of the Brexit negotiations and the general election the data announcement was key for what happened to...
Pound to Euro Consolidates Above 1.12 Despite Increased Fear of No Deal Brexit

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,...
Pound to Euro Consolidates Above 1.12 Despite Increased Fear of No Deal Brexit

Pound to Canadian Dollar rates still rising (Joshua Privett)

Like the US Dollar the Canadian Dollar is currently suffering against the Pound, with Pound to Canadian Dollar exchange rates breaching new 5 month highs. The Pound's rally, if you haven't been in tune with the news this week, has been attributed to the sudden and euphoric announcement of an election in the UK. Contrary to what many are looking at, this rally is not simply because markets prefer a Conservative government, which is currently performing 24 points above what Labour is managing to put up...
Pound to Euro Outlook: GBPEUR Rates Reach 4-Week Interbank Highs

As expected GBP/CAD rates remained at 1.96

Yesterday was largely uneventful for the Canadian Dollar. Few data releases on either side of the Atlantic saw the situation in Greece dominating the relationship between most currency pairs. While the Greek delegation suddenly showed themselves to be more conciliatory in their run-up to their referendum on July 5th, offering new terms, and rumours that they were more open to accepting further cuts flourished. However, with nothing concrete announced, rates refused to move below or above 1.96 for GBP/CAD as no more capital flowed in...
GBPCAD Rates: Lack of Faith in the Pound Highlighted by Oil Crisis?

Pound to Canadian dollar forecast: Impact of UK politics on GBP/CAD rates

What has caused pound to Canadian dollar rates to weaken? The Canadian dollar has been improving against the pound recently owing to a number of different reasons. If we look closely at the Canadian dollar it has felt the benefit of an interest rate cut expectation south of the border in the US. This has seen a sell off for the US dollar and investors have chosen to move funds into the Canadian dollar. GBP/CAD exchange rates have now fallen below 1.70 and I think...
GBPEUR: Chances of No-Deal Force GBP to Surrender Gains

Canadian dollar boosted – Canada dodges Trump’s metal tariff

The Canadian Dollar has gained in value over the past few days against most major currency pairs, after some positive news for both Canada and Mexico has been announced regarding the impending US metals tariffs. US President, Donald Trump recently threatened to impose tariffs on metals imported into the US from all countries. His plans consist of a 25% tariff on steel imports and a 10% tariff on aluminium imports which would be very bad news for Canada which is why the currency lost value...
Pound to Canadian Dollar Drifts Lower as Global Sentiment Improves

Hurricane Irma causes the Canadian Dollar to weaken against the Pound (Tom Holian)

The Pound has made some significant gains vs the Canadian Dollar towards the end of this week. Earlier in the week the Pound fell against the Canadian Dollar after the Canadian central bank announced a surprise interest rate hike which saw the GBPCAD exchange rate hit its lowest level since January. The Canadian Dollar has weakened during the end of the week as the markets hold their breath to see how Hurricane Irma may affect the US. Owing to its geographical proximity to the US anything that...
Will Pound to Euro Rates Gain in September?

Sterling slips as weak inflation data puts a question mark over a Bank of...

Those hoping the Pound would receive a boost this morning were left disappointed as this weeks key piece of economic data out of the UK failed to meet expectations. The data released this morning at 9.30am showed that the rate of Inflation has surprisingly dropped over the last month, and this has lowered the chances of an interest rate hike from the Bank of England. Many had expected to see the BoE look into raising rates in order to weather the negative effects on the UK...
Pound to Canadian Dollar Drifts Lower as Global Sentiment Improves

GBPCAD rates break 1.70 – where next?

I wrote earlier this week about GBPCAD breaking 1.70 and so it has passed. The pound remains under pressure and the Canadian economy will continue to be supported by their main trading partner the US. The Loonie and the Canadian economy have had a rough period with the economy there flagging under the pressure of the Alberta Oil Sands fires plus the knock on impact of this event on their economy. Expectations for the future are that the price of Oil could weaken further...