Pound to Canadian Dollar predictions: Factors that will impact Pound to Canadian Dollar exchange rates

Cad holds steady as Oil Prices Firm

The price of Oil has risen as the Canadian Oil Sands fires stoke Oil supply fears. Canada's Oil Sands are the world's third largest proven reserves so the worry over just how these fires will impact Oil supply is important. If you need to buy Canadian dollars the price of Oil is an important factor in determining the strength and weakness of the Canadian currency. Canada is a major exporter of Oil so the economy depends heavily on Oil and other commodities such as...
Pound to Euro outlook Election uncertainty and Brexit hold Sterling to a tight trading range

GBP/CAD corrects with oil prices

Beginning to see a pattern? GBP/CAD, and indeed most CAD pairings apart from USD/CAD have been fluctuating almost parallel to volatile week suffered on the oil markets. The short spike yesterday morning which brought rates up to 2.03 alongside lowered oil prices then corrected in the other direction as oil recovered from its overnight lows. With 2.02 GBP/CAD now firmly established on the markets it seems that the run the Canadian Dollar has had against its currency pairings as of late is not one which...
GBPEUR rate remains steady as markets await the Autumn Budget

Volatile day on GBPCAD exchange rates!

Yesterday saw some big swings on the GBPCAD exchange rate reminding us how important it is to be prepared on the currency markets of any unexpected twists and turns. Just as the pound was having a very bad day and GBPCAD to 1.6780 the Bank of England Governor Mark Carney dropped some hints that he might wish to raise interest rates sooner in the UK than had previously been believed causing the rate to rocket to, by 3 hours later we were up at...
GBPEUR rate remains steady as markets await the Autumn Budget

Will Sterling go up against the Canadian Dollar? (Tom Holian)

Oil prices are currently running out of steam and this is the first time in a week that oil prices have fallen. Since the OPEC meeting at the end of November they decided to reduce production in an attempt to increase prices of oil. As a petro-dependent currency the Canadian Dollar strengthened vs Sterling but today we have seen a rebound for GBPCAD exchange rates as the Pound has gained from the Italian referendum news over the weekend. The main driver of exchange rates for Sterling...
Pound to Canadian Dollar exchange rate Global trade tensions and Brexit to drive GBPCAD rates

Will GBPCAD rise or fall?

The pound has really struggled today dragging GBPCAD down almost 3 cents as investor concerns over the economic outlook for the UK increase. The Bank of England reduced growth forecasts and withdraw previous support for an interest rate hike causing the currency to slide as largely expected. The GBPCAD rate had been moving closer to the 1.60 rate in the last few weeks but a much softer CAD had provided some short term relief for CAD buyers. If you have a transfer buying or...
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...
Pound Sterling Softens Against the Canadian Dollar, but a Week of Economic Data Releases Will Test Both

GBP/CAD rates fall as markets digest the news from last week (Daniel Wright)

From briefly hitting 1.95 on Friday, GBP/CAD rates have fallen to 1.93 in a single morning of trading and seem to still be falling. There are a few reasons why, but those who have a Canadian Dollar requirement over the next few months, should consider their options. It would take quite a monumental data release like the one last week to shift rates up to 1.95 again. As we have seen today it is difficult for the rates to even stay at that level...
Pound to Canadian Dollar predictions: Factors that will impact Pound to Canadian Dollar exchange rates

Canadian Dollar Strength on Positive NAFTA News

The Canadian dollar has bounced back strongly with good gains across the major currencies including the pound. The Canadian dollar strength has come about after it has been reported that Canada will be largely exempt from the majority of the major changes in the NAFTA agreement which is still being negotiated after many months of uncertainty. The news is welcome for the Canadian economy knowing that trade will continue in a positive manner and gives some reassurance to the Canadian dollar. Rates for GBP CAD...
GBP/CAD Exchange Rate Dipped as the Market Prepared for Election, Tory Win Means GBP Has Cashed Back In

How will GBPCAD perform for the rest of the month?

The pound to Canadian dollar has been slipping from the highs of almost 1.68 to more comfortable levels in the 1.64-1.65 range. Most clients looking to buy Canadian dollars are now faced with two key events to try and determine the future direction on the pairing, namely the likelihood of an interest rate hike by either the Bank of England or the Bank of Canada. For both countries Inflation is a key factor in determining whether or not the central bank will raise interest rates....
GBP/CAD Exchange Rate Dipped as the Market Prepared for Election, Tory Win Means GBP Has Cashed Back In

Will GBPCAD reach 1.70?

The pound has risen to fantastic fresh highs against the Canadian dollar which is an excellent opportunity for any clients looking to buy Canadian dollars with pounds. If you are looking to make any kind of currency transfer in the future buying Canadian dollars these levels may not last for too long and making the most of them could be very worthwhile. Expectations on the rates for the future are mixed but overall I would expect the pound to lose further ground against most...