GBP CAD Rallies on Positive Brexit Noises from EU

GBP CAD exchange rates have risen today despite a poorer weak for UK economic data which had resulted in a slide for sterling across all of the major currencies. The pound has rallied today on the back of some better news coming from the EU with regards Brexit. The pound has been weaker as result of uncertainty as to whether or not the Bank of England will raise interest rates at the November 2nd meeting. UN inflation may have reached a very high 3% this...
GBPEUR rate remains steady as markets await the Autumn Budget

Could the Pound make further gains vs the Canadian Dollar? (Tom Holian)

Sterling vs the Canadian Dollar has had a strong period towards the end of the week with UK economic data all coming out a lot better than expected which has helped to see the Pound make gains vs the Canadian Dollar. We began Friday morning with stronger than expected UK Industrial & Manufacturing data which gave the Pound a boost against all major currencies including vs the Canadian Dollar. With the Brexit talks currently being held in preparation for the next summit due to be held...
Pound to Canadian dollar forecast Canadian Unemployment Rate Falls

Sterling vs Canadian Dollar hits best rate in 2017 (Tom Holian)

The Pound has hit its highest level against the Canadian Dollar since December as the Canadian Dollar struggles following the recent fall in value for oil prices. There appears to be a global surplus of oil at the moment and as Canada is such a big exporter any fall in demand for oil negatively affects the price of the Canadian Dollar. The Canadian Dollar has been the victim of the uncertainty between what is happening in the US and potentially with trade discussions failing then this...
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 forecast Best time to sell Canadian Dollars for Pounds since October 2017

GBP CAD Rallies on Brighter Brexit Outlook

The Canadian dollar faces an uphill battle at the moment with the ongoing dialogue from US President Donald Trump. Trade policy changes from the Trump administration are having a negative impact on the Canadian dollar as new tariffs and protectionist policies have started to be introduced. It all started with softwood lumber last year when the US President slapped on tariffs onto Canadian exports. More recently and the US has introduced tariffs on imported steel and aluminium which also has a knock on effect on...
Pound to Canadian dollar predictions: What to expect this month

GBP/CAD Rates Rockets off Remain Lead

Canadian dollar has lost major ground against Sterling off the back of the news that the Remain campaign has entered into the lead. The financial markets have been pricing in the Remain victory and Sterling has managed major gains against most major currencies. The price of oil has also been on the rise which you would of though may have been able to provide some CAD confidence however Brexit has stolen headlines. Last week oil dropped back below $50 a barrel, but has since the...
Pound to Canadian dollar rates fall lower as Brexit intensifies

GBPCAD Dips As Fears Of A Brexit Continue

Sterling exchange rates dropped heavily against the Canadian Dollar during today’s trading session, and there’s a possibility this trend could continue throughout the night as we anticipate today's Canadian Federal Budget. GBPCAD dipped after an alarming report of a ‘Post Brexit’ Britain which has seen Sterling’s value drop against all major currencies, most notably the Canadian and Australian Dollars. In the run-up to today’s Federal Budget we've seen the Loonie post strong gains as oil prices have strengthened once again after further speculation surrounding a price...
Pound to Canadian dollar predictions: What to expect this month

GBP/CAD rates still hovering above 1.7 (Joshua Privett)

GBP/CAD rates of exchange took a slight hit to begin the week but have continued in their recent fashion of stability which has governed GBP/CAD exchange rates over the past few weeks. The minor market mover came from the results of the European wide stress tests conducted on the top 51 high street banks in the area, with the UK coming out of the exchange with a mixed bag of results. Overall it was an improved performance, with HSBC, Lloyds, and Barclays showing a robust improvement...
Pound to Canadian Dollar rate hits 20 month low could further falls be in store for the Pound

GBP/CAD rates still tentative ahead of the vote tomorrow (Joshua Privett)

The Pound is still enjoying relative strength ahead of the monumental vote tomorrow in the UK over whether the UK will be remaining in the EU, or deciding to leave. Whilst the fanfare is behind the remain camp at the moment, this is largely concentrated in a sensationalist media, as the polls are still showing essentially a dead-heat. The financial times has the vote split at 44:45 in favour of Leave with the rest of the population still undecided which is phenomenal this close to...
Pound to Canadian dollar predictions: What to expect this month

GBP/CAD surge today a lesson in market hysteria (Joshua Privett)

Today a long morning of panic selling for the Canadian Dollar emerged. Today at 13:30 GMT was the release for Canadian unemployment data. It seems a lot of investors bet that the data would come in much lower than expected after a long run of low oil prices which have hammered the Canadian economy. Before the data release many were selling off their Canadian Dollars in hordes as people were worried that the initial tick down of the rates was suggestive that someone knew something they didn't....