Pound Stronger vs Canadian Dollar this Morning

What will move GBP/CAD this week? (Daniel Johnson)

  Tuesday 31st January - Canadian GDP & Manufacturing PMI Tomorrow will see the release of Canadian GDP. Gross Domestic Product is released by statistics Canada and is a measure of the total value of all goods and services produced by Canada. GDP is a broad measure of Canadian economic health and activity and if there is a move against expectations expect volatility on GBP/CAD. Thursday 2nd February -  UK Data - PMI Construction, BOE Asset Purchase Facility, Interest Rate Decision and Carney's Speech First up on Thursday we...
Pound to Canadian Dollar Outlook: BoC Interest Rate Cut Bets Soar as Oil Prices Sink CAD

Where next for GBPCAD exchange rates?

Throughout yesterday afternoon the Canadian dollar received a well needed boost off the back of reduced trade war tensions. The Wall street stock market rallied following reports that the US and China are prepared to sit down and discuss trade and potentially renegotiate certain tariffs which benefit both parties. Central banks tend to hold of raising interest rates at times of uncertainty and the Bank of Canada confirmed this a few weeks ago. However, now that it looks like there will be formal negotiations, the...
Pound to Canadian Dollar Drifts Lower as Global Sentiment Improves

How will the invocation of Article 50 effect GBP/CAD? (Daniel Johnson)

On Wednesday 29th March Theresa May will push the button, triggering Article 50 and this will officially begin the process of Britain leaving the EU. Despite many analysts predicting Sterling will fall in value against the Canadian Dollar, I am of the opinion Sterling will rally. The market moves on rumour as well as fact. I think The official exit from the EU is already factored into current buoyancy levels on GBP/CAD.  If there is an unpredicted event, or a data release goes against...
GBP EUR Slumps as British PMI Data Disappoints

GBPCAD improves on OPEC deal

This afternoon has seen some interesting developments with the OPEC meeting leading to apparently an agreement which would see the members reach agreement on cutting output. Markets have improved this afternoon as confidence returns and investors place bets on future moves. GBPCAD is fairly steady but the pound has risen against most currencies. The Canadian dollar is stronger at the moment relatively speaking since the Canadian dollar is looking like it will benefit in the future from a higher oil price. The expectation for the...
Brexit and Coronavirus Weigh on GBP as Oil Price Collapse Causes CAD Value to Fall

UK Economic data to impact the Pound vs the Canadian Dollar (Tom Holian)

Sterling has seen some gains against the Canadian Dollar during the last few weeks as UK economic data published recently has shown that August was a strong month for the British economy. Following the vote to leave the European Union over 2 months ago there were big fears that the UK economy would really struggle but this has not been the case. Indeed, some of the data showed the biggest monthly increase on record in some sectors and this helped to strengthen the Pound against all...
GBP to CAD Rate: Sterling Gains Against the Canadian Dollar Ahead of Bank of Canada Statement

When is the best time to buy Canadian dollars?

The pound to Canadian dollar exchange rate had been improving at a rapid pace, improving in 2018 by over 14 cents presenting some of the best rates to buy Canadian dollars since the Referendum. The overall expectations for the pound are to see further improvements as we get further clarification on the Brexit and also interest rates. The Canadian dollar has been strengthening owing to the rising price of oil which has seen the Canadian dollar strengthen owing to oil being one of its major exports. The...
GBP EUR Slumps as British PMI Data Disappoints

GBP/CAD rates set for a fall today

GBP/CAD rates are expected to come under pressure today from the release of manufacturing export data in the Canadian economy. Much of the money normally invested in the oil industry has been diverted into the fledgling manufacturing sector in the Canadian economy. Read inside to see how this could help your GBP/CAD transfer.

Could UK Retail Sales help to increase the Pound vs the Canadian Dollar?

The Canadian Dollar has continued to strengthen during the course of this week against the Pound and it appears to be following the same trend as what is also happening with GBPUSD rates. Oil prices have been on the rise and the highest they have been for a few years and as Canada is such a huge oil exporter this is likely to provide the Canadian Dollar with a lot of strength as it should in theory help to reduce the Trade Balance and increase...
Pound Stronger vs Canadian Dollar this Morning

Pound hits best rate to buy Canadian Dollar since May 2017 (Tom Holian)

The Pound has hit the best rate to buy Canadian Dollars since last May with the Canadian Dollar weakening in part due to the uncertainty surrounding NATFA. The US Dollar has also weakened to its lowest level against the Pound since the Brexit vote back in June 2016 and this has also caused the Canadian Dollar to weaken vs Sterling. The US Treasury Secretary Steven Mnuchin has been suggesting that the US is welcoming a weaker Dollar which is turn is also weakening the CAD vs...
GBP EUR Exchange Rate: Weekly Review December 4th  

What can we expect for GBPCAD rates in January?

The pound has dipped against the Canadian dollar, principally owing to the developments in the price of Oil which has improved lately. The Canadian dollar is known as a commodity currency and it will often react to changes in the price of certain commodities which directly support and influence the Canadian economy. Oil is one of Canada's main exports and a key driver of prices for the Loonie dollar against all the major currencies. The outlook for sterling is actually much more positive following the...