Will Pound to Euro Rates Gain in September?

Brexit still key factor in GBP/CAD buoyancy levels (Daniel Johnson)

Brexit Update Theresa May has warned the House of Lords that if Parliament have the opportunity to have the final say on Brexit it could be detrimental to the deal struck. If parliament are given the right to vote it would give EU negotiators further strength. Many peers at The House of Lords are expected to move against May's wishes and demand that parliament will get to vote on the final bill. May's spokesman has stated "If we are in a position where any deal negotiated by...
Will Pound to Euro Rates Gain in September?

GBP to CAD rate trading around its best levels in almost 3 months, will...

The Pound appears to be recovering from its 2017 lows that it hit in August as the GBP/CAD pair are now trading firmly in the 1.60's. Brexit uncertainties seem to have been shelved for now by the financial markets as Sterling is also recovering against many major currency pairs with the Pound to Euro rate hitting an 10-week high this week which seems to have boosted sentiment surrounding the Pound. On Friday this week there will be the release of UK GDP figures for both the...
Pound to Euro Outlook: GBPEUR Rates Reach 4-Week Interbank Highs

GBP/CAD exchange rates

GBP/CAD exchange rates are set to be the focus for markets today with a host of UK economic data to be released with the potential to cause serious volatility in Sterling's value. Furthermore, Governor Poloz of the Bank of Canada will be speaking this afternoon - his recent mention of negative interest rates mean that markets will listening intently to his intentions for the economy now that crude oil prices have hit an 11 year low. Today UK inflation data will likely cause the fifth consecutive...
Will Pound to Euro Rates Gain in September?

Buying Canadian Dollar rates suddenly appealing following US election (Joshua Privett)

Buying Canadian Dollar rates saw a roller-coaster on the currency markets yesterday following the announcement of Donald Trump as the 45th President of the United States. The relationship and confidence in the US Dollar has significant ripple effects throughout the currency markets, particularly on commodity based currencies such as the Canadian Dollar. A lack of confidence in the currency which underpins most of the world's global debt and is attached to the world's largest economy normally translates into associated weakness in the Canadian Dollar. As a commodity...
Gbp to Cad Exchange Rate Hits a 1-Month High as Risk Appetite Returns to Global Markets

Buying Canadian Dollar rates see roller-coaster yesterday (Joshua Privett)

The Pound was jumped up and down yesterday severely against all major currencies, particularly on buying Canadian Dollar exchange rates. Volumes of news was being released at the time from this side of the channel, and this was exaggerated as well by the ripple effects from the OPEC meeting earlier this week. The Pound bounded upwards rapidly yesterday morning following the softening tone of the men spearheading the Brexit negotiations in regards to some key features pertinent to financial markets. Firstly , Boris Johnson, the Foreign Secretary,...
Pound to Canadian Dollar Outlook: BoC Interest Rate Cut Bets Soar as Oil Prices Sink CAD

Will GBP/CAD Hit 1.90 Ahead of EU Referendum? (Matthew Vassallo)

GBP/CAD rates hit 1.8743 at today’s high, before slipping under 1.87 by close of European trading. The pair have remained fairly static this week, despite gains for Sterling against most of the other major currencies. It seems as though the markets are undecided which way to go, ahead of next month’s EU referendum and with mixed data coming from both economies, we may find the pair range bound between 1.85-1.90 over the coming weeks. Those clients holding Sterling will be concerned about the damage a...
Will Pound to Euro Rates Gain in September?

OPEC Deal causes Oil prices to soar (Daniel Johnson)

Oil reaches an 18 month High The Canadian Dollar is heavily influenced by oil prices due to Canada's significant reliance on oil as an export. Oil prices reached an 18 month high today. This is due to a deal between OPEC and other large exporters of oil to cut production coming into action on New Years Day. The oversupply of oil over the last few years has caused a catastrophic drop in oil price. The Canadian Dollar will no doubt benefit from the deal. If you...
Will Pound to Euro Rates Gain in September?

Markets Poised for Theresa May’s Brexit Speech! (Matthew Vassallo)

GBP/CAD rates are now trading under 1.59, with the Pound finding little market support over recent weeks. Sterling has slipped alarmingly in line with the on-going uncertainty surrounding the UK’s Brexit and with UK Prime Minister Theresa May scheduled to outline further plans in her speech today, we could see further pressure heaped on the Pound. Despite May trying to alleviate some concerns following comments she made last week regarding a hard-line Brexit stance, the markets are still factoring in the likelihood that the UK will...
Pound to Canadian Dollar Drifts Lower as Global Sentiment Improves

Positive GDP figures defy market predictions (Joshua Privett)

Once more we are back in the 1.90's after strong UK Gross Domestic Product figures were released stating that the economy had grown 0.6% in the first quarter of 2015, much higher than the expected 0.4%. Markets were shocked, as the economic uncertainty of a general election, and record low inflation figures and trade deficits, all pointed towards low, or even lower than expected GDP figures. The turnaround shocked markets, and even though it was only 0.2% higher, because GDP is a measure of the overall strength...
Pound to Euro Consolidates Above 1.12 Despite Increased Fear of No Deal Brexit

Canadian Dollar due for more strength? Are we about to see a breakthrough? (Daniel...

Oil prices have been particularly volatile of late and this has been impacting the price of the Canadian Dollar. Many analysts are now expecting to see the Canadian Dollar have a good run of form. For the first time in three years the Canadian Dollar is trading higher than it was a year earlier which suggests to me that confidence may be rising. I feel that we may be starting to see oil and the loonie turning a corner and although we do have a...