Pound to Canadian Dollar rate falls to its lowest level in 2 months, will...

The panic and uncertainty surrounding the UK at the moment is continuing to weigh on the Pounds value, with the Pound to Canadian Dollar exchange rate hitting its lowest level in 2-months since the election outcome. Political uncertainty is one of the biggest downside risks to a currencies value, and since the election outcome was announced as a Hung Parliament last week the Pound fell by it's biggest margin 1-day margin since the Brexit vote last June. The uncertainty is continuing as the Conservatives are currently...
GBPEUR rate remains steady as markets await the Autumn Budget

GBP CAD Rallies on Theresa May Speech in House of Commons

GBP CAD has seen a good boost to start the week with gains of almost 1% for the pound against the Canadian dollar. Last week was on the whole negative for sterling exchange rates as the uncertainty over Brexit continues to be the single biggest driver for the UK and hence the pound. Today’s rally appears to be on the back of an expected statement from UK Prime Minister Theresa May to the House of Commons this afternoon where it is understood she will give...
GBPEUR rate remains steady as markets await the Autumn Budget

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...
GBPEUR rate remains steady as markets await the Autumn Budget

Potential for further falls for CAD? (Daniel Johnson)

Trump threatens to dismantle NAFTA agreement Donald Trump has stated he feels the North American Trade Agreement (NAFTA) is nowhere near as beneficial to the US as it should. Renegotiations began on 16th August and hopes were to have them concluded by the end of the year. It now looks as though talks could continue to Spring. The consequences of the trade deal should not be underestimated. NAFTA is the worlds largest free trade deal and Mexico and Canada's GDP could take a serious hit...
Pound to Euro forecast Sterling slides against major currencies as Brexit negotiations stall

GBP-CAD rates back to 1.95 as Sterling loses value (Joshua Privett)

Those who were hoping that GBP-CAD rates were journeying towards 2.0 received a bit of a shock today, as rates dropped 2 cents in a single day of trading. There has been a huge volume of capital pumped into Sterling as many investors holding Euros panicked about a potential Grexit. Sterling is considered a safe-haven currency, so the continued buying of GBP artificially inflated the value of the Pound - causing gains against most major currencies. Now the opposite is happening. With positive moves in the...
Pound to Canadian Dollar rate hits 20 month low could further falls be in store for the Pound

US interest rate strengthens the Canadian dollar

Overnight the US Federal Reserve as widely expected raised interest rates which provided strength for the Canadian dollar as investors feel that a higher interest rate in the US will help the Canadian economy. The Federal Reserve interest rates is now one of the highest out of the G10 currencies and the press conference after hinted that gradual interest rate hikes throughout 2018 are likely. The Canadian dollar straightened overnight however the pound has been making inroads against the Canadian dollar this morning. Today UK...
GBPEUR rate remains steady as markets await the Autumn Budget

Will uncertainty surrounding the UK government push the Pound lower? (Joseph Wright)

The Pound to Canadian Dollar rate, despite trading within quite a wide range over the past year is actually flat on an annualised basis, after the Pound has lost quite a lot of value in recent weeks due to mounting pressure on the UK's Prime Minister. There are apparently dozens of Conservative MP's that are prepared to sign a vote of no-confidence against the current PM which is putting pressure on the Pounds value, and recently it's fallen against the majority of major currency pairs. At...
GBP/CAD Exchange Rate Holds Steady as Investors Wait for US Fed Rate Decision and UK Election Outcome

CAD – Calm before the storm

CAD rates have been relatively stable today ahead of what is expected to be a volatile week and month as we near the interest rate decision in the US on Thursday and Canada's election on the horizon. The first major event to affect CAD rates will be the interest rate decision for the US. It's too close to call. Recent data emerging from the US economy paints a strong picture. Unemployment at 5.1% certainly tops the list, but this is also occuring in a period...
Pound Sterling Softens Against the Canadian Dollar, but a Week of Economic Data Releases Will Test Both

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....
Pound Sterling Softens Against the Canadian Dollar, but a Week of Economic Data Releases Will Test Both

GBP Under Further Pressure Following Brexit Concerns (Matthew Vassallo)

GBP/CAD rates continue to tumble, as the fallout from the recent Brexit continues. The Pound is coming under increasing pressure, as investors try to digest the result and weigh up the damage its already done to the UK economy. It is clear that the markets have viewed this as the wrong decision and Sterling’s value has decreased significantly as a result. This means that everyone’s Pound is now worth significantly less than it was a couple of weeks ago. GBP/CAD rates have fallen below...