Pound to Canadian Dollar exchange rate Volatility expected for GBPCAD rates ahead of Canadian general election

What can we expect next on the Canadian dollar to pounds exchange rate?

Market predictions are firmly focused on the upcoming UK Referendum due on the 23rd June but there are other events around to take stock of. From the Canadian dollar side the price of Oil is a huge factor in determining how the currency will perform. The market will be looking for clues from economic activity as to what they can expect in the future from Oil markets. Essentially an improving price of Oil is good for the Canadian dollar since it indicates that the...
Pound to Canadian Dollar forecast Brexit news continues to dominate movement for the GBPCAD exchange rate

Sterling woes continue against the Canadian Dollar (Tom Holian)

Sterling vs the Canadian Dollar has continued to slide since the announcement made by UK Prime Minister Theresa May that the UK will look at triggering Article 50 by March 2017. The announcement has caused a huge loss of confidence in Sterling and as yet there has been no formal announcement by Theresa May whether we will face a 'hard' or a 'soft' Brexit. The uncertainty surrounding Article 50 and the UK's ability to negotiate its exit from the European Union is having a huge...
Pound to Canadian Dollar Forecast Steady Tone for the Canadian Dollar Ahead of Key Domestic Data Due This Week

CAD Decline Continues (Matthew Vassallo)

GBP/CAD rates have spiked over the past month, with the CAD coming under increasing pressure. The Pound has benefitted from two recent polls, which indicated the Remain camp now has a clear lead ahead of next month’s EU referendum. This is a key date for investors and is likely to shape Sterling exchange over the coming months. If we do stay it is likely to solidify the Pound’s position but if we were to leave then this is likely to knock Sterling’s value in the...
Pound to Canadian Dollar predictions: Factors that will impact Pound to Canadian Dollar exchange rates

GBP/CAD Rates climbing once more – 1.94 Reached briefly this morning

This kind of volatility is frankly surprising. Most analysts were expecting the rates to settle down after the shock announcements dealt with on this website during Friday's trading session. The rates are moving up because of some poor news expected this afternoon about the long-term projections of the American economy, and their trade relationship with Canada. But to move the rates up by almost two cents in a single morning of trading is disproportionate to how important this data release is frankly. Markets on...
Pound to Canadian Dollar rate hits 20 month low could further falls be in store for the Pound

Pound to Canadian Dollar exchange rates slump this morning (Joshua Privett)

Pound to Canadian Dollar exchange rates have slumped this morning with pressure on the Pound and backing for the Loonie stretching the gap between the pair's value, to the detriment of Canadian Dollar buyers. Yesterday speculation on oil prices forced the GBP/CAD pairing back by half a cent during afternoon trading in the UK. Oil prices rose following the publication from the International Energy Agency which found the oil industry was beginning to benefit from increased demand in India and China for their products. Optimistic forecasts...
GBPEUR rate remains steady as markets await the Autumn Budget

Where next for GBPCAD currency exchanges?

If you are looking to purchase pounds with Canadian dollars, we are are close to some of the best rates in the last few weeks for such a transaction. There is an overall belief that the market will continue to favour clients looking to buy the pound because the pound will get weaker. This is without doubt a possibility but with sterling having dropped so much in the last week then I do feel hoping we will see dramatic improvements is a risky strategy....
Pound to Euro rate near 26-week high on low ‘No Deal’ Brexit risk

UK GDP figures come in stronger than expected, GBP/CAD rates spike back up

We are back to where we started on Monday, with GBP/CAD rates holding back up in the high 2.02's following a strong showing by the UK economy in the recent release of GDP figures for the second quarter of 2015. Between April and June initial figures show that the UK economy grew by 0.7%...a surprise as recent figures had shown a contraction last month in certain sectors of the economy, such as retail. Because markets were expecting a poor showing for Sterling, rates journeyed down...

Trump threatens to leave NAFTA (Daniel Johnson)

 NAFTA collapse a possibility There are worries for the Canadian Dollar at present caused by the potential for the North American Free Trade Agreement (NAFTA) to disintegrate. President Trump has stated that there is the possibility the US could drop out of the trade deal if there is not agreement in hard-line proposals on Canada and Mexico. If Trump is serious about the threat and follows through with it this has the potential to severely weaken the Canadian dollar as the US is Canada’s primary trade...
Pound to Canadian Dollar exchange rate Global trade tensions and Brexit to drive GBPCAD rates

Bank of Canada keep rates on hold!

The Bank of Canada kept their interest rate on hold at 0.5% today reflecting the continued slack in the Canadian economy and labour market. This has seen the Canadian dollar a little weaker as we approach the close of play, the pound has also been struggling but the main loser has been the Canadian dollar. GBPCAD rates had been languishing between 1.62-1.63 lately but had hit 1.65 today on the news. What can we expect next for the GBPCAD rate and should I buy...
Positive Lift for Canadian Dollar Following Poloz’ Speech, but Uncertainty Lingers

Loonie strengthens due to NAFTA negotiations

Yesterday morning the Canadian dollar made substantial gains against the US dollar as reports were released that the White House want to put forward a preliminary NAFTA framework on the 13th April at the Peru summit. Any news that President Donald Trump will not be scrapping the NAFTA agreement is good news for clients selling Canadian dollars. For news as it unfolds and how it is impacting your currency pairings feel free to email me on drl@currencies.co.uk to lodge your requirements. In other news Canada are...