GBPEUR rate remains steady as markets await the Autumn Budget

GBPCAD Rates shift on the Bank of Canada news!!

GBPCAD exchange rates have had a very volatile afternoon as we see the Bank of Canada announce the possibility of further moves in the future. The Oil price has also been a big factor on exchange rates as we see the market changes and investors seek to capitalise. The market expectations is for the CAD rates to fall further as sterling weakens on the Brexit uncertainty. If you need to buy Canadian dollars then making some plans in advance is the best way forward, tomorrow...
GBPEUR rate remains steady as markets await the Autumn Budget

CAD weakens further against all major currencies (Daniel Wright)

GBP/CAD rates got as high as 1.965 today as everything worked in the Canadian Dollar buyers' favour to stretch rates just that little bit further, and fresh 7 year highs have been reached! Canada's economy contracted in May by -0.1%, only a small amount away from the expected 0.1% growth, but an economy flirting with recession understandably does not attract much confidence. It seems that the poor trade figures released earlier in the month were right to indicate a slow-down in the economy. Whilst Canada...
Pound to Canadian Dollar rate hits 20 month low could further falls be in store for the Pound

Could further Interest Rates be on the cards from the Bank of Canada? (Daniel...

Is CAD destined for further gains against Sterling? The Canadian Dollar has strengthened significantly against the pound following the recent interest hike from 0.5% to 0.75%.  We have recently seen a rise in Consumer Price Index (CPI) data. CPI measures changes in the price level of a basket of goods and services purchased by households, it is a key measure of inflation. This was one of the catalysts for the Canadian dollar strengthening over Sterling now GBP/CAD sits in the 1.60s. The best levels for Canadian...
GBPEUR rate remains steady as markets await the Autumn Budget

Mark Carney helps the Pound make gains vs the Canadian Dollar (Tom Holian)

Bank of England governor Mark Carney has hinted this afternoon that the central bank may be looking at interest rates a lot closer this year than they have been recently. The Pound has made gains vs the Canadian Dollar following the announcement whereby Carney said 'some removal of monetary stimulus is likely to become necessary.' Last week Carney has suggested that to raise UK interest rates at the moment would be too early and owing to the turn around this afternoon this has seen the...

Can Sterling Recover Against The Canadian Dollar? (Ben Fletcher)

The start of this week has been fairly difficult for people looking to purchase Canadian Dollars as the rate dropped over 2 cents. However there does appear to be some light at the end of the tunnel, with the last two days bringing gains to the GBP/CAD. Sterling in my opinion could start to have a change of events with upwards movements on the horizon due to the UK Brexit Papers being released. If the 12 documents that are set to be released by...
GBPEUR rate remains steady as markets await the Autumn Budget

Theresa May calls for an election and Sterling soars in value. (Daniel Johnson)

Snap election benefits the Pound Theresa May announced on Tuesday she would be calling a general election 8th June. Historically, a snap general election would cause the currency in question to weaken, but on this occasion the opposite has occurred. The Conservatives are currently significantly in front in the polls and are solid favourites to win the election. It was a shrewd move by the PM, almost guaranteeing another term in office by timing the election when the competition is so weak. A conservative government is...
Pound to Canadian dollar predictions: What to expect this month

Canadian Dollar weakens vs the Pound owing to US Tariffs (Tom Holian)

The Canadian Dollar has struggled vs the Pound after a decision made by US President Donald Trump that he will be looking to increase tariffs on softwood lumber coming in from north of the border. Further to this the US and Canada are at loggerheads over a proposed new Canadian milk policy which means that Canada may look to cease importing milk from Wisconsin. Trump responded in a tweet saying 'Canada has made business for our dairy farmers in Wisconsin and other border states very difficult....
Pound to Canadian Dollar Forecast Steady Tone for the Canadian Dollar Ahead of Key Domestic Data Due This Week

GBP-CAD Rates holding steady as morning trading begins (Joshua Privett)

A quiet end to the week for data releases has seen CAD exchange rates hold steady as trading begins this morning, suggesting a stable day for rates on the cards. But the long-term stability of the Canadian economy was called into question overnight on two fronts. As the post below notes, the head of the Bank of Canada talked about a potential housing crisis. While the threat is low, bothering to mention one at all was enough for some investors to leave the CAD and cause...
GBPEUR rate remains steady as markets await the Autumn Budget

Sterling Makes Gains Against CAD – Markets Brace Themselves for Article 50

Sterling has made gains against the CAD during the early part of the trading week, with the pair moving through 1.67 at the high. The Pound has performed well against most of the major currencies this week but the gains made against the Loonie were more pronounced due to the steep drop in oil prices recently. Crude oil is Canada’s main export, so any slowdown in this sector generally coincides with a drop in the CAD’s value and as such the Pound could make a...
GBPEUR rate remains steady as markets await the Autumn Budget

GBP CAD Falls after Mark Carney Comments (James Lovick)

The pound remains at 3 year lows against the Canadian dollar having dropped considerably in the last month. The pound suffered a sharp fall against the dollar yesterday before the Bank of England Governor Mark Carney faced a committee at the House of Lords. The Governor answered questions on monetary policy post Brexit as he has been publicly criticised on his actions and comments that he has made surrounding Brexit. More strikingly he also hinted he may not serve another term at the Bank...