Pound Stronger vs Canadian Dollar this Morning

Pound to Canadian Dollar rate holds firm above 1.65, what data could impact the...

The Pound has had quite a positive day during today's trading session, after some better than expected economic data was released this morning. After a disappointing day yesterday when it was revealed that the construction sector shrunk for the first time in a year, the mood changed this morning as the services sector data came out better than expected. The services sector is very important in the UK and data surrounding it tends to have a big impact on Sterling exchange rates as the sector covers...
How Is COVID-19 Effecting GBP to CAD Exchange Rate?

GBP/CAD Can we expect further volatility? (Daniel Johnson)

Pound Forecast The most important data announcement of the week will be on tomorrow at 0.930am. We will see the release of inflation data for the UK an due to Brexit this could be very influential on the currency market due to what looks like the necessity for a hard brexit. There has already been wide spread media coverage of the Unilever - Tesco situation. Where Unilever were going to up there prices on house hold goods and Tesco removed some items from their shelves,....
Pound to Euro Still Unable to See Post-Brexit Gains

Canadian dollar boosted – Canada dodges Trump’s metal tariff

The Canadian Dollar has gained in value over the past few days against most major currency pairs, after some positive news for both Canada and Mexico has been announced regarding the impending US metals tariffs. US President, Donald Trump recently threatened to impose tariffs on metals imported into the US from all countries. His plans consist of a 25% tariff on steel imports and a 10% tariff on aluminium imports which would be very bad news for Canada which is why the currency lost value...
Pound to Euro Reaches 2-Month High

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...

CAD rates finally stable

CAD rates are currently stable following the recent increase in oil prices documented in previous posts on this websites. While the Canadian Dollar has been stable on GBP/CAD, gains are still visible against the Euro and USD. The reason the slide in favour of CAD has halted on Sterling rates is due to positive data from the UK released this morning about a positive turnaround in their manufacturing sector. The first signs of positive tones in the oil market are now available after more than half a...
Pound to Euro Reaches 2-Month High

GBP/CAD exchange rates falling further (Joshua Privett)

To end the week the Canadian Dollar has been the currency which has seen the largest gains against the Pound today. GBP/CAD has collapsed due to absolutely staggering employment figures in Canada. In the month of March alone more than 40,000 jobs were added to the economy, when only circa 10,000 were expected, causing the unemployment rate to fall down to 7.1%. Markets move on expectations. Slight gains had already been priced into the value of Canadian Dollar buying rates to work alongside the slight gains...
Canadian Dollar Suffers Seven-Week Low Following the Spread of the Coronavirus

Canadian Exchange Rates ahead of Canadian Retail Sales

The Canadian dollar has come under considerable pressure of late which has presented those clients looking to buy Canadian dollars with some much better opportunities to purchase. Canadian dollar exchange rates have fallen largely as a result of the breakdown in the North American Free Trade Agreement (NAFTA) which is creating additional uncertainty for the Canadian economy. US President Donald Trump has Rates of exchange for GBP CAD are at the highest levels seen since last May with levels sitting above 1.75 for this...
Pound Stronger vs Canadian Dollar this Morning

GBP/CAD Rates Rockets off Remain Lead

Canadian dollar has lost major ground against Sterling off the back of the news that the Remain campaign has entered into the lead. The financial markets have been pricing in the Remain victory and Sterling has managed major gains against most major currencies. The price of oil has also been on the rise which you would of though may have been able to provide some CAD confidence however Brexit has stolen headlines. Last week oil dropped back below $50 a barrel, but has since the...
GBPCAD Rates: Lack of Faith in the Pound Highlighted by Oil Crisis?

NAFTA negotiations to take centre stage

On the 23rd January, the NAFTA negotiations will resume which could be problematic for Canada and consequently have a negative impact on Canadian dollar exchange rates. NAFTA, which is the North American Free Trade agreement, is an agreement between the US, Canada and Mexico and it allows all three countries to trade with one another for free. Since Donald Trump's appointment he has made it clear that the NAFTA trade deal is the worse trade deal in history and he plans to make change as soon...
Pound to Euro Reaches 2-Month High

GBP/CAD – Volatile Day

Yesterday ended up largely as a non-event for the value of the CAD. No significant change was seen in the value of the import and export sector, showing that they are weathering the storm of low oil prices well, but not enough to bolster Canadian Dollar value. GBP/CAD rates were on the verge of hitting 2.06 this morning, with 'Super Thursday' today in the British Market expected to cause significant volatility for all GBP pairings. Super Thursday refers to the interest rate decision in the UK....