Pound to Canadian Dollar outlook Will Sterling struggle against the Canadian Dollar?

GBP/CAD Rates Fall – A Historic Day for the UK Beckons (Matthew Vassallo)

GBP/CAD rates have fallen over the past 24 hours, with the pair now trading below 1.66 again. This move came following a positive run for Sterling, which had made a move towards 1.68 before retracting. The markets focus has been on the UK Brexit for some time and today, finally, the UK will officially trigger Article 50 of the Lisbon treaty, which will officially start the UK’s separation for the EU. Personally, I feel that most of the negative connotations surrounding this have been factored into...
Brexit and Coronavirus Weigh on GBP as Oil Price Collapse Causes CAD Value to Fall

Will this morning’s Inflation data push the Pound to Canadian Dollar lower? (Joseph Wright)

The Pound has lost some of the recent gains its seen against the commodity currencies recently, as the price of oil is recovering while the UK is facing some issues of it's own. The rate of inflation is the UK has begun to outstrip the rate of wage growth, and with a general election next month the Bank of England has ruled out an interest rate hike in the short term to contain the rising levels. This has had quite a knock-on effect to the Pounds...
GBP to CAD Rate: Sterling Gains Against the Canadian Dollar Ahead of Bank of Canada Statement

Brexit Negotiations Could Halt Sterling’s Rise (Matthew Vassallo)

Sterling has made gains against the CAD over the past few weeks, with the pair now trading above 1.77. The Pound has enjoyed a positive run off the back of a run of solid economic data and global concerns around falling oil process. The price of crude oil has fallen to a five-month low, which is likely to have a negative effect on Canada’s export driven economy. With Oil being their main export any downturn has an instant negative effect on their economy and the CAD...
Pound Sterling Forecast – Could the Pound Fall Lower Still?

CAD continues to go from strength to strength (Joseph Wright)

The Canadian Dollar has continued to climb in line with the improving oil price, as Sterling finds itself in the unenviable position of August's biggest loser of the major currency pairs. The Canadian Dollar is closely correlated to the value of oil as it's the country's biggest export, so with oil recently hitting a one month high it's no surprise to see the Loonie posting gains, and I think it's worth noting that CAD has gained on the USD for around 6 consecutive trading sessions...
Canadian Dollar Suffers Seven-Week Low Following the Spread of the Coronavirus

Canadian Dollar suffers despite rate hike (Daniel Johnson)

NAFTA is a cause for concern for CAD The Bank of Canada (BOC) decided raise rates last week after positive economic data, particularly unemployment, which plunged to the lowest levels in forty years. Common belief would be to assume a rate hike means a stronger currency, this is not always the case. The market moves on rumour as well as fact and the rate hike was anticipated following the release of the unemployment data so the hike was already factored into the exchange. There is also...
How Is COVID-19 Effecting GBP to CAD Exchange Rate?

Will GBPCAD slip below 1.60?

The pound to Canadian dollar rate has slipped from the recent highs of 1.66 in January as investors fears over the price of Oil and other economic worries. President Donald Trump is also a factor on the exchange rate which is affecting the GBPCAD exchange rate. To what extent is the pound likely to recover against the Canadian dollar and is there more chance of it actually collapsing again and GBPCAD falling below 1.60? Markets have been closely monitoring the Brexit situation for attitudes towards...
Brexit and Coronavirus Weigh on GBP as Oil Price Collapse Causes CAD Value to Fall

GBP/CAD Forecast – CAD Finds Support Following Sterling Spike (Matthew Vassallo)

GBP/CAD rates have fallen during Tuesday’s trading, as the CAD found some support around 1.70. The CAD hit a high of 1.6873, giving it some much needed respite following the recent loses against Sterling. Sterling’s performance against the CAD has not been mirrored against most of the other major currencies and therefore the recent spike is somewhat surprising. Considering how much pressure the UK economy has been under of late, this improvement has been taken advantage of by many of our clients with a short-term GBP/CAD currency...
GBP to CAD Rate: Sterling Gains Against the Canadian Dollar Ahead of Bank of Canada Statement

NAFTA Breakdown threatens the Canadian Dollar? (Daniel Johnson)

NAFTA Negotiations are set to be problematic. The North American Free Trade agreement is key to the health of the Canadian economy. The agreement between the US, Canada and Mexico is under threat as US President , Donald Trump feels the deal is nowhere near as beneficial as it should be to the US. Canada is heavily reliant on the US purchasing it’s exports, if the deal is changed or indeed axed this could have a significant impact on the Canadian economy and in turn the...
Pound to Canadian Dollar Rate Remains Towards the Top of Its Range Despite Fears of Brexit Negotiation Delay

GBP/CAD rates hold steady in the low 1.96’s

It seems markets are still digesting the mammoth swings which occurred yesterday for the Canadian Dollar. It seems Canada started the second quarter much like it started the first quarter of 2015, in recession. The first quarter saw an annualized rate of recession at -0.6%, and now we have begun the second seeing an initial contraction of -0.1%. Recession is defined by two successive quarters in a row of economic contraction, and Canada is now only a few months away from being in this category. Policymakers...
Oil Prices and Brexit Casuing Volatility for Pound to Canadian Dollar Exchange Rates

GBP/CAD Rates almost hit 1.94! (Joshua Privett)

Yesterday was an extraordinary day for Sterling. Most analysts were expecting the FED interest rate decision to govern Canadian Dollar rates. As the US is Canada's largest trading partner, any important economic information released from there has an indirect effect on Canadian Dollar value. But rather than poor US data weakening the CAD, it was strong UK data which increased the value of the Pound across the board against all major currencies. The dark horse data release that no analysts had even hinted at, was...