GBPCAD rates climbing – STEVE EAKINS

The Pound Canadian Dollar exchange has been very changeable of late; this being driven by the changes in Oil, forecasts for the growth in their largest trading partner, the US, UK economic worries and changing polls on the result of the referendum in the UK within the next 2 months. More recently within the last 7 days we have seen rates generally improve. The largest driver of the drivers above has been Barack Obama and his commentary on the future trade agreements that could...
GBP/CAD Exchange Rate Dipped as the Market Prepared for Election, Tory Win Means GBP Has Cashed Back In

Will GBPCAD reach 1.70?

The pound has risen to fantastic fresh highs against the Canadian dollar which is an excellent opportunity for any clients looking to buy Canadian dollars with pounds. If you are looking to make any kind of currency transfer in the future buying Canadian dollars these levels may not last for too long and making the most of them could be very worthwhile. Expectations on the rates for the future are mixed but overall I would expect the pound to lose further ground against most...
GBPEUR rate remains steady as markets await the Autumn Budget

GBP/CAD – Political uncertainty plagues the Pound (Daniel Johnson)

UK politics dictating GBP/CAD The snap election was deemed to be a smart move by Theresa May, unfortunately her cunning ruse did not go to plan. With the opposition so weak it seemed as though the election would be a foregone conclusion. However, with May attacking her core voters by stating those of a specific age would have to pay for their own care we saw many switch their allegiance. This was also combined with a very successful Labor campaign, particularly through social media. With the...
GBP/CAD Exchange Rate Dipped as the Market Prepared for Election, Tory Win Means GBP Has Cashed Back In

GBP/CAD falls below 2.01!

The rally for the Canadian Dollar has continued unabated following strong GDP figures released yesterday morning. As a result, GBP/CAD is now at its lowest levels since we first journeyed above the 2.0 mark in July. We have come close to this territory before, with GBP/CAD rebounding just as 2.01 was hit. Currency markets are fickle. Arbitrary boundaries are created around whole numbers such as 2.01 or 2.00 which are hard to break through called 'resistance levels'. Currency traders at large banking institutions set in 'limit orders'...
Pound to Canadian Dollar exchange rate Global trade tensions and Brexit to drive GBPCAD rates

Canadian Dollar enjoys heavy strength following monetary policy statement (Joshua Privett)

Yesterday the Canadian Dollar was the focal point of a stir in the currency markets, with GBP/CAD collapsing instantaneously before correcting back upwards following news of lowered growth forecasts for the Canadian economy. In a mixed day for the loonie, its value initially surged following a further rally on oil prices suggestive of some stability returning to the sector. Before correcting backwards with the monetary policy statement from the Bank of Canada suggestive of a tentative outlook in the near future. Oil prices have begun to rally...
Pound to Euro outlook Election uncertainty and Brexit hold Sterling to a tight trading range

What will effect the Canadian Dollar short term? (Daniel Johnson)

How will the US rate hike effect the Canadian Dollar? The US dollar actually weakened following the rate hike as Fed chair-lady, Janet Yellen had a very cautious tone when addressing the possibility of further rate hikes. Despite the possibility of a further two rates hikes this year, Yellen indicated there would have to be continued improvement in the US economy in order to justify a further hike and also have the firm belief it would not be detrimental to growth. A rise in oil...

Will GBPCAD rates continue to rise?

Sterling to Canadian dollar exchange rates have risen today as the market for buying Canadian dollars finally improves with sentiments finally favouring the pound after a very tricky year. The UK is currently in a strong position to capitalise on the recent news but there does remain some very large risks to the current outcome including the UK General Election. The Canadian dollar is looking like it could weaken further as Trump's trade plans begin to unwind and we find that the market no...
GBPEUR rate remains steady as markets await the Autumn Budget

Will Trade War’s threaten the Loonie dollar?

GBPCAD rates soared yesterday on Canadian dollar weakness as rhetoric over Trump's proposed import tariffs increased. The initial fears subsided but the rate did rise over 1.80 yesterday as markets were concerned over the potential for the tariffs or any Trade War to threaten the Canadian economy. As a key trade partner for of the United States, Canada would be front of the queue to suffer negative consequences from any Trade War. If you have a transfer buying or selling the pound or Canadian dollar...
GBP/CAD Exchange Rate Holds Steady as Investors Wait for US Fed Rate Decision and UK Election Outcome

GBP/CAD Rates holding steady

Positive data released this morning for the UK industrial complex pushed GBP/CAD rates back into the 2.02's and verging on 2.03. UK construction and industrial sectors been one of the worst performers recently for the UK economy, which is why the first suggestion that this may be changing has caused Sterling strength. However, this was short-lived. Strong Durable Goods orders in the US have bolstered confidence in the US economy and by association the Canadian Dollar . Durable Goods are items which take a long...
Pound to Canadian Dollar predictions: Factors that will impact Pound to Canadian Dollar exchange rates

Canadian Dollar drops in line with oil weakness, will GBP/CAD continue to climb? (Joseph...

The Pound to Canadian Dollar rate breached the 1.70 mark once again this morning, after previously hitting that level back on the first day on this month. Mid-market levels of 1.70 are the highest since June of last year, meaning that those converting their Pounds into Canadian Dollars are able to do so at some of the best levels in almost 18-months. The reason behind this can be put down to both Sterling strength as well as CAD weakness, as talks of the 23-year old NAFTA...