How Is COVID-19 Effecting GBP to CAD Exchange Rate?

Bank of Canada members to set the scene for the Canadian Dollar as the...

Following on from a fairly flat day for Canadian Dollar exchange rates we have a few points of note for you to keep an eye out for if you have Canadian Dollars to exchange in the near future. Two members of the Bank of Canada are speaking today, Governor Poloz is speaking shortly and later on in the trading day we also have BOC Deputy Lane speaking later in the afternoon. Poloz is not expected to raise any large movements, as he speaks at the unveiling of...
Oil Prices and Brexit Casuing Volatility for Pound to Canadian Dollar Exchange Rates

Will CAD continue to weaken?

Today the Canadian Dollar will be put under further scrutiny, as data released concerning its import and export sector will shed light on its current economic state. The CAD has come under further pressure in recent days due to the announcement of a global increase in oil production, which further lowered current and future prices for oil. With CAD being a commodity currency, it's value is closely linked to commodity currencies. However, today may see some Canadian Dollar strength when the data is released at 12:30...
Pound to Canadian Dollar Outlook: BoC Interest Rate Cut Bets Soar as Oil Prices Sink CAD

Canadian Dollar Continues with Good Strength (Ben Fletcher)

The CAD continues to trade at a year high against Sterling finishing the day around the 1.84 mark. The current weakness in Sterling is mainly stemming from low GDP for the first quarter along with the general uncertainty surrounding the Brexit. It almost seems to have got to the point that the more negative reports the Remain campaign produces the more strength the Leave campaign gains, which in turn weakens the currency. The price of Oil is becoming the CAD’s main friend with the steady...
Pound to Canadian Dollar Outlook: BoC Interest Rate Cut Bets Soar as Oil Prices Sink CAD

EUR/CAD rates highest in 2015

EUR/CAD rates have risen to the highest rates in 2015. Euro strength following positive Greek talks have been coupled with stronger data emerging from a Eurozone apparently in recovery. Today surprisingly poor housing data came out concerning the Canadian economy when this has been one of the better performers as of late. Read inside for the knock-on affects for EUR/CAD rates in the future, as well as CAD's other pairings.
Pound to Canadian Dollar Outlook: BoC Interest Rate Cut Bets Soar as Oil Prices Sink CAD

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...

Canadian Dollar value dips slightly after Budget (Joshua Privett)

The value of the Canadian Dollar has seen marginal losses following the release of Justin Trudeau's first budget as Prime Minister. He announced an increase in the deficit to more than $29bn this year, with no forecast of a surplus before the next election. Sweeping social reforms to tax, child benefits and pensions come alongisde a revision downwards in growth in the economy to 0.4% per year. This essentially presents a mixed bag which is why there was actually little net change in the value of the Canadian Dollar today. In this...
GBPCAD Rates: Lack of Faith in the Pound Highlighted by Oil Crisis?

Canadian Gross Domestic Product Tomorrow (Ben Fletcher)

The Canadian Dollar of late has been one of the strongest currencies, especially due to interest hike in the last few weeks. The GBP/CAD has remained in the low 1.60's for a week now and the question is will this continue? In my opinion there isn't to much chance with the status quo that the rate will fall below 1.60, however if there was to be further interest hikes from the Reserve Bank of Canada then that could change. The most important factor for Canadian...
Pound to Canadian Dollar Drifts Lower as Global Sentiment Improves

GBPCAD rates break 1.70 – where next?

I wrote earlier this week about GBPCAD breaking 1.70 and so it has passed. The pound remains under pressure and the Canadian economy will continue to be supported by their main trading partner the US. The Loonie and the Canadian economy have had a rough period with the economy there flagging under the pressure of the Alberta Oil Sands fires plus the knock on impact of this event on their economy. Expectations for the future are that the price of Oil could weaken further...
Pound Stronger vs Canadian Dollar this Morning

Canadian Dollar gains back ground as stock market volatility cools – Inflation next week...

Canadian Dollar exchange rates have gained ground a little over the past few trading days as U.S stock market volatility has cooled a little over the course of the week. We did see another drop during the opening bell in trading yesterday, however there was a fight back and the losses were made up by the end of the trading day. With the USD being so volatile at present it is fairly hard to predict just where CAD exchange rates will head next, as there are...
The pound to euro exchange rate was flat in early Tuesday trading after the pair erased an early week dip.

GBP/CAD rates in current stalemate (Joshua Privett)

Buying rates for the Canadian Dollar have been one of the more interesting pairings for Sterling in recent weeks due to the dual turnaround in oil prices alongside the change in the current climate surrounding the EU Referendum. The most recent visit by Barack Obama has been the talk of the town. Gentle suggestions were quickly replaced by near economic blackmail to encourage the British population to vote to remain in the EU. The result has been increased market confidence that the UK will be remaining within...