GBPEUR rate remains steady as markets await the Autumn Budget

Busy day expected for the Pound to Canadian Dollar rate tomorrow, what data should...

The Canadian Dollar has gained almost 5 cents against the Pound over the past week after the Bank of Canada unexpectedly opted to raise interest rates yesterday and late last week it emerged the economy is growing at a much higher pace than expected. This comes at a time the Pound is under pressure after fears surrounding the Brexit negotiations and proposed 'Brexit Bill' are weighing on the Pound, and to put things into context for those reading this the current Pound to Euro rate...
Positive Lift for Canadian Dollar Following Poloz’ Speech, but Uncertainty Lingers

GBP/CAD rates hold at 1.94 as US GDP figures come in as expected (Joshua...

There were no surprises today, as US economic data came in as expected. They have revised down the amount the US actually shrank during the first quarter of 2015 from -0.7% to -0.2%. While this may not sound like much, half a percent of an economy which produces tens of trillions worth of goods every year is more than enough to turn some heads. We have written a lot recently about about how much the US economy has a knock-on effect on the Canadian economy,...
Pound to Canadian Dollar outlook Will Sterling struggle against the Canadian Dollar?

GBP CAD Higher after Fall in Price of Oil (James Lovick)

The pound has made small gains against the Canadian dollar over the last couple of weeks although it is hitting resistance at these higher levels. GBP CAD has now slipped back from 1.64 for this pair. The recent rise in GBP CAD has been a result of both sterling strength and also Canadian dollar weakness. The pound has been performing better as some of those Brexit concerns have not been ignited despite Article 50 about to be delivered in these next few weeks. At the...
Pound to Euro outlook Election uncertainty and Brexit hold Sterling to a tight trading range

Pound hits 4 month low against the Canadian Dollar (Tom Holian)

The rate to buy Canadian Dollars with Pounds has hit its lowest level since early March as it continues to strengthen owing to the recent interest rate hike in Canada. The Bank of Canada raised the interest rate from 0.5% to 0.75% and with oil prices going in an upwards direction as the Canadian economy is heavily reliant on oil exports this has helped the Canadian Dollar strengthen vs the Pound. Oil prices have hit a 6 week high recently and if this continues I expect...