Canadian Outlook Questioned Despite Maintaining Cash Rate as GBP Awaits BoE Decision

GBP/CAD rates rise alongside retail sales figures (Joshua Privett)

Canadian Dollar buying rates have journeyed back above the mid 1.8's following some strong retail sales figures for the UK economy. After two horrendous days for anyone considering buying a foreign currency who had previously been holding Sterling, the markets have begun to show a bit of life for Canadian Dollar buyers after losing 6 cents on buying rates across a few days of trading. The initial reason for the drop was increased support for the Leave camp in the run up to the Referendum. Markets...
Canadian Dollar Hits Near Four-Week Low as GBP Climbs to Reverse BoE Rate Cut Bets

Where Next for GBP/CAD Exchange Rates? (Matthew Vassallo)

GBP/CAD rates have dipped slightly this month with the pair now trading under 1.66, having put pressure on 1.70 only a few weeks ago. One of the reasons we’ve seen the CAD strengthen is the recent rise in oil prices, Canada’s main export and this helped boost their economy and future growth forecasts. In turn this has helped the CAD gain value, due to increased investor confidence. However, due to the CAD being a commodity based currency there is always an additional risk attached, due...
GBPEUR rate remains steady as markets await the Autumn Budget

Election day – will Sterling maintain its 4 cent rise over the past week...

Here we are, on of the most important elections in UK history, and anyone with a Canadian Dollar buying requirement using Sterling (GBP/CAD), or Sterling buying requirement using Canadian Dollars (CAD/GBP) should be watching very closely. The impact for this particular election on the value of the Pound is arguably more significant than others of its kind. The impact is not just on policy for the next four years, but has a heavy bearing on how Brexit negotiations will be handled and what the aims...
Canadian Dollar Hits Near Four-Week Low as GBP Climbs to Reverse BoE Rate Cut Bets

NAFTA Uncertainty causes CAD weakness (Daniel Johnson)

NAFTA wieighs heavily on CAD CAD has struggled against the Pound of late. The uncertainty surrounding the renegotiation of the North American Free Trade Agreement (NAFTA) has weighed down the looney. If there is one thing the currency market does not react well to it is uncertainty. The deal in place with Canada, Mexico and the United States is being renegotiated due to Trump's unhappiness with the current criterion on regulations. He has gone as far as to state it is disastrous and threatened to leave...