Trump trade optimism sends the Pound to AUD rate lower

Canadian Dollar slips as Trump makes new NAFTA surprise!

The Canadian Dollar has lost value today after a surprise comment from the US' White House chief economic adviser. Larry Kudlow is chief economic adviser to the White House so he has a close relationship with US President Donald Trump. Today Kudlow confirmed that Trump wishes to negotiate separate bilateral deals with Mexico and Canada. The reason for the market reaction is due to this coming as a surprise, and also the change it will bring if it goes ahead. The current plan in place...
Pound to Canadian Dollar outlook New British PM on Wednesday how could this affect GBPCAD rates?

NAFTA deal still far from sewn up

US threatens non-approval on NAFTA deal if there is no firm proposal in place in three weeks. The North American Free Trade Agreement (NAFTA) is currently in the process of being renegotiated. NAFTA is a free trade deal between the Sates, Mexico and Canada. Trump has made very clear he is unhappy with the current deal and has called it "the worst trade deal in history." The results of the new negotiations could have huge ramifications fro the Canadian Dollar, the US is Canada's largest trading partner. If...
Oil prices continue to drive CAD value but will a Brexit breakthrough push GBP/CAD higher?

Canadian Dollar strengthen as oil edges higher, where to next for CAD exchange rates?

The Canadian Dollar has strengthened throughout today's trading session against most major currency pairs. The reasons for its gains can be put down to positive economic data along with strengthening commodity prices, which is important for the Canadian economy. Oil is one of the major exports for Canada, so seeing the price of oil increase and therefore, the Canadian Dollar isn't unusual. The reasons for the boost to oils value can be put down to increased expectations of US sanctions on Iran. There has also...
Pound to Canadian Dollar forecast CAD closing in on a two year high against GBP

Will GBPCAD break 1.80 this week?

The pound to Canadian dollar exchange rate has seen a big twist and turn lately as the market struggles to price into expectations the changes in sentiment towards both the Canadian dollar and the pound. The Canadian dollar has risen as investors feel a stronger and higher price of oil will boost the Canadian economy in the longer-term. The pound has also struggled as investors step back from the high expectations that have been placed into the market relating to interest rates. The general belief...
GBP to CAD forecast: Will the Canadian Dollar continue to strengthen throughout 2019?

When is the best time to buy Canadian dollars?

The pound to Canadian dollar exchange rate had been improving at a rapid pace, improving in 2018 by over 14 cents presenting some of the best rates to buy Canadian dollars since the Referendum. The overall expectations for the pound are to see further improvements as we get further clarification on the Brexit and also interest rates. The Canadian dollar has been strengthening owing to the rising price of oil which has seen the Canadian dollar strengthen owing to oil being one of its major exports. The...
GBP to CAD woes continue Could this month see the pair reach a 2 year low?

GBPCAD hits fresh over 1.80 highs!

GBPCAD exchange rates have risen to over 1.81 as mounting concerns over the pace of future Canadian interest rate rises were dealt a fresh blow yesterday. In recent weeks concerns of Trump's rhetoric on trade had seen the Loonie dollar lose ground. Yesterday Stephez Poloz, Governor of the Bank of Canada gave a speech in which he hinted at a slower pace of future interest rate rises. The Canadian dollar has in the last year been stronger against all currencies as the BoC embarked ona ...
Trade Deficit Falls, but does not match expectations

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...
Pound to Canadian Dollar rate hits 20 month low could further falls be in store for the Pound

Canadian GDP (Growth) figures key for how we see CAD end the week

It has not been a great week for the Canadian Dollar against most majors, seeing a slight dip in value over the course of the week. The Canadian Dollar was actually the worst performing of all the major currencies on Tuesday and it does appear that investors have slight concerns on how growth figures (released tomorrow) are due to come out. Expectations are for month on month figures for December to post a figure of a mere 0.1% growth from 0.4% last time around, which would more...
GBP to CAD forecast: Will the Canadian Dollar continue to strengthen throughout 2019?

GBPCAD at post-Referendum highs!

The pound is looking much stronger against the Canadian dollar as we get closer to understanding what Brexit will mean, markets are being kinder to the pound in the expectation of a softer Brexit which will see less disruption to the UK economy and therefore is less of a concern for sterling holders. GBPCAD rates are also higher on the uncertainty over the pace of future Canadian interest rate hikes, in short the good news for Canadian dollar buyers looks likely to continue. Of course...
GBP to CAD woes continue Could this month see the pair reach a 2 year low?

20 month high to buy Canadian dollars with pounds!

The Canadian dollar has weakened which is presenting some of the best rates to buy the Loonie dollar with pounds since before the Referendum vote back in 2016. Sterling has risen on the back of increased positive sentiments relating to the Brexit which has seen the pound boosted against all currencies across the board. There have been some very important meetings on Brexit taking place between the Government in the UK where a position on Brexit has been formulated and might well be outlined to...