GBPCAD Exchange Rate on the Rise with Brexit Party Ruling Out Tory Seat Contention
The GBPCAD interbank exchange rate has been volatile of late, mainly due to the uncertainties surrounding Brexit. Recent revelations from the Brexit Party have given the GBPCAD exchange rate a lift as they announced they will not be contesting for Conservative seats in the upcoming election
Brexit party announces Leave alliance
With Nigel Farage, the leader of the Brexit Party announcing that the party will not battle for the 317 Conservative seats which were won in 2017, the Conservatives will be puffing a huge sigh of...
Pound to Canadian Dollar forecast: 3 political events to know about before swapping Canadian...
You may consider yourself a savvy buyer, especially in the currency purchasing market. But there can sometimes be unseen news or recent events which may alter the going rate of your chosen currency.
The Canadian dollar shares a relationship with the British pound amongst many other currencies. This relationship is altered based on many factors, some in which may determine a great time for you to buy Sterling or show signs that it may be right to hold off a little before departing with your...
What Brexit means for the CAD to GBP forecast
Being the 7th most traded currency in the world, The Canadian dollar (CAD) is in contention for many traders and buyers alike. Many currencies interact with each other and the pairing between the GBP and CAD is no different. With Brexit talks firmly ongoing, the effect it has had on the CAD/GBP pairing is substantial. Analysts and buyers are keeping a close eye on the events of Brexit and what it may mean for the GBP and currencies that overlap with it.
Brexit’s unpredictable volatility
There...
Pound to Canadian Dollar outlook: Will GBP/CAD rise or fall on the UK election?
Sterling supported by Brexit extension
The pound to Canadian dollar exchange rate has been rising and falling along with the sentiments on Brexit, notably the prospect of a no-deal exit for the UK. This element had been majorly holding back the pound in recent weeks, as investors feared that the UK might be leaving the EU on Halloween with no-deal.
More recently, sterling has been rising as investors become more confident over the extension which has now been agreed. We are also awaiting further details regarding...
GBP to CAD forecast: Will the Bank of Canada keep interest rates on hold?
Bank of Canada expected to keep interest rates on hold
The Bank of Canada continues to buck the trend in the face of global interest rate cuts and are widely expected to keep interest rates steady at 1.75pc late this afternoon. The Canadian economy continues to be buoyed by a robust domestic employment market and investor optimism that a long-awaited trade deal may be forthcoming between the US and China in the coming weeks.
As a commodity-linked currency, the Canadian dollar will benefit from a...
Sterling remains steady in early trading as details of the Brexit extension are announced
The pound is continuing to hold onto the recent gains made this month, as the pound to Canadian dollar continues to trade around the 1.67 - 1.68 level.
Brexit extension granted by EU
Donald Tusk announced at 9.30am this morning that EU leaders have agreed to extend the Brexit departure date until the 31st of January, with markets relatively unchanged as this was the general expectation despite some strong words from French President Emmanuel Macron who had alluded to blocking the 3-month Flextension as it's being...
Pound to Canadian Dollar exchange rate: Global trade tensions and Brexit to drive GBP/CAD...
The pound to Canadian dollar exchange rate has continued to fall due to Brexit talks coming to a standstill, despite last week’s disappointing Canadian GDP release.
Canadian economic developments: Effects on GBP/CAD exchange rate
Posting 0pc growth for July, the markets were disappointed with the figures having expected a 0.1pc expansion. Canada’s economy had outperformed during Q2 as oil prices crept up and exports increased enabling the economy to grow at a healthy 3.7pc annualised figure, its strongest in years. However, sterling failed to take advantage...
Pound to Canadian Dollar forecast: Brexit news continues to dominate movement for the GBP/CAD...
Brexit and global trade affect Pound to Canadian Dollar exchange rate
The pound to Canadian dollar exchange rate remains sensitive to all the latest Brexit developments in the UK as well as the ongoing uncertainty over global trade. Boris Johnson has recommitted that Britain will leave the EU by 31st October 2019 although he faces attacks from both the left and the right of the political spectrum which points to a potential rocky ride for GBP/CAD exchange rates. Yesterday, meetings were held by MP’s from...
Pound to Canadian Dollar outlook: Will Sterling struggle against the Canadian Dollar?
Canadian Dollar sees movement as Trade Wars continue
Pound to Canadian dollar exchange rates have been volatile owing to the continued lack of clarity surrounding the Trade Wars. We have seen the Canadian dollar volatile as the markets try to second guess what lies ahead for the dispute with China and the US, plus how this will affect the global economy.
As a commodity currency the Loonie dollar is sensitive to developments with the global economy. The Canadian economy is a major exporter of raw materials,...
GBP/CAD exchange rates trading back above 1.61 as BoC indicate interest rate cut could...
Pound to Canadian dollar exchange rates tipped 1.62 at overnight on the interbank exchange, but the pound found only fleeting support above this threshold, falling back towards 1.6150 by the opening of European trading.
Boris Johnson to meet Angela Merkel in Berlin: Could the fallout of talks affect GBP/CAD rates?
Reports this morning have confirmed that UK Prime Minister Boris Johnson is heading to Berlin to meet German Chancellor Angela Merkel later today, with his primary objective to find support for a complete removal of the...
