Pound to Canadian Dollar outlook Canadian elections and Brexit to cause volatility for GBPCAD exchange rates

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...
Could Brexit developments and the Canadian Interest Rate Decision cause movement for GBPCAD later today?

Pound to Canadian Dollar rates outlook: Will pound to Canadian dollar levels fall further?

Pound to Canadian Dollar: No deal Brexit probability damaging Sterling value The pound to Canadian dollar exchange rate has been suffering lately as the market continues to price in the possibility of the no-deal Brexit taking place on the 31st October. Expectations are mixed for the outcome on Brexit. Nothing is completely set in stone, but the market is becoming more and more of the opinion a no-deal Brexit will take place. What this means for GBP/CAD exchange rates is that as the uncertainty around a...
Pound to Canadian Dollar outlook What can we expect this week on GBPCAD?

Pound to Canadian Dollar exchange rate forecast: How will GBP/CAD rates perform ahead?

The Canadian dollar is this year's best performing G10 currency, as reported by Reuters yesterday. It is probably not too surprising therefore that as sterling has been one of the worst performing, pound to Canadian dollar exchange rates have been testing 2-year lows, hitting points not seen since October 2017. What events are upcoming that might change the current trend? Brexit developments to drive Sterling exchange rates Sterling has been weaker on Brexit uncertainties, as investors await clear news on what Brexit means. The pound has...
Pound to Canadian Dollar forecast Brexit news continues to dominate movement for the GBPCAD exchange rate

Pound to Canadian Dollar exchange rate falls ahead of new UK Prime Minister

Pound to Canadian Dollar rates continue to slide The pound to Canadian dollar exchange rate continues to test the lower levels in this recent range with rates for GBP vs CAD slipping below 1.63 for the pair. Tomorrow will see the announcement of the next British Prime Minister who will take office on Wednesday and the markets have largely priced in the likelihood that Boris Johnson will take the top job. A speech is expected to be made on Wednesday at 5pm and there is...
Could Brexit developments and the Canadian Interest Rate Decision cause movement for GBPCAD later today?

Pound to Canadian Dollar outlook: New British PM on Wednesday, how could this affect...

Pound to Euro exchange rate outlook: New UK Prime Minister and Cabinet, how will the markets react? The pound to Canadian dollar exchange rate has bounced higher after much stronger than expected retail sales data yesterday providing a boost for the GBP vs CAD pair. Despite the small improvement, the pound continues to test the lower levels with the ongoing uncertain political situation in the UK. The new Prime Minister will be announced on Tuesday and is highly likely to be Boris Johnson. A new...
Pound to Canadian Dollar forecast Reduced chance of no deal Brexit after Supreme Court ruling, where to next for GBPCAD exchange rates?

Pound to Canadian Dollar exchange rate forecast: Will GBP/CAD rates fall further?

Strong Canadian Dollar vs weak British Pound causing steady decline in GBP/CAD rates The pound to Canadian dollar exchange rate has been on a steady decline since the start of May, when it became apparent Theresa May would be resigning and a more no-deal Brexit supporting PM might take charge. Sterling has been losing ground regularly against most currencies as no-deal Brexit prospects increase, as investors fear the worst ahead. The Canadian dollar has been stronger too as the price of Oil rises, and also the...
Pound to Canadian Dollar exchange rates Will the pound fall further once the Tory leadership contest is over?

Pound to Canadian Dollar exchange rates: Will the pound fall further once the Tory...

What will happen to GBP/CAD exchange rates after the Tory leadership contest? Over the last 8 weeks the pound has gradually been losing value against the Canadian dollar. 8 weeks ago GBP/CAD mid-market exchange rates were above 1.77 and now mid-market levels are trading just above the 1.6350. To put this into monetary value a CAD$300,000 purchase now costs clients an additional £14,000. The question many of my clients are asking is whether the pound will fall further once the Tory leadership contest is over...
Pound to Canadian Dollar rate hits 20 month low could further falls be in store for the Pound

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

Sterling is coming under increased pressure against a number of major currency pairs with the Canadian dollar being one of the stand out currency pairs. We have previously touched on the fact that CAD is the strongest performer of the G10 so far in 2019, and with the pound having quite a torrid time over the past month and a half the GBP/CAD pair have been in free-fall which has left Canadian Dollar sellers in a great position. Jeremy Hunt gaining momentum in Tory leadership...
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 predictions: What to expect this month

Bank of Canada interest rate decision and the impact on GBPCAD rates

The Bank of Canada are due to be meeting later this evening to announce their latest interest rate decision. The expectation is to keep interest rates on hold so I don't think we'll see any changes in monetary policy, however, the important part of the day will be the accompanying statement which will provide us with evidence as to why they have decided this month's policy. The Canadian Dollar has been gradually improving against the Pound during the last few months but we could start to...