Gbp to Cad Exchange Rate Hits a 1-Month High as Risk Appetite Returns to Global Markets

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...
Oil Prices and Brexit Casuing Volatility for Pound to Canadian Dollar Exchange Rates

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...
Canadian Dollar Saved by Inflation Target Being Met but Outlook Looks Worrying

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...
GBP to CAD forecast Will the Bank of Canada keep interest rates on hold?

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...
GBPCAD Rates: Lack of Faith in the Pound Highlighted by Oil Crisis?

GBP to CAD Forecast: Canadian Dollar Receives a Boost, but Investors May Not Be...

Wednesday got the CAD up and running as we hit the middle of the trading week. It beat all its major rivals after a surprise increase in the Bank of Canada’s preferred measures of inflation. However, economists are suggesting that buyers may be looking to cash out and walk away from the currency ahead of its anticipated weakness in 2020. For the GBP, a bumpy road has ensued post-election but yesterday it found some support. However, economists are suggesting that the Bank of England...
Canadian Dollar Suffers Seven-Week Low Following the Spread of the Coronavirus

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...
GBPCAD Rates: Lack of Faith in the Pound Highlighted by Oil Crisis?

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 ...
GBPEUR Sinks Again with Virus Case Surge

GBP CAD Exchange Rates Break 1.63

The Canadian dollar is seeing heightened volatility this week as the impact of Hurricane Harvey is also seen on the Canadian dollar as well as US dollar. The price of oil has fallen after Hurricane Harvey hit the state of Texas and a number of oil refineries have been forced to close. Considering this was the biggest hurricane that has hit the state for fifty years and the sheer size of the Texas economy means that repercussions are going to be felt elsewhere. It has...
GBPCAD Rates: Lack of Faith in the Pound Highlighted by Oil Crisis?

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 outlook Will Sterling struggle against the Canadian Dollar?

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,...