Pound gains on the Canadian Dollar as hopes of the Brexit starting this week...

Sterling gained across the board of major currency pairs today as investors ramped up hopes that Article 50 will be triggered this week. Some believe the triggering of Article 50, and therefore the formal beginning of the Brexit process, could take place as early as tomorrow if the Brexit will is passed through parliament. Whilst the Pound gained value today against all majors, some are expecting to the see the pound fall in the wake of the start to the Brexit, but based on today's performance...
Pound to Canadian dollar predictions: What to expect this month

Surging oil prices slow GBP’s gains against CAD (Joseph Wright)

As Sterling exchange rates have spiked upwards against all major currencies over the past week or so, the Canadian Dollar has been one of strongest in its fightback, will GBP’s gains against the Loonie restricted to just 0.6% over the past week. As world leaders such as US President Barack Obama, International Monetary Fund managing director Christine Largarde, and Governor of the Bank of England Mark Carney have all warned the British public of the risks to the economy should the UK leave the Eurozone,...

Will GBP/CAD continue to fall to new lows? (Joseph Wright)

Today is an important day on the financial calendar for Sterling exchange rates and I'm expecting some sharp movements in the GBP/CAD exchange rate around lunchtime, as this is when the Bank of England's Monetary Policy Committee will be announcing their most recent Interest Rate decision. GBP/CAD is currently trading just above an almost 3 year low as the Pound has been under continued pressure since the shock 'Brexit' decision was announced, and I think that if there is a rate cut, particularly a larger...
Pound to Canadian dollar forecast Canadian Unemployment Rate Falls

When Do I Trade GBP/CAD? (Matthew Vassallo)

GBP/CAD rates have dropped over the past week, with a run of inconsistent UK economic data handicapping any further Sterling advances. The pair are now trading near 1.72 on the exchange and as I eluded to in my previous posts, the Sterling strength seen earlier this month proved not to be sustainable. As such, any clients who did not protect their positions will now be questioning whether we will see a recovery over the coming weeks. Whilst it is very difficult to predict exactly how...
Pound to Canadian Dollar exchange rate forecast How will GBPCAD rates perform ahead?

How will GBPCAD exchange rates perform as we enter 2018?

The pound to Canadian dollar rate is looking much improved as we finish 2017 and head into 2018, the outlook for the Canadian dollar is now much more improved thanks to gentle progress being made on the Brexit for the UK. Many clients looking to buy and sell the pound for Canadian dollar are now facing some much better exchange rates to consider. Overall expectations for the pound are that we will see further progress on Brexit which will help GBPCAD to rise further, there will...
GBPEUR rate remains steady as markets await the Autumn Budget

Will Trade War’s threaten the Loonie dollar?

GBPCAD rates soared yesterday on Canadian dollar weakness as rhetoric over Trump's proposed import tariffs increased. The initial fears subsided but the rate did rise over 1.80 yesterday as markets were concerned over the potential for the tariffs or any Trade War to threaten the Canadian economy. As a key trade partner for of the United States, Canada would be front of the queue to suffer negative consequences from any Trade War. If you have a transfer buying or selling the pound or Canadian dollar...
Pound to Canadian Dollar exchange rate falls ahead of new UK Prime Minister

Canadian Dollar at 3yr high against the Pound (Daniel Johnson)

The Canadian Dollar has had a tough time as of late. Oil is Canada's biggest exports and there has been a large surplus of oil available which has brought down the price of oil and subsequently caused CAD to drop in value. However with the UK's electorate's vote to leave the EU we have seen Sterling plummet against CAD. There has now been a curb on oil production initiated by Putin and we have seen oil prices rise. I think there is potential for further...

GBP/CAD rates to fall this week?

GBP/CAD rates fell this week following a weak showing for Sterling on Thursday, where it seemed the timeline for a rise in the base interest rate in the UK was delayed significantly. Just before the weekend employment figures also came in, reflecting a strong showing for Canada after a poor run recently. While only 6000 jobs were added last month, the population of Canada must be taken into account. With only half the population of the UK, these figures were enough relatively to spell CAD...
GBPEUR rate remains steady as markets await the Autumn Budget

Sterling Makes Gains Against CAD – Markets Brace Themselves for Article 50

Sterling has made gains against the CAD during the early part of the trading week, with the pair moving through 1.67 at the high. The Pound has performed well against most of the major currencies this week but the gains made against the Loonie were more pronounced due to the steep drop in oil prices recently. Crude oil is Canada’s main export, so any slowdown in this sector generally coincides with a drop in the CAD’s value and as such the Pound could make a...
GBPEUR rate remains steady as markets await the Autumn Budget

Canadian Dollar Supported after Bank of Canada Interest Rate Hike (James Lovick)

The Canadian dollar continues to find support after the Bank of Canada raised interest rates from 0.5% to 0.75% following in the US’s footsteps in tightening monetary policy. The shift in policy for the first time in seven years should see further gains for the Canadian dollar especially if the central bank points to further interest rate increases in the months ahead. Those clients looking to sell Canadian dollars for pounds are seeing attractive levels for converting at present. There may be some better opportunities...