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 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 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...
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 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...
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...
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...
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...
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...
Canadian Dollar Strength although NAFTA Uncertainty Remains
The Canadian dollar continues to make gains across most of the major currencies including the pound as the price of oil climbs higher. The price of oil has been climbing higher after tensions escalated in the Middle East following the decision from US President Donald Trump to pull out of the Iran nuclear deal. This geopolitical uncertainty is pushing the price of oil higher and this is so far proving beneficial for the Canadian dollar due to the fact that Canada is a net...