Pound to Canadian Dollar Outlook: BoC Interest Rate Cut Bets Soar as Oil Prices Sink CAD

Trump could cause volatility on GBP/CAD (Daniel Johnson)

Trump causing trouble promising to increase oil production Trump's speech following the inauguration was very focused on taking firm control of the domestic economy. Part of the plan for Trump's "Let's make America great again!" If his plans come to fruition the Canadian Dollar could lose value. I think Sterling is still chronically undervalued against the Canadian Dollar. The main factor for the pound's fall is the uncertainty surrounding trade negotiations post Brexit vote. Sterling has rallied following Theresa May taking away some of that uncertainty...
Pound to Canadian Dollar Outlook: BoC Interest Rate Cut Bets Soar as Oil Prices Sink CAD

Will GBP/CAD Hit 1.90 Ahead of EU Referendum? (Matthew Vassallo)

GBP/CAD rates hit 1.8743 at today’s high, before slipping under 1.87 by close of European trading. The pair have remained fairly static this week, despite gains for Sterling against most of the other major currencies. It seems as though the markets are undecided which way to go, ahead of next month’s EU referendum and with mixed data coming from both economies, we may find the pair range bound between 1.85-1.90 over the coming weeks. Those clients holding Sterling will be concerned about the damage a...
GBPEUR Higher as Merkel Faces Lockdown Backlash

As expected GBP/CAD rates remained at 1.96

Yesterday was largely uneventful for the Canadian Dollar. Few data releases on either side of the Atlantic saw the situation in Greece dominating the relationship between most currency pairs. While the Greek delegation suddenly showed themselves to be more conciliatory in their run-up to their referendum on July 5th, offering new terms, and rumours that they were more open to accepting further cuts flourished. However, with nothing concrete announced, rates refused to move below or above 1.96 for GBP/CAD as no more capital flowed in...
GBPEUR Higher as Merkel Faces Lockdown Backlash

CAD Forecast – Canadian Economic Growth to Slow in 2018 (Matthew Vassallo)

The CAD is under pressure this week losing ground against a host of the major , with these losses particularly apparent against both Sterling and the USD. Wednesday’s interest rate hike by the US FED and what seems like a significant breakthrough in Brexit talks, has certainty had a detrimental effect on the CAD. Investors have been moving their funds away from the Loonie all week, with its value decreasing at a rather alarming rate. Despite new head of the FED Jerome Powell remaining fairly dovish...
Pound to Canadian Dollar outlook Will Sterling struggle against the Canadian Dollar?

Where next for GBPCAD exchange rates?

I think it is now highly likely that the GBPCAD breaks into the 1.60's as investor uncertainty over holding the pound continues to increase. We are now ten days since the Brexit vote and are no clearer on any firm plans over what is going to happen next. That is without doubt going to weigh on the pound and with Oil prices rising, the Loonie is very well placed to continue capitalising. In short if you need to buy Canadian dollars moving sooner rather...
Pound Stronger vs Canadian Dollar this Morning

Canadian Dollar Boosted on Bank of Canada Outlook

The Canadian dollar has received a boost after Bank of Canada governor Stephen Poloz hinted at further interest rate increases after he said that wage growth is forecast to start rising which would be seen as good for the Canadian economy. However he highlighted that the ongoing NAFTA negotiations are holding back the Bank of Canada from making any sudden decisions as uncertainty still remains. There is some hope that a deal will be arranged and there is pressure from Mexico to have this wrapped...
Gbp to Cad Exchange Rate Hits a 1-Month High as Risk Appetite Returns to Global Markets

What issues could impact the Pound to Canadian Dollar rate? (Joseph Wright)

The Pound has gained almost 10 cents against the Canadian Dollar in just the last 2-weeks, as the Pound continues to rise on the back of the election called by Theresa May, the UK Prime Minister. I expect the election and speculation surrounding it to impact Sterling exchange rates over the next few months, due to the differing plans and outlooks from the UK political parties regarding the Brexit. As it stands the conservatives are favorites to win come the election in June, and that...
GBPEUR Rejected by 1.17 Price Level Again

Oil price likely to determine GBP/CAD exchange rate this week (Joseph Wright)

Those following the GBP/CAD rate closely will be aware of the strides Sterling has made against the Canadian Dollar as of late, although with so many different factors affecting the pair it's difficult to gauge whether this tend will continue. GBP sellers may wish to consider the current level as favorable when we consider that GBP is trading around a 3 month high against the Loonie which is surprising when we consider that the UK public is due to vote on its political future next...
GBPEUR Higher as Merkel Faces Lockdown Backlash

GBPCAD rates rise on sterling strength but for how long?

GBPCAD has risen as investors immediate and fresh fears over the Brexit from last week fade out. Most clients buying Canadian dollars had been preparing themselves for a lower deal but with these improvements we can now see a higher rate on offer. If you are buying Canadian dollars it is important to understand the market and all of your options well in advance. By making plans in advance you can help to mitigate any uncertainty and ensure you do not lose out if...