The GBP/CAD exchange rate struggles as UK labour market slows

Pound to Canadian Dollar exchange rate: Outlook for UK economy remains unclear as Boris...

Boris vows to bring the UK out of the EU by October 31st deadline Boris Johnson, the new Prime Minister of the UK has 97-days to take the UK out of the EU as outlined during his leadership campaign although at the present moment the way he will achieve this remains unclear. Despite all the political uncertainty that surrounds the UK economy moving forward, the UK economy has remained resilient for example, UK unemployment is running at its lowest level in 44-years and inflation levels within...
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...
GBPCAD Exchange Rate on the Rise with Brexit Party Ruling Out Tory Seat Contention

GBP to CAD rate woes continue: Could this month see the pair reach a...

Pound to Canadian Dollar exchange rates near September 2017 lows The last time the pound to Canadian dollar rate fell below 1.60 was in September 2017 which is almost two years ago, and with the pound losing value against the loonie on almost a daily basis at the moment I don't think that it's outside the realm of possibility for sterling to perhaps test those levels again soon. With the loonie going from strength to strength and sterling putting up little fight, those planning on exchanging...
Pound to Euro exchange rate Sterling slides against the Euro as Brexit extension looks likely

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 outlook Where next for GBPCAD exchange rates?

Canadian dollar exchange rates choppy on Trade Wars and Oil!

The Canadian dollar has been struggling under a series of pressures following the latest news that has seen big fluctuations in the value of the price of Oil and therefore the Canadian dollar. Expectations are high for some important developments at the upcoming OPEC (Organisation Petroleum Exporting Countries) this Friday which has seen big changes in the price of Oil and assets, commodities and currencies connected to it. The Canadian dollar is also susceptible to comments from Donald Trump regarding the Trade Wars which will...
Could Brexit developments and the Canadian Interest Rate Decision cause movement for GBPCAD later today?

NAFTA deal still far from sewn up

US threatens non-approval on NAFTA deal if there is no firm proposal in place in three weeks. The North American Free Trade Agreement (NAFTA) is currently in the process of being renegotiated. NAFTA is a free trade deal between the Sates, Mexico and Canada. Trump has made very clear he is unhappy with the current deal and has called it "the worst trade deal in history." The results of the new negotiations could have huge ramifications fro the Canadian Dollar, the US is Canada's largest trading partner. If...

CAD Forecast – Canadian GDP Figures Boost the CAD’S Value Further (Matthew Vassallo)

The CAD has found a new lease of life over recent weeks, with another positive move during Tuesday’s trading. CAD/GBP rates have spiked by around a cent and a half, following the release of today’s attest Gross Domestic Product (GDP) figure. Canada’s economy has grown by 0.4%, with the official figure coming in above the markets predicted result of 0.3%. This healthy reading is the culmination of a run of strong economic data, which has helped to boost investor confidence in the Canadian economy over recent weeks. This...
Pound to Canadian dollar predictions: What to expect this month

Bank of Canada dovish which leads to Canadian Dollar weakness – NAFTA concerns starting...

We have seen further weakness for the Canadian Dollar during trading today following on from the Bank of Canada Governor Poloz offering a fairly dovish view on the economy in a speech last night. The NAFTA agreement or more importantly the uncertainty behind it is starting to weigh heavily on business confidence in Canada, along with the continued strength of the U.S Dollar which is also leading to the Canadian Dollar weakening. The rise for U.S treasury 2-year notes compared to Canadian 2-year notes is now...
Pound to Canadian Dollar forecast Brexit news continues to dominate movement for the GBPCAD exchange rate

Canadian bank due to keep interest rates on hold causing the Canadian Dollar to...

After having a good run the Canadian Dollar has started to fall against the Pound after an interest rate hike in Canada appears now to be less likely. Bank of Canada governor Stephen Poloz has suggested that any rate hike may not be coming in the near future. Canadian inflation is currently close to a three year high at the moment and as high inflation is one of the key responsibilities for a central bank this would typically put pressure on a bank to consider...
Pound to Canadian Dollar exchange rate Volatility expected for GBPCAD rates ahead of Canadian general election

Will GBPCAD break 1.80 this week?

The pound to Canadian dollar exchange rate has seen a big twist and turn lately as the market struggles to price into expectations the changes in sentiment towards both the Canadian dollar and the pound. The Canadian dollar has risen as investors feel a stronger and higher price of oil will boost the Canadian economy in the longer-term. The pound has also struggled as investors step back from the high expectations that have been placed into the market relating to interest rates. The general belief...