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

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...
GBP to EUR Forecast: Will Sterling See Further Losses Against the Euro?

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: Canadian Dollar Drops to Four-Year Low as Economic Fears Spike

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...
Pound to Euro Outlook: GBPEUR Rates Reach 4-Week Interbank Highs

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...
CAD Weakens Due to Worst Mass Murder in 30 Years Announced on Sunday

Canadian Dollar Hopes to Rebuild After Losing Prior Weeks Gains, Whilst GBP Pushes for...

The Canadian dollar weakened against its US counterpart on Friday, in doing so it gave up much of its gains from the week. A shock decline in retail sales were the main burden to the economy, with this news bets for a Bank of Canada (BoC) interest rate cut in 2020 were back on the table. Meanwhile, the UK has tightened up on its stance for Brexit, with the UK PM setting a hard deadline for December 2020. But not everyone is worried about...

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

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...
Pound to Canadian Dollar Drifts Lower as Global Sentiment Improves

GBPCAD rates break 1.70 – where next?

I wrote earlier this week about GBPCAD breaking 1.70 and so it has passed. The pound remains under pressure and the Canadian economy will continue to be supported by their main trading partner the US. The Loonie and the Canadian economy have had a rough period with the economy there flagging under the pressure of the Alberta Oil Sands fires plus the knock on impact of this event on their economy. Expectations for the future are that the price of Oil could weaken further...
Pound to Euro Rate Falls Due to Worsening Economic Activity

Will the Canadain dollar continue to fall?

In recent months the Candadian dollar has been under severe pressure due to the ongoing NAFTA negotiations and in recent weeks the fall in global stock markets. A fall in global stock markets has meant that the price of oil has also fallen which has put pressure on the Canadian dollar as oil is Canada's most lucrative export. The Canadian dollar has now lost most of the gains created from the second half of 2017, due to the interest rate hikes from the Bank of...