GBP EUR Exchange Rate: Weekly Review July 16  

Sterling drops against the Canadian Dollar as oil prices continue to strengthen, will this...

Despite some upbeat construction figures for the UK being released today, the Pound has weakened against the Canadian Dollar with the pair trading in the 1.63's for the most part of today's trading session. Against almost all other major currency pairs the Pound has gained value after the better than expected construction figures (CIPS UK Construction PMI for December) gave the currency a boost in the early hours of today. Despite the positive day for Sterling against most pairs the Loonie has bucked the trend and...
Pound to Dollar Rate Pushed Higher by Risk-on Mood

CAD Strength seems the more likely at present!

GBPCAD has continued its ascendancy of late has a weaker pound and improvements in the price of Oil continue to cause upset for anyone looking buy the Canadian dollar. As the prospect of uncertainty over Oil prices diminishes the rates have only improved for Canadian dollar sellers, it would appear that longer term the exchange rate will only go from strength to strength as the price of Oil makes a recovery and particularly if the pounds weakens further. GBP Uncertainty seems the more likely...
GBP EUR Exchange Rate: Weekly Review July 16  

GBP/CAD – Is there any hope for Sterling?

GBP/CAD Forecast The true impact of the vote to leave the EU is ever present on the currency markets. The pound having fallen significantly against all major currencies. There has been little data of consequence out this week form the UK but we have still seen the pound's value drop. This is predominantly due to high probability that there will have to be a hard brexit after Francois Holland and Jean Paul Junker indicted there would be no trade negotiations unless Article 50 was triggered. Theresa...
GBP EUR Recovers from Early Losses on EU Trade

GBPCAD rates improve to 1.73, will it last?

The pound to Canadian dollar has really risen in the last week as we learn of the UK's General Election being called which is expected to fuel a sterling surge as Theresa May and the Conservative party strengthen their hand. The Canadian dollar is also a little weaker as the US dollar softens and markets remain sceptical about the outcome of the French election. Overall expectations are shifting as to what might be a realistic outcome and performance in such economic conditions, as a...
GBP EUR Exchange Rate: Weekly Review July 16  

Will GBPCAD drop below 1.60?

The pound has really struggled today dragging GBPCAD down almost 3 cents as investor concerns over the economic outlook for the UK increase. The Bank of England reduced growth forecasts and withdraw previous support for an interest rate hike causing the currency to slide as largely expected. The GBPCAD rate had been moving closer to the 1.60 rate in the last few weeks but a much softer CAD had provided some short term relief for CAD buyers. If you have a transfer buying or...
Pound to Canadian Dollar Drifts Lower as Global Sentiment Improves

The Canadian dollar is stronger on better Oil prices

As the Canadian dollar rises the GBPCAD rate has slipped lower which is presenting an excellent opportunity to buy the pound with the Canadian dollar that might get better. As we get closer to the Referendum the pound is likely to lose ground which might suggest this transaction becomes even more favourable for CAD sellers. The only way to mitigate the uncertainty is to try and make some plans around the market and how this could pan out. If you are looking to buy or...
GBP EUR Exchange Rate: Weekly Review July 16  

Will the pound rise or fall against the Canadian Dollar?

The Canadian dollar has been a little weaker against the pound which itself has been stronger. GBPCAD is looking a much more attractive for Canadian dollar buyers in the weeks as some of the uncertainty over the Brexit fades for now. Another benefit for Canadian dollars buyers with pounds is that the US dollar is weaker too as the 'Trump trade' loses momentum. Most analysts expect sterling to now perform better and whilstI would not rule out some short term improvements I would also...

Will GBPCAD raise or fall this week?

This week is a very important one for GBPCAD exchange rates as we get some fresh news on the UK economy and also the Canadian economy. With the GBPCAD rate having moved some 5 cents in the last month the big movements will be having a big influence on clients looking to buy or sell Canadian dollars. If you have a transfer to make then getting everything setup well in advance is very sensible to make the most of the current opportunities. Particularly for...
Oil Prices and Brexit Casuing Volatility for Pound to Canadian Dollar Exchange Rates

What can we expect for GBPCAD rates in 2017?

The pound is likely to struggle in 2017 but what about the Canadian dollar? The GBPCAD rate has been volatile in 2016 and I expect this to continue in 2017. Two of the main issues on this currency pairing will remain in 2017, that is the Brexit and the price of Oil. These two issues will continue to dominate and influence the GBPCAD exchange rate. Understanding just what happens on these events will help determine what kind of exchange rates we see moving forward....
Canadian Dollar Saved by Inflation Target Being Met but Outlook Looks Worrying

CAD Forecast – Positive Employment Data Helps to Boost CAD’s Value (Matthew Vassallo)

The CAD has found plenty of support against Sterling over the past week, hitting 1.7946 at today’s high. This move back below 1.80 has brought some much needed respite to those clients with upcoming CAD currency positions to execute, having seen the Loonie marooned above this threshold over recent months. This improvement has come in line with a positive run of economic data, which including March’s employment figures. These confirmed that 32,000 jobs had been added to the Canadian economy last month, keeping the current unemployment...