GBPEUR Forecast – Internal Market Bill Drives GBP Lower

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...
Will Pound to Euro Rates Gain in September?

CAD Finishes the Day on a High

The Loonie moved back into the 1.88’s against Sterling continuing it’s recent up and down trend. Today Saudi Arabia has announced the intentions to strike a deal with the OPEC members and potentially control the output of oil. This could cause the price of oil to rise and in turn help the CAD which is very much associated with the oil price to gain strength. If the price of oil increases in the coming weeks I would expect to see some good strength in the...
Will Pound to Euro Rates Gain in September?

OPEC Deal causes Oil prices to soar (Daniel Johnson)

Oil reaches an 18 month High The Canadian Dollar is heavily influenced by oil prices due to Canada's significant reliance on oil as an export. Oil prices reached an 18 month high today. This is due to a deal between OPEC and other large exporters of oil to cut production coming into action on New Years Day. The oversupply of oil over the last few years has caused a catastrophic drop in oil price. The Canadian Dollar will no doubt benefit from the deal. If you...
Will Pound to Euro Rates Gain in September?

Is the Pound to Canadian Dollar bull run coming to an end? (Joseph Wright)

The Pound to Canadian Dollar exchange rate has dipped from its highs last week, as the pair are currently trading in the 1.75/1.76's after breaching the 1.78 mark last week for the first time in around 11 months. Those planning on exchanging Pounds for Canadian Dollars are still in a good position when we consider the rates available over the past year, but it's very difficult to tell whether the Pound will manage to maintain its current position after the bullish run recently. Furthermore, will oil...
Canadian Dollar Suffers Seven-Week Low Following the Spread of the Coronavirus

Canadian Dollar at 3yr high against the Pound (Daniel Johnson)

The Canadian Dollar has had a tough time as of late. Oil is Canada's biggest exports and there has been a large surplus of oil available which has brought down the price of oil and subsequently caused CAD to drop in value. However with the UK's electorate's vote to leave the EU we have seen Sterling plummet against CAD. There has now been a curb on oil production initiated by Putin and we have seen oil prices rise. I think there is potential for further...
Pound to Canadian Dollar Drifts Lower as Global Sentiment Improves

When Do I Trade GBP/CAD? (Matthew Vassallo)

GBP/CAD rates have dropped over the past week, with a run of inconsistent UK economic data handicapping any further Sterling advances. The pair are now trading near 1.72 on the exchange and as I eluded to in my previous posts, the Sterling strength seen earlier this month proved not to be sustainable. As such, any clients who did not protect their positions will now be questioning whether we will see a recovery over the coming weeks. Whilst it is very difficult to predict exactly how...
Pound to Euro Consolidates Above 1.12 Despite Increased Fear of No Deal Brexit

GBP/CAD Rates Fall as Oil Prices Rise (Matthew Vassallo)

GBP/CAD rates have fallen over the past week, with the CAD gaining over three cents at the high. The pair were trading North of 1.70 but following Sterling’s decline trades today have been going through around 1.67 on the exchange. The CAD has benefited from the steady rise in oil prices of late, which has helped to drive its value up. Due to the Canadian economies heavy reliance on the export of their crude oil, the markets will always react to the fluctuation in oils...
Brexit and Coronavirus Weigh on GBP as Oil Price Collapse Causes CAD Value to Fall

GBP/CAD Forecast – CAD Finds Support Following Sterling Spike (Matthew Vassallo)

GBP/CAD rates have fallen during Tuesday’s trading, as the CAD found some support around 1.70. The CAD hit a high of 1.6873, giving it some much needed respite following the recent loses against Sterling. Sterling’s performance against the CAD has not been mirrored against most of the other major currencies and therefore the recent spike is somewhat surprising. Considering how much pressure the UK economy has been under of late, this improvement has been taken advantage of by many of our clients with a short-term GBP/CAD currency...
Will Pound to Euro Rates Gain in September?

GBPCAD rates not flattered by recent trends!

The pound is much stronger at the moment owing to the recent trends in the market place. The pound is much stronger at the moment owing to the recent developments with the Supreme Court case. Personally I expect the pound to now find some further strength as we approach the latest market news and information on Brexit. The market is expected to move by up to 5 or 10 cents in the coming weeks as we get more news on the Brexit and also...
Will Pound to Euro Rates Gain in September?

Fluctuations expected for GBPCAD exchange rates this week (Dayle Littlejohn)

This week Canada and the UK are both set to release a host of economic data releases which have the potential to cause fluctuations that clients will wish to take advantage of. This morning the UK release Mortgage approvals and Consumer credit numbers. Mortgage approvals are set to rise however Consumer confidence is set to decline. Therefore there's a strong chance the data releases will counteract one another. This afternoon the Bank of Canada Governor Poloz will address the public in regards to the state of...