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

NAFTA Uncertainty causes CAD weakness (Daniel Johnson)

NAFTA wieighs heavily on CAD CAD has struggled against the Pound of late. The uncertainty surrounding the renegotiation of the North American Free Trade Agreement (NAFTA) has weighed down the looney. If there is one thing the currency market does not react well to it is uncertainty. The deal in place with Canada, Mexico and the United States is being renegotiated due to Trump's unhappiness with the current criterion on regulations. He has gone as far as to state it is disastrous and threatened to leave...
Pound to Euro Exchange Rate Outlook: Busy Week Ahead for GBP to EUR Rates

NAFTA Deal and the impact on Sterling vs Canadian Dollar exchange rates (Tom Holian)

The North Atlantic Free Trade Agreement has been a hot topic over the last few months and the uncertainty surrounding the issue has caused the Canadian Dollar to weaken recently. US President Donald Trump has stated in the deal 'Canada has treated us very, very unfairly when it comes to lumber and timber.' However, Trade Chief Robert Lighthizer has said that things are progressing and 'we're making real headway.' Trump has been very outspoken about the trade deal but Lighthizer appears to be a lot...
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...
Pound Sterling Forecast: What's impacting GBP Rates This Week?

Where next for GBPCAD exchange rates?

The pound to Canadian dollar is still looking very attractive from a viewpoint of previous positioning since the EU Referendum. Canadian dollar buyers with their pounds are enjoying some of the best rates since prior to the vote, a brief rally last week to 1.7658 almost touching the post Referendum high of 1.7776 May 2017. Will this gentle trend higher continue or will GBPCAD soon get pushed back into the 1.60's? Of vital importance will be future economic data from Canada which might give rise...
Pound Sterling Forecast: What's impacting GBP Rates This Week?

Canadian Dollar remains vulnerable due to NAFTA talks (Daniel Johnson)

Trumps demands are unrealistic in regards to NAFTA The Canadian Dollar lost ground against the majority of major currencies recently following poor retail sales and inflation data. There is also the matter of the renegotiation of the North American Free Trade Agreement (NAFTA). Donald Trump feels that the current agreement is not beneficial enough for the US and has called Canada and Mexico to the negotiation table. The uncertainty surrounding the outcome of the deal is putting pressure on the Canadian Dollar. There is even the...
Pound to Canadian Dollar Drifts Lower as Global Sentiment Improves

Will GBPCAD rise above 1.80 or sink below 1.70?

GBPCAD rates have improved to some of the best levels since the Referendum as the pound is looking more confident going into the Brexit negotiations. Overall expectations for the pound are much improved as investors eye a softer Brexit which should retain access to the Single Market or the Customs Union. Whilst the Canadian dollar may well strengthen owing to some fundamental reasons which drive its performance, sterling looks to have the upper hand for now. Oil prices and the prospect of further interest rate...
GBPCAD Rates: Lack of Faith in the Pound Highlighted by Oil Crisis?

CAD Forecast – NAFTA Talks Likely to Drive GBP/CAD Value (Matthew Vassallo)

GBP/CAD rates have levelled out following a positive move for Sterling earlier this week. The pair is now trading just above 1.75, with Sterling making inroads again the majority of the major currencies during the early part of the trading week. This positive move came despite the Canadian economy remaining strong in the eyes of investors, with a run of positive economic data supporting this theory. However, despite this positive perception the CAD has actually struggled against the Pound of late, making little impact against its...
Canadian Dollar Suffers Seven-Week Low Following the Spread of the Coronavirus

Canadian Dollar suffers despite rate hike (Daniel Johnson)

NAFTA is a cause for concern for CAD The Bank of Canada (BOC) decided raise rates last week after positive economic data, particularly unemployment, which plunged to the lowest levels in forty years. Common belief would be to assume a rate hike means a stronger currency, this is not always the case. The market moves on rumour as well as fact and the rate hike was anticipated following the release of the unemployment data so the hike was already factored into the exchange. There is also...
Pound Sterling Forecast: What's impacting GBP Rates This Week?

What can we expect next for the Canadian dollar?

The Canadian dollar is looking slightly weaker against the pound which has surprisingly found some form lately. We are still not out of the woods for the Brexit and it does feel the Canadian dollar should from the fundamental considerations being strengthening very soon. More often than not currency rates move in advance of an event and I think this is why rates are so good. If you are looking to buy Canadian dollars we are at some of the best rates to sell pounds for...

US Shutdown and Canadian Interest Rates – Impact on GBPCAD exchange rates (Tom Holian)

Despite the Bank of Canada having increased interest rates earlier this week the Canadian Dollar has actually weakened against the Pound during the last few days. Indeed, GBPCAD exchange rates are now at their best trading level since the end of November. The CAD$ has weakened owing to the uncertainty surrounding both NAFTA as well as the problems in the US with the government facing a shutdown. A deadline has been set for midnight tonight as Trump and Republican leaders in Congress are looking to pass a...