Pound to Canadian Dollar Remains Steady in 1.7479 and 1.7595 Range

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

Sterling vs Canadian Dollar hits best rate in 2017 (Tom Holian)

The Pound has hit its highest level against the Canadian Dollar since December as the Canadian Dollar struggles following the recent fall in value for oil prices. There appears to be a global surplus of oil at the moment and as Canada is such a big exporter any fall in demand for oil negatively affects the price of the Canadian Dollar. The Canadian Dollar has been the victim of the uncertainty between what is happening in the US and potentially with trade discussions failing then this...
Pound to Canadian Dollar Outlook: BoC Interest Rate Cut Bets Soar as Oil Prices Sink CAD

Trump could cause volatility on GBP/CAD (Daniel Johnson)

Trump causing trouble promising to increase oil production Trump's speech following the inauguration was very focused on taking firm control of the domestic economy. Part of the plan for Trump's "Let's make America great again!" If his plans come to fruition the Canadian Dollar could lose value. I think Sterling is still chronically undervalued against the Canadian Dollar. The main factor for the pound's fall is the uncertainty surrounding trade negotiations post Brexit vote. Sterling has rallied following Theresa May taking away some of that uncertainty...
How Is COVID-19 Effecting GBP to CAD Exchange Rate?

Will GBPCAD slip below 1.60?

The pound to Canadian dollar rate has slipped from the recent highs of 1.66 in January as investors fears over the price of Oil and other economic worries. President Donald Trump is also a factor on the exchange rate which is affecting the GBPCAD exchange rate. To what extent is the pound likely to recover against the Canadian dollar and is there more chance of it actually collapsing again and GBPCAD falling below 1.60? Markets have been closely monitoring the Brexit situation for attitudes towards...
Will Pound to Euro Rates Gain in September?

Bank of Canada raise Interest Rate (Daniel Johnson)

Rate Hike by 0.25% The Bank of Canada yesterday raised rates  from 0.5% to 0.75%. This has been the first rise in rates in seven years.  The justification  for the hike was strong growth across all industries and there is confidence that these levels can be sustained. Sterling has weakened against the Canadian Dollar as a result now sitting at 1.64. Stephen Poloz the Governor of the Bank of Canada has stated however that there is no intention for further hikes for the foreseeable future, the...
Oil Prices and Brexit Casuing Volatility for Pound to Canadian Dollar Exchange Rates

OPEC to influence Canadaian dollar exchange rates for the foreseeable future

Thursday in Vienna, the Organisation of Petroleum Exporting Countries also known as OPEC are set to discuss the oil cut production which expires in March. Last December the leading nations that make up OPEC agreed to cut oil production in a bid to raise the price of oil. Oil prices plummeted from $120 per barrel to $50 per barrel from December 2014 to December 2016. Reports are being released that the Russians could scupper a potential extension as energy Minister Alexander Novak was happy with the...
Pound to Canadian Dollar Drifts Lower as Global Sentiment Improves

GBP/CAD Rates hit 1.97! (Daniel Wright)

Rates continue to surprise as more and more capital is thrown into the Pound following Greece's popular rejection of their creditor's bailout claims. As such, the Pound has strengthened against all major currencies today. With a high of 1.975 reached as I write this, I would not be surprised to see 1.98 reached overnight in the UK while North American markets continue to trade and abandon their Euros for Pounds. It was a shame for CAD sellers to hear, as positive data was released today concerning...
Pound Stronger vs Canadian Dollar this Morning

CAD value weighed down by China

Overnight in the UK, markets were shocked to hear that China had made moves to actively devalue their own currency - the Yuan. In the past, China has always countered stagnation in its own economy by actively pumping capital into the domestic market though infrastructure projects and investments. This historic shift away from that policy, which is instead targeted at the global (external) market by making its exports more competitive, shows that the Chinese economy may not have the capital reserves it had previously to...
Pound to Euro Outlook: GBPEUR Rates Reach 4-Week Interbank Highs

Canadian Dollar upside capped for the moment (Joseph Wright)

The Pound is on the rebound against the Canadian Dollar, which is quite a surprise when we consider that within the past few weeks it hit a new low of 1.55, during the flash crash just a couple weeks ago now. The feeling towards the Pound, and the UK economy in general has turned for the better as the language surrounding ‘Brexit’ has softened somewhat. The situation was very much the opposite towards the beginning of last week and over that weekend, as European Leaders...
GBPEUR: Chances of No-Deal Force GBP to Surrender Gains

Are GBP/CAD Rates Heading for 1.80? (Matthew Vassallo)

Sterling’s recent gains against the CAD have softened of late, with the Pound falling by over two cents in the past week. With the pair now trading around 1.7650 a move through 1.80 is now unlikely in the short-term, with pressure building on the UK economy. Brexit negotiation concerns and a poor run of economic data has put a halt on Sterling’s rise, with no guarantee that we will see a recovery in the short-term. Whilst the Pound has no doubt found a foothold in the market,...