Pound to Canadian Dollar Rate Remains Towards the Top of Its Range Despite Fears of Brexit Negotiation Delay

Cad holds steady as Oil Prices Firm

The price of Oil has risen as the Canadian Oil Sands fires stoke Oil supply fears. Canada's Oil Sands are the world's third largest proven reserves so the worry over just how these fires will impact Oil supply is important. If you need to buy Canadian dollars the price of Oil is an important factor in determining the strength and weakness of the Canadian currency. Canada is a major exporter of Oil so the economy depends heavily on Oil and other commodities such as...
Pound to Euro Consolidates Above 1.12 Despite Increased Fear of No Deal Brexit

Will GBP continue its recovery against CAD, and how is the presidential election result...

It's likely to be a busy night and following day for exchange rates across the board, as the outcome of the US Presidential Election is likely to be announced in the early hours tonight. It seems like the calm before the storm as Sterling exchange rates have been trading within relatively thin volumes over the past trading session, as investors await the outcome of the presidential race. Today economic data has done little to move markets, and most pairs are likely to be driven by which...
Gbp to Cad Exchange Rate Hits a 1-Month High as Risk Appetite Returns to Global Markets

GBP/CAD rates hold at 1.94 as US GDP figures come in as expected (Joshua...

There were no surprises today, as US economic data came in as expected. They have revised down the amount the US actually shrank during the first quarter of 2015 from -0.7% to -0.2%. While this may not sound like much, half a percent of an economy which produces tens of trillions worth of goods every year is more than enough to turn some heads. We have written a lot recently about about how much the US economy has a knock-on effect on the Canadian economy,...
GBPCAD Rates: Lack of Faith in the Pound Highlighted by Oil Crisis?

CAD gaining value rapidly

CAD rates have been gathering strength rapidly now that the fallout from Black Monday is beginning to evapourate. For example, GBP/CAD had been as high as 2.098 but we have been catapulted back down to the levels we were seeing last week below 2.05. The Chinese stock markets have closed 5% higher at the end of trading, giving confidence back to the stock market that the slide has stopped. As a result a lot of the money previously stored in safe-haven currencies, such as the...
Pound to Euro Outlook: GBPEUR Rates Reach 4-Week Interbank Highs

Will GBP/CAD continue to fall to new lows? (Joseph Wright)

Today is an important day on the financial calendar for Sterling exchange rates and I'm expecting some sharp movements in the GBP/CAD exchange rate around lunchtime, as this is when the Bank of England's Monetary Policy Committee will be announcing their most recent Interest Rate decision. GBP/CAD is currently trading just above an almost 3 year low as the Pound has been under continued pressure since the shock 'Brexit' decision was announced, and I think that if there is a rate cut, particularly a larger...
Will Pound to Euro Rates Gain in September?

Sterling Makes Gains Against CAD – Markets Brace Themselves for Article 50

Sterling has made gains against the CAD during the early part of the trading week, with the pair moving through 1.67 at the high. The Pound has performed well against most of the major currencies this week but the gains made against the Loonie were more pronounced due to the steep drop in oil prices recently. Crude oil is Canada’s main export, so any slowdown in this sector generally coincides with a drop in the CAD’s value and as such the Pound could make a...
Will Pound to Euro Rates Gain in September?

BOC Moneatry Policy decisions shows a strong eonomic back bone for Canada (Daniel Johnson)

Who is making the correct moves for their economy the BOE or the BOC? There is little data of consequence released form both Canada and the UK this week. To put it bluntly I'm am of the opinion the Canadian economy is looking far healthier than the UK's. We have seen two consecutive rate hikes from Canada in a row. A rarity from a central bank. It shows real faith in economic growth. Mark Carney, the governor of the Bank of England (BOE) has recently hinted...
Will Pound to Euro Rates Gain in September?

GBP/CAD Spikes Ahead of EU Referendum (Matthew Vassallo)

GBP/CAD rates have spiked this week ahead of tomorrow UK EU referendum. The pair moved through 1.88 at the high, almost 5 cents higher than the pair were trading last week. This improvement came in line with spikes for the Pound against all of the major currencies, with momentum once again building for the Remain camp ahead of the UK EU referendum on Thursday. Looking back over the past few weeks and we have seen the momentum shift from one side to the other. This...
Will Pound to Euro Rates Gain in September?

GBP CAD Strength after Theresa May Brexit Speech (James Lovick)

The pound has seen an excellent jump higher across all of the major currencies including the Canadian dollar as a direct result of the statement that UK Prime Minister Theresa May made on Brexit yesterday. GBP CAD increased in value by 1.5% after the markets took her comments as extremely positive and this has created a much better opportunity for those clients looking to buy Canadian dollars. The pound has also been supported by strong UK inflation numbers which arrived considerably stronger than expected also...
GBPCAD Rates: Lack of Faith in the Pound Highlighted by Oil Crisis?

GBPCAD driving – STEVE EAKINS

Buying the Canadian dollar has become more expensive of late with the Pound. The reason for this has been sterling weakness rather than Canadian Dollar strength. The dollar has generally continued to struggle with the fires impacting oil production, the only boost for them has been as a result of the trade agreement with the US. As the US dollar strengthens on speculation of a potential interest rate rise there, the Canadian Dollar has been benefiting. In the recent past Sterling weakness has been driven...