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

CAD Forecast – Why is the CAD Struggling Despite Wednesday’s Interest Rate Hike? (Matthew...

The CAD has found life tough going of late, struggling to make any significant impact against Sterling since the turn of the year. GBP/CAD rates move back above 1.73 overnight and although the CAD found some support around this level, the current trend is somewhat baffling considering the relative health of the UK & Canadian economies. The uncertainty surrounding Brexit is having a huge impact on investors risk appetite for the Pound. Despite talks progressing to phase two, it has done little to dispel the current...
Will Pound to Euro Rates Gain in September?

Why did the Canadian Dollar fall when interest rates were hiked? (Joseph Wright)

Yesterday the Bank of Canada chose to raise interest rates for the third time in the last year. The interest rate now sits at 1.25% and those that decide on making the decision to change interest rates have stated that this decision can be put down to increasing inflation levels, and an a strong Canadian economy. Many economists and market traders had predicted the move and the Loonie had been increasing in the lead up to the decision, and once it was made official many took...
Oil Prices and Brexit Casuing Volatility for Pound to Canadian Dollar Exchange Rates

Bank of Canada raise interest rates as expected to 1.25% – Slight CAD strength...

Today saw the Bank of Canada raise interest rates by 0.25% which saw slight gains for the Canadian Dollars against most majors. The BOC however did mention in a statement that there are concerns surrounding the NAFTA agreement (North American Free Trade Agreement) was still a concern and this held back any major gains for the Canadian Dollar. Generally, an interest rate hike is seen as very positive for a currency and a cut in rates is seen as negative, however with the hike in rates...
Will Pound to Euro Rates Gain in September?

Bank of Canada predicted to hike rates (Daniel Johnson)

Is a Rate hike justified by the BOC? This afternoon is the Bank of Canada (BOC) interest rate decision. The expectations are that there will be a hike from 1% to 1.25%. Bank of Canada Governor, Stephen Poloz has stated a change in interest rate would be data dependent. If this is the case then  a rate hike should occur today. We have recently witnessed the best unemployment data in four decades. Personally, I am of the opinion a rate hike in the current climate is...
Will Pound to Euro Rates Gain in September?

Will GBPCAD hold above 1.70?

The pound to Canadian dollar levels have on the interbank rate improved back over 1.70 as concerns over the NAFTA (North American Free Trade Agreement) surfaced creating uncertainty over the outlook for the Canadian economy. The Canadian economy is very much supported by its exports in key commodities like oil and lumber which the US is a major purchaser of. Should NAFTA be rejected by Trump then the Canadian would struggle, this could present better rates in the future. If you have a transfer buying...
GBP to CAD Rate: Sterling Gains Against the Canadian Dollar Ahead of Bank of Canada Statement

NAFTA Breakdown threatens the Canadian Dollar? (Daniel Johnson)

NAFTA Negotiations are set to be problematic. The North American Free Trade agreement is key to the health of the Canadian economy. The agreement between the US, Canada and Mexico is under threat as US President , Donald Trump feels the deal is nowhere near as beneficial as it should be to the US. Canada is heavily reliant on the US purchasing it’s exports, if the deal is changed or indeed axed this could have a significant impact on the Canadian economy and in turn the...
Pound to Euro Exchange Rate Outlook: Busy Week Ahead for GBP to EUR Rates

What can we expect for GBPCAD rates in January?

The pound has dipped against the Canadian dollar, principally owing to the developments in the price of Oil which has improved lately. The Canadian dollar is known as a commodity currency and it will often react to changes in the price of certain commodities which directly support and influence the Canadian economy. Oil is one of Canada's main exports and a key driver of prices for the Loonie dollar against all the major currencies. The outlook for sterling is actually much more positive following the...
Pound to Euro Exchange Rate Outlook: Busy Week Ahead for GBP to EUR Rates

NAFTA troubles threaten CAD (Daniel Johnson)

NAFTA Renegotiation is a long term threat to CAD. The Canadian dollar could be in for a turbulent year and I think the main cause for concern for Canadian Dollar seller is the renegotiation of North American Free Trade Agreement (NAFTA). Donald Trump is currently very unhappy with the current agreement and feels it should be much more beneficial to the United Sates. This does not sit well with Mexico or Canada, both of which are heavily reliant on exports to the states, their primary export...
GBPCAD Rates: Lack of Faith in the Pound Highlighted by Oil Crisis?

How will GBPCAD exchange rates perform as we enter 2018?

The pound to Canadian dollar rate is looking much improved as we finish 2017 and head into 2018, the outlook for the Canadian dollar is now much more improved thanks to gentle progress being made on the Brexit for the UK. Many clients looking to buy and sell the pound for Canadian dollar are now facing some much better exchange rates to consider. Overall expectations for the pound are that we will see further progress on Brexit which will help GBPCAD to rise further, there will...
Canadian Dollar Suffers Seven-Week Low Following the Spread of the Coronavirus

GBP/CAD Forecats – What next for the Pound? (Matthew Vassallo)

GBP/CAD rates continue to trade close to the high of the past month, despite Sterling coming under pressure against most of the of the other major currencies this week. The Pound hit a high of 1.7256 and despite the CAD finding support under 1.73 of late, it hasn’t threatened to make a major impact despite the well reported market negativity associated with the UK economy at present. With Brexit negotiations curbing any major advances for Sterling from the current levels, the key question for investors is...