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...
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...
What can we expect next for GBPCAD exchange rates?
GBPCAD exchange rates have risen back to some of the best rates to buy CAD with the pound since before the Referendum. Overall expectations are for the pound to continue to rise should the EU deal be concluded which could happen as early as today. If you are looking to buy the Canadian dollar with the pound then you could be in for some very favourable opportunities should this all go according to plan today.
The Canadian Governor Stephen Poloz has also given some indications...
GBP CAD Before EU Summit
The pound has gradually climbed higher against the Canadian dollar with rates close to the recent highs seen in November of this year. GBP CAD is having a better run after positive developments in the Brexit negotiations. GBP CAD is now trading at 1.7180 but is struggling to find the momentum for the next push to 1.75 for this pair.
Clients looking to sell Canadian dollars for pounds could see a material shift in the exchange rates after the EU summit in Brussels is concluded...
US interest rate strengthens the Canadian dollar
Overnight the US Federal Reserve as widely expected raised interest rates which provided strength for the Canadian dollar as investors feel that a higher interest rate in the US will help the Canadian economy. The Federal Reserve interest rates is now one of the highest out of the G10 currencies and the press conference after hinted that gradual interest rate hikes throughout 2018 are likely.
The Canadian dollar straightened overnight however the pound has been making inroads against the Canadian dollar this morning. Today UK...
GBP/CAD Forecast – Brexit Negotiations Continue to Dominate Headlines (Matthew Vassallo)
GBP/CAD rates hit a high of 1.7188 earlier today, although the pair have remained extremely flat during Thursday’s trading.
The Pound has seen its recent support soften over recent days, as confusion over the on-going state of Brexit negotiations continues to dominate headlines.
Progress regarding the final figure on the UK’s Brexit settlement (rumoured to be as much as 50 billion Euro) and agreements in principal regarding the Irish border and protection of EU nationals in the UK, were seen as a major breakthrough after months...
Will GBPCAD rates slip back below 1.70?
GBPCAD rates `have been slipping after hitting highs in the mid 1.70's, we have recently seen the level get knocked right back down to 1.70. With the outlook for sterling now very uncertain because of concern over whether or not the UK will reach a deal with the EU, markets are betting against the pound. What can we expect on GBPCAD for the next few weeks and months, will GBPCAD fall below 1.70?
GPBCAD has spent much of the last few months in a range between 1.60...
Potential for further falls for CAD? (Daniel Johnson)
Trump threatens to dismantle NAFTA agreement
Donald Trump has stated he feels the North American Trade Agreement (NAFTA) is nowhere near as beneficial to the US as it should. Renegotiations began on 16th August and hopes were to have them concluded by the end of the year. It now looks as though talks could continue to Spring. The consequences of the trade deal should not be underestimated. NAFTA is the worlds largest free trade deal and Mexico and Canada's GDP could take a serious hit...
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...
What can we expect from GBPCAD in the next week?
The pound has had a volatile few weeks against the Canadian dollar with rates ranging between 1.66 and 1.70 as investors take stock of the upcoming US interest rate hike and also developments in the UK political situation. Current market predictions centre on a stronger pound as Brexit negotiations gain some momentum and the worst fears for the UK and the pound fail to materialise.
GBPCAD has hit some fresh highs touching almost 1.70 of late which is some of the best rates we have...