GBPCAD slips further!
Worries are continuing over the Oil Sands fires in Alberta Canada as investors fears on the Loonie ring true. Sterling has recently found form on a number of fronts which has clearly helped sterling to rise higher but the worry of course now is the Brexit, the vote of which is only 3 weeks away! Most analysts predict sterling to drop as we approach the date before sliding further as we move towards the date. Making firm predictions is of course impossible but the...
Will Sterling continue to fall against the Canadian Dollar as Brexit issue remains uncertain?...
The Pound has seen big losses vs the Canadian Dollar during today's trading session even though the Bank of England have dramatically raised the growth forecast for 2017.
The Quarterly Inflation Report also confirmed that 'there have been relatively few signs of the slowdown in consumer spending that the committee had anticipated following the referendum.'
The UK's economy is clearly going from strength to strength but the main problem for Sterling is due to the ongoing uncertainty of Brexit and when Article 50 will be allowed...
Will the Pound fall further against the Canadian Dollar? (Tom Holian)
The Pound vs the Canadian Dollar has experienced some positive gains today after Bank of England member Andy Haldane suggested that he was considering voting for an interest rate hike this month which would have taken the vote to 4-4. He also suggested that the Brexit risk is not gone but that UK growth remains solid.
Last week when the minutes were published the split was 5-3 in favour of keeping interest rates on hold which came as a big surprise to the market as...
Buying Canadian Dollar rates see momentum going into the weekend (Joshua Privett)
For anyone holding Sterling, buying Canadian Dollars had the best day of it on Friday despite still recording some losses.
The Pound has had a seriously difficult time recently each Friday like clockwork against all of its currency pairings.
The question marks over the Pound's status is never more apparent than on Friday afternoons. The phenomenon of profit-taking in the market place is becoming an expected event each week on the currency markets.
The actors who move the average exchange rates every few seconds which you may...
GBP/CAD – Political uncertainty plagues the Pound (Daniel Johnson)
UK politics dictating GBP/CAD
The snap election was deemed to be a smart move by Theresa May, unfortunately her cunning ruse did not go to plan. With the opposition so weak it seemed as though the election would be a foregone conclusion. However, with May attacking her core voters by stating those of a specific age would have to pay for their own care we saw many switch their allegiance. This was also combined with a very successful Labor campaign, particularly through social media.
With the...
Expect substantial volatility today for CAD Rates
In an hour at 9:30am GMT inflation data for the UK economy will be released. Recently the data released from the UK economy has been extremely poor in this area. Inflation actually fell to a negative deflationary number last month but is expected to rebound this morning. Deflation in principle is considered disastrous for an economy. Japan entered a deflationary spiral which is could not escape from for 20 years. An increase in the inflation number this morning will spell Sterling strength and we...
Will GBPCAD rates slip below 1.70?
GBPCAD rates have fallen and could easily fall below the 1.70 mark if we see fresh worse news for the pound and the Canadian dollar keeps performing well. The pound to Canadian dollar rate has already been below 1.70 this year falling in July and August touching 1.66. Expectations that Brexit might not be that bad have helped lift the pound but this is not looking so good now. Market focus is firmly back on the problems likely to be ahead with Brexit and...
Could GBPCAD break into the 1.70s before the referendum? (Dayle Littlejohn)
With the UKs referendum in regards to EU membership only 8 days away the golden question is how far will the Pound fall against the Canadian dollar? Come June 23rd I wouldn't be surprised to see GBPCAD in the 1.79s and then depending on the outcome rates could fall further or increase back towards 2.
Today the UK release their latest Interest Rate decision. There has been speculation if the UK were to leave the European Union the Bank of England would be forced to cut...
Buying Canadian Dollar rates pushing higher ahead of Super Thursday (Joshua Privett)
Buying Canadian Dollar rates have seen a comfortable rise on the exchange rate markets ahead of Super Thursday, the moniker given to describe one of the most important days on Sterling's calendar each month.
This is the release of the Bank of England's interest rate decision, monetary policy statement, and subsequent interest rate decision and quarterly inflation report.
Each of these data releases in their own right has the potential to seriously change Sterling's value against most of its counterparts. All of them released at once is...
GBP/CAD exchange rate rises following mixed day on the markets
GBP/CAD rates have had a rollercoaster day on the markets, with poor data for both the UK and Canada fueling changes on market value. The day started with Sterling weakness but we have since seen the Pound gain a full Cent against the Canadian Dollar as North American markets opened to news of a further fall in oil prices.
UK GDP figures came in very poorly this morning. Analysts were already predicting a fall but expected this to be modest in light of extra revenue...
