Gbp to Cad Exchange Rate Hits a 1-Month High as Risk Appetite Returns to Global Markets

Loonie strengthens due to NAFTA negotiations

Yesterday morning the Canadian dollar made substantial gains against the US dollar as reports were released that the White House want to put forward a preliminary NAFTA framework on the 13th April at the Peru summit. Any news that President Donald Trump will not be scrapping the NAFTA agreement is good news for clients selling Canadian dollars. For news as it unfolds and how it is impacting your currency pairings feel free to email me on drl@currencies.co.uk to lodge your requirements. In other news Canada are...
GBP to CAD Rate: Sterling Gains Against the Canadian Dollar Ahead of Bank of Canada Statement

GBPCAD rises due to transitional period

So far this week the pound has gone from strength to strength against the Canadian dollar as the UK and EU came to an agreement in regards to the transitional period. Since the start of trading on Monday GBPCAD has risen The key points from the transition was that the transition itself will last 21 months, and Theresa May gave into EU demands as she announced she will give full rights to EU citizens that arrive in Britain if they arrive within the transition. In...
Canadian Dollar Suffers Seven-Week Low Following the Spread of the Coronavirus

Sterling hits best rate to buy Canadian Dollars in 21 months (Tom Holian)

The Canadian Dollar has continued to weaken across the board hitting fresh lows against Sterling during the course of this week. The Loonie has fallen after Bank of Canada Governor Stephen Poloz suggested that further interest rate hikes may come slower in order to allow the economy to grow without causing inflationary pressures. The Canadian Dollar has struggled a lot in the last few months partly triggered by the ongoing uncertainty caused by the NAFTA talks which are still far from being sorted. Fears of a trade...
Gbp to Cad Exchange Rate Hits a 1-Month High as Risk Appetite Returns to Global Markets

Will fears surrounding the Canadian Dollar cause it to drop further? (Joseph Wright)

Those of our readers following the Canadian Dollars value will be aware of the potential downsides to the currency's value should there be amendments to the NAFTA agreement. Seventy percent of the countries trade is with the US so if US President, Donald Trump does force through amendments to the current North American Free Trade Agreement (NAFTA) like he's warned, I think there's a chance we could see the Canadian Dollar drop in value. There has been some relief for the Loonie over the past week...
Sterling Declines Ahead of EU-UK Trade Negotiations

Canadian dollar boosted – Canada dodges Trump’s metal tariff

The Canadian Dollar has gained in value over the past few days against most major currency pairs, after some positive news for both Canada and Mexico has been announced regarding the impending US metals tariffs. US President, Donald Trump recently threatened to impose tariffs on metals imported into the US from all countries. His plans consist of a 25% tariff on steel imports and a 10% tariff on aluminium imports which would be very bad news for Canada which is why the currency lost value...
How Is COVID-19 Effecting GBP to CAD Exchange Rate?

Bank of Canada members to set the scene for the Canadian Dollar as the...

Following on from a fairly flat day for Canadian Dollar exchange rates we have a few points of note for you to keep an eye out for if you have Canadian Dollars to exchange in the near future. Two members of the Bank of Canada are speaking today, Governor Poloz is speaking shortly and later on in the trading day we also have BOC Deputy Lane speaking later in the afternoon. Poloz is not expected to raise any large movements, as he speaks at the unveiling of...
Pound to Canadian Dollar Outlook: BoC Interest Rate Cut Bets Soar as Oil Prices Sink CAD

NAFTA discussions cause problems for the Canadian Dollar vs the Pound (Tom Holian)

Although Sterling has been struggling during the last fortnight against a number of currencies owing to the political uncertainty caused by the ongoing saga of the Brexit the Pound has remained very strong vs the Canadian Dollar. The Canadian economy is heavily influenced by what happens with their relationship south of the border and although the US economy is performing very well and oil prices have been rising the Canadian Dollar has still weakened. The problems with the NAFTA deal are still not yet resolved and...
Pound to Canadian Dollar Outlook: BoC Interest Rate Cut Bets Soar as Oil Prices Sink CAD

Canadian GDP (Growth) figures key for how we see CAD end the week

It has not been a great week for the Canadian Dollar against most majors, seeing a slight dip in value over the course of the week. The Canadian Dollar was actually the worst performing of all the major currencies on Tuesday and it does appear that investors have slight concerns on how growth figures (released tomorrow) are due to come out. Expectations are for month on month figures for December to post a figure of a mere 0.1% growth from 0.4% last time around, which would more...
GBPCAD Rates: Lack of Faith in the Pound Highlighted by Oil Crisis?

20 month high to buy Canadian dollars with pounds!

The Canadian dollar has weakened which is presenting some of the best rates to buy the Loonie dollar with pounds since before the Referendum vote back in 2016. Sterling has risen on the back of increased positive sentiments relating to the Brexit which has seen the pound boosted against all currencies across the board. There have been some very important meetings on Brexit taking place between the Government in the UK where a position on Brexit has been formulated and might well be outlined to...
Pound Sterling Forecast – Could the Pound Fall Lower Still?

Economic data that may impact Canadian Dollar exchange rates for the end of the...

The recent drop in oil prices has led to weakness for the Canadian Dollar, we have seen oil prices fall in value by $5 per barrel over the past month which is starting to weigh down on the value of the Canadian Dollar. Canada's economy does have oil as one of its key exports so any negative move on oil prices can impact both the Canadian economy and lead to weakness for the Canadian Dollar too. This afternoon at 13:30pm GMT we have the release of...