GBP/CAD Exchange Rate Dipped as the Market Prepared for Election, Tory Win Means GBP Has Cashed Back In

Where next for CAD? (Daniel Johnson)

Could we see further gains for CAD? The Canadian dollar has performed well at the start of November, dropping as low as 1.65 against Sterling. Although there are worries surrounding trade between the US and Canada (the US is Canada's biggest trade partner)  I am still of the opinion there could be further losses for the pound. The major threat for Sterling short term is a mutiny within the conservative party. There are now as many as forty MP's who are willing to put forward a...
Pound to Euro outlook Election uncertainty and Brexit hold Sterling to a tight trading range

CAD rates subject to FED decision

CAD exchange rates are likely to see some volatility today following the US interest rate decision. Whilst this event is not in Canada itself, this is expected the be the first interest rate rise since the financial crisis for any country in the Western world, so financial ripples should affect the entirety of the currency markets - including CAD's value. The Canadian Dollar is set to be pulled in either direction from the news - depending upon how much the FED raise rates, or whether they...
Pound to Canadian Dollar exchange rate Volatility expected for GBPCAD rates ahead of Canadian general election

Quiet end to the year for the Pound vs the Canadian Dollar? (Tom Holian)

The Pound vs the Canadian Dollar has remained in a very tight range during the course of the week as the festive season draws ever closer. With few economic data releases coming in the short term I think we could see GBPCAD exchange rates remain in a very tight range until the end of the year which means if you're comfortable with exchanging money at these levels it may be worth getting things organised. The Pound has generally speaking had quite a positive year against the...
Pound to Canadian Dollar Forecast Steady Tone for the Canadian Dollar Ahead of Key Domestic Data Due This Week

When is the best time to buy Canadian dollars?

The pound to Canadian dollar exchange rate had been improving at a rapid pace, improving in 2018 by over 14 cents presenting some of the best rates to buy Canadian dollars since the Referendum. The overall expectations for the pound are to see further improvements as we get further clarification on the Brexit and also interest rates. The Canadian dollar has been strengthening owing to the rising price of oil which has seen the Canadian dollar strengthen owing to oil being one of its major exports. The...
Pound to Canadian Dollar exchange rate Volatility expected for GBPCAD rates ahead of Canadian general election

GBPCAD spikes on weaker Oil prices

The price of buying the Canadian Dollar has improved lately as a weaker Oil price sees the Canadian dollar weaker. Canadia relies heavily on Oil exports and the strength and weakness of the Canadian currency is closely linked to the performance of Oil prices. Most commentators believe that the price of Oil should rise again so this could be a short-term spike GBPCAD buyers should be taking advantage of. The situation has also improved for Loonie buyers as the pound finds some strength ahead of the...
Pound to Canadian Dollar exchange rate Global trade tensions and Brexit to drive GBPCAD rates

Will GBPCAD rise above 1.80 or sink below 1.70?

GBPCAD rates have improved to some of the best levels since the Referendum as the pound is looking more confident going into the Brexit negotiations. Overall expectations for the pound are much improved as investors eye a softer Brexit which should retain access to the Single Market or the Customs Union. Whilst the Canadian dollar may well strengthen owing to some fundamental reasons which drive its performance, sterling looks to have the upper hand for now. Oil prices and the prospect of further interest rate...
Pound to Canadian Dollar rate hits 20 month low could further falls be in store for the Pound

Oil slide reverses CAD gains

The Bank of Canada interest rate decision this afternoon and their monetary policy statement was largely a non-event and was completely overshadowed by slashed oil prices, causing CAD to weaken on the markets. Oil prices were slashed back to the lows of April as forecasted demand for oil over the next few months subsided. This was a combination of increased oil supply from Iran and an increase in US oil stocks by 8 million more barrels than previously estimated. The more than 1% gain for CAD against its...
GBPEUR rate remains steady as markets await the Autumn Budget

Will uncertainty surrounding the UK government push the Pound lower? (Joseph Wright)

The Pound to Canadian Dollar rate, despite trading within quite a wide range over the past year is actually flat on an annualised basis, after the Pound has lost quite a lot of value in recent weeks due to mounting pressure on the UK's Prime Minister. There are apparently dozens of Conservative MP's that are prepared to sign a vote of no-confidence against the current PM which is putting pressure on the Pounds value, and recently it's fallen against the majority of major currency pairs. At...
The Canadian Dollar Celebrates USMCA Deal but Investors Are Cautious Following Poor Jobs

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...
GBP/CAD Exchange Rate Dipped as the Market Prepared for Election, Tory Win Means GBP Has Cashed Back In

Will GBP continue to rebound against CAD? (Joseph Wright)

A quick look at a 1 month chart on GBPCAD is encouraging for potential Sterling sellers, as since the middle of April the Pound has been steadily gaining with GBPCAD now trading  5 cents higher at 1.8606 at the central level. Despite the Pounds recent rebound against a basket of other major currencies beginning to fizzle out, GBP’s current relationship with CAD is somewhat different as the Loonie is being pushed downwards for its own reasons and this has cancelled out any Sterling weakness over...