Pound to Canadian Dollar Rate Remains Towards the Top of Its Range Despite Fears of Brexit Negotiation Delay

Canadian Dollar drops in line with oil weakness, will GBP/CAD continue to climb? (Joseph...

The Pound to Canadian Dollar rate breached the 1.70 mark once again this morning, after previously hitting that level back on the first day on this month. Mid-market levels of 1.70 are the highest since June of last year, meaning that those converting their Pounds into Canadian Dollars are able to do so at some of the best levels in almost 18-months. The reason behind this can be put down to both Sterling strength as well as CAD weakness, as talks of the 23-year old NAFTA...
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

GBP/CAD rates catapulted back up to 1.95! (Joshua Privett)

A multitude of factors have come together today to allow the Pound to gain a further 2.5 cents against the Canadian Dollar in a single day of trading. To put this in perspective, between the high and the low of today a $200,000 purchase was £1,300 cheaper to achieve on a well timed transfer! Firstly, investors fearful of a volatile Greek crisis has moved into safer currencies such as Sterling, which has artificially boosted its value due to increased demand. This began immediately this morning. Secondly, disappointing...
Pound to Euro Outlook: GBPEUR Rates Reach 4-Week Interbank Highs

GBP/CAD spiking up

GBP/CAD rates have almost hit 8 year highs. This is entirely due to market distortion following the continuously surprises coming out from the Chinese economy. The saga has been going on for a few weeks now, originally the poor news helped the Canadian Dollar compared to its competitors. The Canadian Dollar is not closely linked with China as a trading partner, as such the USD and the Pound were hit harder as both their abilities to raise interest rates in the near future came into question. But the worsening...
Pound Sterling Forecast – Could the Pound Fall Lower Still?

The Trump Effect on the Canadian Dollar vs Sterling (Tom Holian)

US president Donald Trump looks set to introduce a new tax of 10% on Canadian goods coming into the US which has caused problems for exporters north of the border as well as the Canadian Dollar vs Sterling. Many businesses are even now considering moving their premises into the US in order to remove themselves from this potential problem. The central Bank of Canada have spoken out on the issue and have said it will cause a problem if Canadian companies look to move production into...
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...
Gbp to Cad Exchange Rate Hits a 1-Month High as Risk Appetite Returns to Global Markets

Canadain dollar value set to fall

The Canadian dollar has lost ground today off the back of oil prices taking a tumble. Oil is Canada's largest export and there is a direct correlation between oil and the price of the Canadian dollar. However its not oil prices that I would be concerned about if needed to convert Canadian dollars into a foreign currency anytime soon. The Canadian people should be keeping a close eye on US President Donald Trump as the President has been making it clear that he plans to...
Pound Sterling Forecast – Could the Pound Fall Lower Still?

Brexit still key factor in GBP/CAD buoyancy levels (Daniel Johnson)

Brexit Update Theresa May has warned the House of Lords that if Parliament have the opportunity to have the final say on Brexit it could be detrimental to the deal struck. If parliament are given the right to vote it would give EU negotiators further strength. Many peers at The House of Lords are expected to move against May's wishes and demand that parliament will get to vote on the final bill. May's spokesman has stated "If we are in a position where any deal negotiated by...
Oil Prices and Brexit Casuing Volatility for Pound to Canadian Dollar Exchange Rates

Pound to Canadian Dollar rate getting closer to post-Brexit vote lows (Joseph Wright)

When compared with the Canadian Dollar, the Pound isn't in as bad a position as it is when compared with the Euros for example. Since the Brexit vote last June the lowest the GBP/CAD rate has dropped is around 1.5850, and at the moment the Pound to Canadian Dollar rate is trading around 5-6 cents higher than level. The Pound has been fortunate not to fall back to those lower levels as this week the Pound to Euro rate has hit a new post-Brexit vote low,...
Oil Prices and Brexit Casuing Volatility for Pound to Canadian Dollar Exchange Rates

The impact of Article 50 on GBPCAD exchange rates (Dayle Littlejohn

Now that UK Prime Minister Theresa May has triggered Article 50 the question is where next for GBPCAD exchange rates? Yesterday the pound didn't show a steep decline that many economists had predicted and actually rates have dropped by only 1 cent since the Prime Minister sent the letter to Brussels stating the UK would be starting the process of leaving the European Union. Now that the Conservative Government have confirmed they will be giving a running commentary of how negotiations are unfolding, I expect...