Trump trade optimism sends the Pound to AUD rate lower

Canadian Dollar slips as Trump makes new NAFTA surprise!

The Canadian Dollar has lost value today after a surprise comment from the US' White House chief economic adviser. Larry Kudlow is chief economic adviser to the White House so he has a close relationship with US President Donald Trump. Today Kudlow confirmed that Trump wishes to negotiate separate bilateral deals with Mexico and Canada. The reason for the market reaction is due to this coming as a surprise, and also the change it will bring if it goes ahead. The current plan in place...
Brexit and Coronavirus Weigh on GBP as Oil Price Collapse Causes CAD Value to Fall

GBP/CAD flat with both currencies weakening (Joshua Privett)

Sterling is down against all major currencies today with GBP/CAD being the only exception. News that foreign investors are pulling out of the UK steel industry is essentially being seen as a vote of no-confidence by the international community that the UK economy will be seeing a turnaround anytime soon. As a result the average drops on the Pound against most major currencies has been about 1% each day. The only reason that GBP/CAD rates have only seen minor drops is that the drop of oil prices...
Pound to Canadian Dollar Rate Remains Towards the Top of Its Range Despite Fears of Brexit Negotiation Delay

Pound to Canadian Dollar exchange rates seeing steady drop (Joshua Privett)

Pound to Canadian Dollar rates have seen marginal drops this morning following similar but larger falls the day before, with the Canadian Dollar strengthening following oil price jumps. Just this morning after the US attack on a Syrian Government airbase, oil prices have jumped by 2% with speculative fears that increased US involvement in the Middle-East once more may result in increased disruption to future oil supply. Apart from showing how volatile currencies connected to commodity prices can be, this was also a stark reminder of...
Pound to Canadian Dollar Drifts Lower as Global Sentiment Improves

Canadian Dollar enjoys heavy strength following monetary policy statement (Joshua Privett)

Yesterday the Canadian Dollar was the focal point of a stir in the currency markets, with GBP/CAD collapsing instantaneously before correcting back upwards following news of lowered growth forecasts for the Canadian economy. In a mixed day for the loonie, its value initially surged following a further rally on oil prices suggestive of some stability returning to the sector. Before correcting backwards with the monetary policy statement from the Bank of Canada suggestive of a tentative outlook in the near future. Oil prices have begun to rally...

CAD Forecast – Canadian GDP Figures Boost the CAD’S Value Further (Matthew Vassallo)

The CAD has found a new lease of life over recent weeks, with another positive move during Tuesday’s trading. CAD/GBP rates have spiked by around a cent and a half, following the release of today’s attest Gross Domestic Product (GDP) figure. Canada’s economy has grown by 0.4%, with the official figure coming in above the markets predicted result of 0.3%. This healthy reading is the culmination of a run of strong economic data, which has helped to boost investor confidence in the Canadian economy over recent weeks. This...
Will Pound to Euro Rates Gain in September?

Relatively quiet day for data releases affecting GBP/CAD has markets looking ahead

As the title suggests we are expecting a relatively quiet day on the markets in general for rate movements. The last thing I will do is discount the possibility of surprises. Over the past few months the markets have been riddled with them. Today is also one of the last days before the referendum this weekend in Greece can be halted in favour of a deal between Greece and its creditors. Should this be achieved I expect GBP/CAD rates to fall following the sudden...
Pound to Canadian Dollar Drifts Lower as Global Sentiment Improves

Pound to Canadian Dollar exchange rates still seeing tentative rises ahead of Article 50...

Pound to Canadian Dollar exchange rates have had fresh life breathed into them recently, complimenting the recovery which started from reduced oil prices in January. Rates are now 10 cents higher than they were in January, a staggering turnaround from what had been a 23 cent drop in the same period following the Referendum, and there is still a high level of optimism surrounding the UK at the moment - relatively speaking. The key focus over the next 48 hours is the triggering of Article 50...
Pound to Euro Consolidates Above 1.12 Despite Increased Fear of No Deal Brexit

Suggestions of an interest rate hike lead to Canadian Dollar strength (Daniel Wright)

We have seen a good period of strength for the Canadian Dollar today following on from comments by the Bank of Canada Governor Stephen Poloz, suggesting that we may see an interest rate hike for Canada sooner than had first been expected. The central bank mentioned in their comments that they now believe that interest rate cuts which were made in 2015 have seemingly done their job and that the economy is now starting to pick up at a good solid pace. The chance of an...
Brexit and Coronavirus Weigh on GBP as Oil Price Collapse Causes CAD Value to Fall

GBPCAD forecast – BREXIT, NEW PM,

The value to buy the Canadian Dollar has been relatively steady over the last 56 trading sessions. Yes there has been volatility however these seem to have mirrored themselves with a day of gains and a day of losses, resulting in rates today being similar to this time last week.  Moving forward I expect this to continue which normally would mean timing a trade is not that important, however don’t assume that is correct. The movements we are seeing, even though they are not...
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...