GBPCAD Rates: Lack of Faith in the Pound Highlighted by Oil Crisis?

NAFTA Uncertainty causes CAD weakness (Daniel Johnson)

NAFTA wieighs heavily on CAD CAD has struggled against the Pound of late. The uncertainty surrounding the renegotiation of the North American Free Trade Agreement (NAFTA) has weighed down the looney. If there is one thing the currency market does not react well to it is uncertainty. The deal in place with Canada, Mexico and the United States is being renegotiated due to Trump's unhappiness with the current criterion on regulations. He has gone as far as to state it is disastrous and threatened to leave...
Pound to Euro Exchange Rate Outlook: Busy Week Ahead for GBP to EUR Rates

NAFTA Deal and the impact on Sterling vs Canadian Dollar exchange rates (Tom Holian)

The North Atlantic Free Trade Agreement has been a hot topic over the last few months and the uncertainty surrounding the issue has caused the Canadian Dollar to weaken recently. US President Donald Trump has stated in the deal 'Canada has treated us very, very unfairly when it comes to lumber and timber.' However, Trade Chief Robert Lighthizer has said that things are progressing and 'we're making real headway.' Trump has been very outspoken about the trade deal but Lighthizer appears to be a lot...
Sterling Declines Ahead of EU-UK Trade Negotiations

Will the Canadain dollar continue to fall?

In recent months the Candadian dollar has been under severe pressure due to the ongoing NAFTA negotiations and in recent weeks the fall in global stock markets. A fall in global stock markets has meant that the price of oil has also fallen which has put pressure on the Canadian dollar as oil is Canada's most lucrative export. The Canadian dollar has now lost most of the gains created from the second half of 2017, due to the interest rate hikes from the Bank of...
Pound to Euro Outlook: GBPEUR Rates Reach 4-Week Interbank Highs

CAD/USD and CAD/GBP continues to decline

Its been a slow week for the Canadian dollar vs the US dollar as US stock markets tumbles throughout Monday and early Tuesday morning. Economists are trying to put their finger on why the stock market crashed and many are suggesting the recent jobs data in the US coupled with the incoming new Chair of the Fed Jerome Powell are the main reasons. It now looks likely that the Fed will raise interest rates at their next meeting in March, and investors are therefore selling...
Pound Sterling Forecast – Could the Pound Fall Lower Still?

Could NAFTA face Derailment? (Daniel Johnson)

Trump threatens NAFTA Deal The North American Free Trade Agreement (NAFTA) is concerning for the Canadian economy. There is a heavy reliance on the US buying Canada's exports and the NAFTA agrrement has proved very beneficial to Canada. Donald Trump has however called the arrangement the worst trade deal in history and thinks the US should get a lot more out of the deal. Trump's demands have been described as unrealistic and talks have been problematic and lengthy. There seems to be little in the...
Pound Sterling Forecast – Could the Pound Fall Lower Still?

Canadian Dollar remains vulnerable due to NAFTA talks (Daniel Johnson)

Trumps demands are unrealistic in regards to NAFTA The Canadian Dollar lost ground against the majority of major currencies recently following poor retail sales and inflation data. There is also the matter of the renegotiation of the North American Free Trade Agreement (NAFTA). Donald Trump feels that the current agreement is not beneficial enough for the US and has called Canada and Mexico to the negotiation table. The uncertainty surrounding the outcome of the deal is putting pressure on the Canadian Dollar. There is even the...
Pound to Canadian Dollar Drifts Lower as Global Sentiment Improves

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...
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...
GBPCAD Rates: Lack of Faith in the Pound Highlighted by Oil Crisis?

CAD Forecast – NAFTA Talks Likely to Drive GBP/CAD Value (Matthew Vassallo)

GBP/CAD rates have levelled out following a positive move for Sterling earlier this week. The pair is now trading just above 1.75, with Sterling making inroads again the majority of the major currencies during the early part of the trading week. This positive move came despite the Canadian economy remaining strong in the eyes of investors, with a run of positive economic data supporting this theory. However, despite this positive perception the CAD has actually struggled against the Pound of late, making little impact against its...
Pound Sterling Forecast – Could the Pound Fall Lower Still?

Will the Pound continue to climb vs the Canadian Dollar, and what factors could...

The Pound has been climbing against all major currency pairs recently, after sentiment has improved surrounding the UK economy quite dramatically in recent weeks. It seemed to get a shot in arm a few weeks back when both Spain and the Netherlands announced that they want post-Brexit conditions to remain conducive to business continuing as normal. Since then hopes of a transitional deal have increased with some major media outlets in the UK jumping the gun and announcing that the deal and the conditions involved had...