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

CAD gaining value rapidly

CAD rates have been gathering strength rapidly now that the fallout from Black Monday is beginning to evapourate. For example, GBP/CAD had been as high as 2.098 but we have been catapulted back down to the levels we were seeing last week below 2.05. The Chinese stock markets have closed 5% higher at the end of trading, giving confidence back to the stock market that the slide has stopped. As a result a lot of the money previously stored in safe-haven currencies, such as the...
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...
Will Pound to Euro Rates Gain in September?

GBP/CAD – Potential Market Movers (Daniel Johnson)

Could Boris Johnson provide some clarity on Brexit? Tomorrow we will see Boris Johnson discuss Brexit. This does have the potential to move markets if he provides any clarity on Brexit. I would however be sceptical about him causing a significant rise in Sterling value. The real issues that need to be addressed seem to be being avoided. In order for large games for the pound we need clarification on immigration and trade. Theresa May has already indicated the two year target for exit from...
Pound to Euro Outlook: GBPEUR Rates Reach 4-Week Interbank Highs

Will GBPCAD rise back above 1.70?

The ability to buy Canadian dollars above 1.70 two weeks ago was an opportunity we did describe as well worth capitalising on. There is an overall belief that the pound will continue to display signs of weakness and the economic conditions are more supportive for the Canadian currency. I stand by these sentiments and whilst there are potentials for a surprise shift back above 1.70 the wind looks to remain with CAD sellers. Whilst the US dollar strengthened against the Canadian dollar weakening the Loonie...
Pound to Euro Outlook: GBPEUR Rates Reach 4-Week Interbank Highs

As expected GBP/CAD rates remained at 1.96

Yesterday was largely uneventful for the Canadian Dollar. Few data releases on either side of the Atlantic saw the situation in Greece dominating the relationship between most currency pairs. While the Greek delegation suddenly showed themselves to be more conciliatory in their run-up to their referendum on July 5th, offering new terms, and rumours that they were more open to accepting further cuts flourished. However, with nothing concrete announced, rates refused to move below or above 1.96 for GBP/CAD as no more capital flowed in...
Will Pound to Euro Rates Gain in September?

Sterling slips as weak inflation data puts a question mark over a Bank of...

Those hoping the Pound would receive a boost this morning were left disappointed as this weeks key piece of economic data out of the UK failed to meet expectations. The data released this morning at 9.30am showed that the rate of Inflation has surprisingly dropped over the last month, and this has lowered the chances of an interest rate hike from the Bank of England. Many had expected to see the BoE look into raising rates in order to weather the negative effects on the UK...
Canadian Dollar Saved by Inflation Target Being Met but Outlook Looks Worrying

What can we expect next for GBPCAD exchange rates?

The pound to Canadian dollar has changed dramatically in the last month principally as the Canadian dollar strengthens on the back of a much higher price of oil. The expectation is that the price of oil could rise even further in the coming weeks as investors strive to recalculate the overall values given new information on where this important commodity may go. Canada's main export is oil which is why the value of the Loonie dollar is so heavily influenced by changes in the price...
Brexit and Coronavirus Weigh on GBP as Oil Price Collapse Causes CAD Value to Fall

GBP/CAD rates still falling

It seems that much of the bad news which is weakening the CAD and strengthening GBP/CAD rates are the result of long-term projections, most of which can easily be solved in the short term before these issues come to the fore. This article explains that the CAD may weaken in the short-term, but these will not be long-term. Data releases next week on Canadian manufacturing and foreign investment figures will likely change this recent trend. Read inside to get an up to date forecast and advice on how to maximise the return on your GBP/CAD transfer.
Pound to Euro Exchange Rate Outlook: Busy Week Ahead for GBP to EUR Rates

Sterling drops to its lowest level since the ‘Flash Crash’, will the drop continue?...

Sterling exchange rates have experienced another turbulent afternoon of trading after comments from two prominent UK figureheads have weighed on the Pounds value once again. After quietly recovering some of its recent losses the Pound dropped in value within a matter of moments, wiping away those gains after the governor of the Bank of England (BoE), Mark Carney announced that the BoE cannot ignore the significant drop in Sterling's value. Many instantly conveyed thee comments as a reference to another potential  interest rate cut next week,...
GBPCAD Rates: Lack of Faith in the Pound Highlighted by Oil Crisis?

Further Oil slides weaken CAD

The Canadian Dollar has come under further pressure through the day's trading. Oil prices continued to fall as a panicking market is selling off any securities and futures they are holding, causing CAD value to suffer. Since 'Black Monday', and the subsequent yo-yo-ing of the stock market which proved it was not just a 'blip' or an 'anomaly', investors have been panicking about sudden falls in the value of their holdings. As a result, many are selling off futures, one of the principle futures being...