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

GBP/CAD Rates climbing once more – 1.94 Reached briefly this morning

This kind of volatility is frankly surprising. Most analysts were expecting the rates to settle down after the shock announcements dealt with on this website during Friday's trading session. The rates are moving up because of some poor news expected this afternoon about the long-term projections of the American economy, and their trade relationship with Canada. But to move the rates up by almost two cents in a single morning of trading is disproportionate to how important this data release is frankly. Markets on...
Pound Stronger vs Canadian Dollar this Morning

GBP/CAD rates fall as markets digest the news from last week (Daniel Wright)

From briefly hitting 1.95 on Friday, GBP/CAD rates have fallen to 1.93 in a single morning of trading and seem to still be falling. There are a few reasons why, but those who have a Canadian Dollar requirement over the next few months, should consider their options. It would take quite a monumental data release like the one last week to shift rates up to 1.95 again. As we have seen today it is difficult for the rates to even stay at that level...

*Breaking News* – GBP/CAD Rates Soar – Close to 1.95 and climbing! (Joshua Privett)

Shock news as severely poor Retail Sales figures for the Canadian economy came in this afternoon. The consensus among analysts was to expect a 0.7% increase for sales in the retail sector, instead a contraction of 0.1% was recorded. GBP/CAD rates are now at a 7 year high, surpassing the previous 6 year highs recorded last month. Inflation data came in much more positively than expected. For the next year it had previously been forecasted at 2.1% but has now been revised higher to 2.2%. While this...
Pound Sterling Forecast – Could the Pound Fall Lower Still?

GBP/CAD Best rates – CAD strengthens as UK trading markets open

This morning the markets have been open a mere few minutes and those looking to buy CAD have already lost half a cent on the exchange rate. Even with all the capital flying into Sterling with the potential of a Grexit in the Eurozone, the Canadian Dollar is one of the few major currencies to be strengthening against the Pound at the moment. This suggests that the data to be released at 1:30pm GMT today will likely be more positive than expected. The post below...
Gbp to Cad Exchange Rate Hits a 1-Month High as Risk Appetite Returns to Global Markets

GBP/CAD rates peaking ahead of data releases tomorrow? (Daniel Wright)

GBP/CAD rates rocketed and settled just below 1.94 as markets were astounded by the rally Sterling had on Wednesday following strong wage growth data. The reason why the effect was so strong was two fold. Firstly, wage growth is arguably the most important factor Central Banks look at when deciding the base interest rate for an economy. These current and historically low interest rates were introduced following the financial crisis to stimulate spending and keep the economy going in the depths of recession. Why save...
Oil Prices and Brexit Casuing Volatility for Pound to Canadian Dollar Exchange Rates

GBP/CAD Rates almost hit 1.94! (Joshua Privett)

Yesterday was an extraordinary day for Sterling. Most analysts were expecting the FED interest rate decision to govern Canadian Dollar rates. As the US is Canada's largest trading partner, any important economic information released from there has an indirect effect on Canadian Dollar value. But rather than poor US data weakening the CAD, it was strong UK data which increased the value of the Pound across the board against all major currencies. The dark horse data release that no analysts had even hinted at, was...
Pound to Canadian Dollar outlook Will Sterling struggle against the Canadian Dollar?

Flood of data today should affect CAD only indirectly

Ahead of Friday, where we'll get a transparent look into the Canadian economy through the release of their retail sales figures and their inflation data, today will see a flood of data from the EU, the UK and the US, which will see EUR-CAD, GBP-CAD, and USD-CAD experiencing severe volatility. Monetary policy statements will be announced for the UK and US economies. Markets will be looking for some indication about when interest rates will be raised in both economies. Both have had worries about current...
Pound to Canadian Dollar Outlook: BoC Interest Rate Cut Bets Soar as Oil Prices Sink CAD

Expect substantial volatility today for CAD Rates

In an hour at 9:30am GMT inflation data for the UK economy will be released. Recently the data released from the UK economy has been extremely poor in this area. Inflation actually fell to a negative deflationary number last month but is expected to rebound this morning. Deflation in principle is considered disastrous for an economy. Japan entered a deflationary spiral which is could not escape from for 20 years. An increase in the inflation number this morning will spell Sterling strength and we...
Pound to Canadian Dollar Outlook: BoC Interest Rate Cut Bets Soar as Oil Prices Sink CAD

GBP/CAD and EUR/CAD rates still very tempting…

A busy week ahead for data releases in the Canadian economy, as well as other major countries which will affect Canadian Dollar exchange rates against Sterling, the Euro and the US Dollar. Today Canadian Manufacturing Shipment Data will be released for the Canadian Economy. This is normally seen as a measure of demand for Canadian Goods. This data is normally a positive reflection for the Canadian economy. However, because oil prices have slumped, and price competition from the Middle East has seen Canada lose some...