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...
How Is COVID-19 Effecting GBP to CAD Exchange Rate?

NAFTA Talks and Oil Set to Dictate Canadian Dollar

The talks regarding the North American Free Trade Agreement are continuing to prove tough as little developments appear to be taking place. President Trump has recently indicated that he is prepared to get rid of the treaty and start again as he believes the deal is not good enough for the United States. Should there to be a stall in the talks the recently strong Canadian Dollar could start to lose many of its recent gains. Due to the Bank of Canada raising interest rates...
Pound to Euro Exchange Rate Outlook: Busy Week Ahead for GBP to EUR Rates

GBP/CAD is likely to continue its long term downward trend (Joseph Wright)

It's almost been a month since the 'Brexit' vote was first announced and GBP/CAD is still trading just off of it's 52 week low of 1.7145, a lower level that was hit on the day of the announcement. The Pound is under pressure for a number of reasons, most notably the step into the unknown as the UK was a member of the EU for almost 4 decades and markets across the board had hoped for a 'Bremain' vote. I think that moving forward we...
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...
Pound to Canadian Dollar Rate Remains Towards the Top of Its Range Despite Fears of Brexit Negotiation Delay

Canadian Dollar Rebounds

Yesterday is now being dubbed as 'Black Monday', as a mass panic sell off of Chinese stocks caused a global rout on the stock markets. Capital previously held as securities in the stock market were sold off and either re-invested elsewhere or stored in a chosen currency. The Canadian Dollar lost heavily as this boosted 'safe haven' currencies such as Sterling, the USD, and more surprisingly the Euro (a result of their recent commitment to financial security and its relative cheapness.) This boosted GBP/CAD, USD/CAD...
GBPEUR: Chances of No-Deal Force GBP to Surrender Gains

Canadian dollar boosted – Canada dodges Trump’s metal tariff

The Canadian Dollar has gained in value over the past few days against most major currency pairs, after some positive news for both Canada and Mexico has been announced regarding the impending US metals tariffs. US President, Donald Trump recently threatened to impose tariffs on metals imported into the US from all countries. His plans consist of a 25% tariff on steel imports and a 10% tariff on aluminium imports which would be very bad news for Canada which is why the currency lost value...
Pound to Euro Outlook: GBPEUR Rates Reach 4-Week Interbank Highs

GBPCAD takes a tumble (Dayle Littlejohn)

This week oil prices have continued to rise and have reached their highest levels since the beginning of February, and a barrall is now above $55.  The Organisation of Petroleum Exporting Countries (OPEC) managed to get all of the countries to cut oil production in a bid to improve the price of oil and that is the reason why we have seen the rise. However it's not all positive news for OPEC as it was only two weeks ago when  Iraqi Prime Minister Haider Al-Abadi...
Canadian Dollar Suffers Seven-Week Low Following the Spread of the Coronavirus

GBP/CAD Rates Continue to Slide (Matthew Vassallo)

GBP remains under pressure ahead of the key EU referendum, with losses against most of the major currencies in recent weeks. This has been particularly apparent on GBP/CAD, with an almost 10 cent drop occurring over the past month. Sterling has found any sustainable improvement hard to come by, with so much uncertainty surrounding a possible Brexit handicapping the Pound. Add to this a steady rise in oil prices over the aforementioned period and it is easier to understand why we have seen such...
Pound to Euro Consolidates Above 1.12 Despite Increased Fear of No Deal Brexit

GBP/CAD rates see slight rise today to continue recent trend (Joshua Privett)

Despite the rise in oil prices catalogued over the past few days, the Canadian Dollar has continued to be outpaced by the recent recovery in the value of the Pound, with a net gain on GBP/CAD throughout the day of 0.25%. Economic data for the UK has continue to impress in complete contrast to the results we were seeing earlier in August. GBP/CAD rallied a full cent last Thursday on the news that the manufacturing sector and the business sentiment surrounding it rebounding by the...