GBP to CAD woes continue Could this month see the pair reach a 2 year low?

GBP to CAD rate over 1.75 as Brexit withdrawal approaches on 29th March

The pound to Canadian dollar exchange rate is trading at the highest levels since June of last year creating a good opportunity for those looking to buy Canadian dollars. There has been a good move higher for GBP to CAD rates on optimism that a deal will be reached between Britain and the EU over Brexit. UK Attorney Geoffrey Cox was in Brussels yesterday with Brexit Secretary Stephen Barclay meeting the EU’s chief negotiator Michel Barnier. The markets have been poised for a breakthrough...
Pound to Canadian Dollar predictions: Factors that will impact Pound to Canadian Dollar exchange rates

Will GBP/CAD break 1.76 and could the BoC interest rate decision influence CAD exchange...

After a slight sell-off yesterday the Pound to Canadian Dollar exchange rate has started the day well, with the pair lodged just below 1.76 at the time of writing. The GBP/CAD rate has recently found resistance around this benchmark, although throughout the past year we have seen the pair climb as high as the 1.84's so I believe that we could see the GBP/CAD rate break 1.76 and test 1.80 again should we see a boost to Sterling or CAD weakness. Brexit still key driver for...
Pound to Canadian Dollar exchange rate forecast Will GBPCAD rates fall further?

Pound to CAD forecast: Could Canadian Dollar value fall?

Canada's fall in exports could affect Pound to CAD forecast Even with the lack of clarity surrounding Brexit Sterling has made moderate gains against the Canadian Dollar since August of last year. This has certainly not been without setbacks for those looking to purchase the Canadian Dollar with Pounds. The probability of a no deal scenario rising and falling has caused volatility on the exchange. We have also seen the chances of a rate hike fluctuating and the same can be said on oil price, Canada's...
Pound to Canadian Dollar outlook New British PM on Wednesday how could this affect GBPCAD rates?

Canadian Dollar vs Pound Forecast as Canadian economy under pressure

Canadian Dollar Weakness against the Pound The Pound has made some very positive gains vs the Canadian Dollar during the course of this week and has seen a gain of 2%, or the difference of £1,100 on a currency transfer of CAD$200,000. The Pound had been falling recently but has managed to rebound touching close to 1.73 on Thursday. A month ago the Bank of Canada had been saying that with low oil prices and a slowing in the housing market this has been having a negative...
Sterling Forecast: Pound rises as Theresa May enters her possible breakthrough day

GBP to CAD rates slide lower amidst Brexit uncertainty

GBP to CAD exchange rates have rallied higher this week with rates for the pound to Canadian dollar pair breaking briefly over 1.72. The GBP to CAD rates are largely being driven by developments over Brexit and the markets are speculating as to where the final destination of Brexit will lead. At the moment the EU are reluctant to change the withdrawal agreement that has been agreed between the EU and UK, having shown no signs to commit to doing so. creating some uncertainty...
Pound to CAD rates: Fears over a no-deal Brexit starting to resurface

Pound to CAD rates: Fears over a no deal Brexit starting to resurface

Pound to CAD rates have fallen this week, with the Pound losing approximately two and a half cents against the Loonie. The Pound was trading close to 1.75 and at one stage last week and looked as if it may finally make some inroads above 1.75. This has proved to be a key resistance barrier for Pound to CAD rates in recent weeks and continues to provide plenty of protection for those clients holding CAD. However, as so often has been the case during the...
Pound to Canadian Dollar exchange rate forecast Will GBPCAD rates fall further?

Pound to Canadian dollar rates ahead of Parliamentary votes on Brexit

Pound to Canadian dollar rates face a volatile few days ahead as developments over Brexit continue to drive the GBP to CAD pair. Today the Speaker in the House of Commons will choose from a series of amendments that have been put forward for Parliament to vote on. There are two amendments in particular that are likely to attract attention from the markets. The Yvette Cooper / Nicholas Boles amendment which seeks to delay Article 50 could take a no deal Brexit scenario off the...
Pound to Canadian Dollar outlook New British PM on Wednesday how could this affect GBPCAD rates?

Could fears of a global slowdown have a negative effect on the Canadian Dollar?

The global economy is in focus this week as the annual Davos world economic forum is taking place. The obvious key talking points will surround the US - China trade talks along with Brexit, which are two matters that could have a heavy impact on the GBP/CAD exchange rate. Brexit latest news Brexit related updates are coming through thick and fast as the time to arrange the process of the UK leaving the EU runs out. UK Prime Minister, Theresa May's deal was voted against by...
Canadian unemployment figures key for Canadian Dollar exchange rates

Canadian unemployment figures key for Canadian Dollar exchange rates

This week has been fairly quiet in terms of economic data, but the year should start to get in full swing today as we have the release of Canadian unemployment figures. Expectations are for the unemployment rate in Canada to have crept up a little from 5.6% to 5.7% which would be seen as a slight negative for the Canadian Dollar should the release come out as analysts have predicted. Unemployment appears to be the key focus of the day globally as we also have the...
Sterling continues to slide as no deal concerns remain

GBP to CAD forecast: Brexit continues to be the key factor

Brexit: What Next? The lack of clarity surrounding Brexit continues to impact the GBP to CAD forecast, holding back Sterling against the Canadian Dollar. The current situation does not bode well for Sterling. Theresa May has postponed the Parliamentary vote on her deal due to rumours circulating there is a significant short fall of MPs willing to back the deal. May's intention is to renegotiate the current deal with Brussels, however President of the European Commission, Jean-Claude Junker has stated there will be no further concessions...