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

Canadian Dollar Looked to Finish off the Year With Positive GDP Data, Whilst GBP...

The Canadian Dollar has performed well over the past few weeks, with the most notable news arriving in the form of the over-performing inflation data which was released last week. This gave the CAD a significant boost and lowered the bets of an interest rate cut in early 2020. However, the bets still sit at around a 50% chance, so investors are remaining cautious. For the GBP, a revision in the Q3 GDP data saw a rise from 0.3% to 0.4%, giving a last-minute...
Pound Stronger vs Canadian Dollar this Morning

Pound to Canadian dollar predictions: What to expect this month

Pound to Canadian dollar exchange rates have been falling since this start of May and I expect this trend could continue throughout July. In the last 2 months pound to Canadian dollar mid market exchange rates have dropped over 11 cents making a CAD$250,000 purchase £9,650 more expensive. The pound has had a tough couple of months, due to the ongoing Brexit Saga. UK Prime Minster Theresa May announced her departure and the leadership contest is now whittled down to two, with Brexiteer...
Canadian Dollar Suffers Seven-Week Low Following the Spread of the Coronavirus

Pound to Canadian Dollar rates near 1-year highs

It has become much better for those buying Canadian dollar over the last couple of weeks as lower prospects of a no-deal Brexit have encouraged investors to seek the pound as a longer term investment, with Pound to Canadian Dollar rates near 1-year highs. There is also increased prospects of some kind of Brexit deal being struck, one way or another. The Canadian dollar has also been slightly weaker as there is less chance of the Bank of Canada seeking to raise interest rates. This...
Will GBP/EUR Rates Rise or Fall Ahead?

GBP to CAD forecast: All eyes on tomorrow’s key vote on the Brexit deal

We're now less than 3 weeks away from the UK's expected departure date from the European Union, with this week being arguably one of the most important regarding the Brexit plan, as many following the news will be aware. Despite calls for UK Prime Minister Theresa May to once again postpone the meaningful vote on her Brexit deal, the vote is still expected to take place tomorrow evening and although Mrs May isn't expected to lose by such a substantial margin this time, analysts are...
GBPCAD Rates: Lack of Faith in the Pound Highlighted by Oil Crisis?

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 Rate Remains Towards the Top of Its Range Despite Fears of Brexit Negotiation Delay

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...
Gbp to Cad Exchange Rate Hits a 1-Month High as Risk Appetite Returns to Global Markets

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...
Canadian Dollar Saved by Inflation Target Being Met but Outlook Looks Worrying

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 Euro exchange rate: GBP/EUR rate hits best level since early June

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...