Pound to Canadian dollar exchange rate forecast: Will GBP/CAD rates rise or fall in May?

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...
GBP to CAD forecast: Cross-party talks likely to influence the Pound to Canadian Dollar rate this month

GBPCAD hits fresh over 1.80 highs!

GBPCAD exchange rates have risen to over 1.81 as mounting concerns over the pace of future Canadian interest rate rises were dealt a fresh blow yesterday. In recent weeks concerns of Trump's rhetoric on trade had seen the Loonie dollar lose ground. Yesterday Stephez Poloz, Governor of the Bank of Canada gave a speech in which he hinted at a slower pace of future interest rate rises. The Canadian dollar has in the last year been stronger against all currencies as the BoC embarked ona ...
Trade Deficit Falls, but does not match expectations

Bank of Canada members to set the scene for the Canadian Dollar as the...

Following on from a fairly flat day for Canadian Dollar exchange rates we have a few points of note for you to keep an eye out for if you have Canadian Dollars to exchange in the near future. Two members of the Bank of Canada are speaking today, Governor Poloz is speaking shortly and later on in the trading day we also have BOC Deputy Lane speaking later in the afternoon. Poloz is not expected to raise any large movements, as he speaks at the unveiling of...
Interest rate decision for Canada

Canadian Dollar gains back ground as stock market volatility cools – Inflation next week...

Canadian Dollar exchange rates have gained ground a little over the past few trading days as U.S stock market volatility has cooled a little over the course of the week. We did see another drop during the opening bell in trading yesterday, however there was a fight back and the losses were made up by the end of the trading day. With the USD being so volatile at present it is fairly hard to predict just where CAD exchange rates will head next, as there are...
Brexit continues to dominate the Pound vs Canadian Dollar rate

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 forecast: Where to next for the Canadian dollar?

CAD Exchange Rates ahead of Bank of Canada Rate Decision

The Canadian dollar is likely to be in for a volatile week as the key interest rate decision from the Bank of Canada on Wednesday fast approaches. There is a good chance the central bank will look to raise interest rates by 0.5% to 1.25% which will make this the third interest rate hike since summer 2017. The Bank of Canada raised interest rates twice last year and surprised the markets with the first hike in July on the back of stronger data which...

NAFTA troubles threaten CAD (Daniel Johnson)

NAFTA Renegotiation is a long term threat to CAD. The Canadian dollar could be in for a turbulent year and I think the main cause for concern for Canadian Dollar seller is the renegotiation of North American Free Trade Agreement (NAFTA). Donald Trump is currently very unhappy with the current agreement and feels it should be much more beneficial to the United Sates. This does not sit well with Mexico or Canada, both of which are heavily reliant on exports to the states, their primary export...
Brexit continues to dominate the Pound vs Canadian Dollar rate

What can we expect from GBPCAD in the next week?

The pound has had a volatile few weeks against the Canadian dollar with rates ranging between 1.66 and 1.70 as investors take stock of the upcoming US interest rate hike and also developments in the UK political situation. Current market predictions centre on a stronger pound as Brexit negotiations gain some momentum and the worst fears for the UK and the pound fail to materialise. GBPCAD has hit some fresh highs touching almost 1.70 of late which is some of the best rates we have...
Brexit continues to dominate the Pound vs Canadian Dollar rate

Canadian Dollar Future Still Uncertain over NAFTA

The Canadian dollar remains under pressure following a rocky ride talks in the NAFTA talks. The Canadian dollar has a lot to lose if talks break down and the agreement comes to an end. There have been a number of contentious issues not least the sunset clause which has been called for by the US to allow for termination at the end of the agreed period. Clients looking to buy Canadian dollars with pounds are seeing rates well over 1.69 with levels trying to...
Pound to Canadian dollar forecast: Will GBP/CAD exchange rates drop below 1.70?

Canadian Dollar drops in line with oil weakness, will GBP/CAD continue to climb? (Joseph...

The Pound to Canadian Dollar rate breached the 1.70 mark once again this morning, after previously hitting that level back on the first day on this month. Mid-market levels of 1.70 are the highest since June of last year, meaning that those converting their Pounds into Canadian Dollars are able to do so at some of the best levels in almost 18-months. The reason behind this can be put down to both Sterling strength as well as CAD weakness, as talks of the 23-year old NAFTA...