GBPEUR Sinks Again with Virus Case Surge

CAD continuing to strengthen

It seems that CAD rates are continuing to move higher following recent losses. Even news that oil prices had dropped following poor Chinese data wasn't enough to stop GBP/CAD from falling back into 2.01 for the first time since July. Previously the Canadian Dollar had been weakening with news coming out of China about a severe slow-down in their manufacturing sector last month - growing at the slowest recorded pace in the last three years. This caused further falls in oil prices as demand for the...
GBPEUR Heads Lower After Data, BoE Comments

GBP/CAD rates balancing out

The slide in GBP/CAD rates over the past few days seems to have halted around the 2.03 mark. CAD strength has played a major part in this reversal of fortune where rates briefly hit 2.098 following the event of Black Monday. Stock markets have recovered since, and state intervention  in the Chinese economy has been received well by markets, as a result a more positive outlook for global growth has pushed up oil prices - a key factor in CAD strength and has weakened GBP/CAD as...
GBPCAD Rates: Lack of Faith in the Pound Highlighted by Oil Crisis?

CAD gaining value rapidly

CAD rates have been gathering strength rapidly now that the fallout from Black Monday is beginning to evapourate. For example, GBP/CAD had been as high as 2.098 but we have been catapulted back down to the levels we were seeing last week below 2.05. The Chinese stock markets have closed 5% higher at the end of trading, giving confidence back to the stock market that the slide has stopped. As a result a lot of the money previously stored in safe-haven currencies, such as the...
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...
Pound to Canadian Dollar outlook Will Sterling struggle against the Canadian Dollar?

CAD on top during morning trading

The Canadian Dollar held on relatively well compared to the USD, GBP, EUR, and AUD during trading overnight and morning trading in Europe. Poor factory orders in China has fuelled concerns about future global growth, which has spurred a mass sell-off of stocks as a result - this is no longer the kind of slow-down which only affects commodity based currencies like the CAD, AUD and somewhat the US Dollar - this is starting to affect financial centres as well. China's factory orders for August...
GBPEUR Heads Lower After Data, BoE Comments

Canadian Dollar falls with oil price

The Canadian Dollar has held relatively steady until today following its recent gains against most major currencies. Data was released yesterday which showed global national stockpiles of oil had increased quite dramatically. This caused another surprise drop in oil prices when most market commentators and even companies had banked on prices having bottomed-out already. Stockpiles are how markets gauge current production and future demand. A massive stockpile suggests overproduction, and suggests demand will likely fall in the future. Normally when oil prices are incredibly low,...
Brexit and Coronavirus Weigh on GBP as Oil Price Collapse Causes CAD Value to Fall

CAD the focus for the week

Canadian Dollar is expected to strengthen today, and GBP/CAD to drop, following strong foreign investment into the economy during the month of July. The slashing of interest rates last month meant credit was much cheaper, so domestic and foreign investors alike are buying CAD up while it is weak. The real question is when will this start to show a boost economic performance for Canada?
GBPEUR Heads Lower After Data, BoE Comments

GBP/CAD rates set for a fall today

GBP/CAD rates are expected to come under pressure today from the release of manufacturing export data in the Canadian economy. Much of the money normally invested in the oil industry has been diverted into the fledgling manufacturing sector in the Canadian economy. Read inside to see how this could help your GBP/CAD transfer.
Gbp to Cad Exchange Rate Hits a 1-Month High as Risk Appetite Returns to Global Markets

CAD under further pressure from China

The CAD, as a commodity currency, has come under pressure for the second day in a row from repeated devaluations of the Chinese Yuan. Whilst Canada is not a major trade partner of China, as China itself is such a commodity hungry market, the news has revised down global growth and demand. The indirect fall in commodity prices is what has hurt the Canadian dollar, but only marginally. CAD weakness seems saturated - the article inside explains why and what to expect from CAD rates in the future.
Pound to Canadian Dollar Outlook: BoC Interest Rate Cut Bets Soar as Oil Prices Sink CAD

EUR/CAD rates highest in 2015

EUR/CAD rates have risen to the highest rates in 2015. Euro strength following positive Greek talks have been coupled with stronger data emerging from a Eurozone apparently in recovery. Today surprisingly poor housing data came out concerning the Canadian economy when this has been one of the better performers as of late. Read inside for the knock-on affects for EUR/CAD rates in the future, as well as CAD's other pairings.