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...
GBP to CAD Rate: Sterling Gains Against the Canadian Dollar Ahead of Bank of Canada Statement

GBPCAD rates continue to fall

Buying Canadian dollar has changed hugely in value over the last 7 days. The majority of the change has been within the last 72 hours and it is for a reason many may not be aware of.  It is news from the US which has made buying the dream property in Canada so much more expensive. The US has been talking about raising their interest rates again this year for some time now. Only a week ago there was a 50% chance that this was...
GBPEUR Rejected by 1.17 Price Level Again

Will the pound rise or fall against the Canadian Dollar?

The Canadian dollar has been a little weaker against the pound which itself has been stronger. GBPCAD is looking a much more attractive for Canadian dollar buyers in the weeks as some of the uncertainty over the Brexit fades for now. Another benefit for Canadian dollars buyers with pounds is that the US dollar is weaker too as the 'Trump trade' loses momentum. Most analysts expect sterling to now perform better and whilstI would not rule out some short term improvements I would also...
Oil Prices and Brexit Casuing Volatility for Pound to Canadian Dollar Exchange Rates

What will Affect GBP/CAD this Week? (Daniel Johnson)

CAD gained some strength last week after an increase in oil price. This was halted however when news that the Organisation of Petroleum Exporting  Countries (OPEC) had failed to reach an agreement on a price freeze. CAD has fallen in value as a result. Moving forward the Bank of Canada's (BOC) Head, Governor Poloz is set to speak tomorrow. He will be discussing economic climate and future monetary policy which can cause swings. I expect a dovish tone from Poloz due to current market conditions...
GBPEUR Rejected by 1.17 Price Level Again

GBPCAD rises on good UK news!

The United Kingdom will tomorrow have a new PM! Theresa May the new Prime Minister will be officially in power this week and this has sent the pound much higher after weeks of uncertainty. For me though I would not be overly excited as the end of the week sees the latest developments from the Bank of England with the Bank threatening to cut interest rates and possibly look at some further Quantitative Easing. Markets should be bracing themselves for further turbulence in the...
GBP to CAD Rate: Sterling Gains Against the Canadian Dollar Ahead of Bank of Canada Statement

GBP/CAD Rates Continue to Slide (Matthew Vassallo)

GBP/CAD rates have continued to slide over recent weeks, with the current negativity surrounding the UK economy handicapping any sustainable advances for GBP. The Pound has come under increased pressure of late and with tomorrow’s budget hanging over investors and the upcoming EU referendum in June, it is likely that Sterling will continue to find life tough going over the coming weeks. With a divide in Parliament regarding our future participation in the EU, it is difficult for the markets to gauge any likely outcome...
Pound to Canadian Dollar outlook Will Sterling struggle against the Canadian Dollar?

Pound to Canadian Dollar rate flat so far this week, will tomorrow bring movement...

The Pound to Canadian Dollar exchange rate has been trading within thin volumes so far this week, with the pair ranging just half a cent throughout today's trading session. The Pound is coming under pressure against many other currency pairs which some may consider as a sign of Canadian Dollar weakness. With the Pound losing around 10 cents against CAD since the snap election called by Theresa May didn't go to plan, I'm tempted to think that there isn't much further for the Pound to fall...
Pound to Canadian Dollar Drifts Lower as Global Sentiment Improves

Pound fails to continue its recovery vs CAD despite CAD weakness (Joseph Wright)

The Canadian Dollar has weakened across the board after the Bank of Canada has announced that it will be keeping Interest Rates unchanged, despite the Canadian economy slowing during the second quarter of this year. This news impacted financial markets as the Canadian Dollar has weakened since, yet this weakness hasn't filtered over to the GBP/CAD pair as the Pound is under considerable pressure itself at the moment. The value of the Pound has been increasing as of late due to some much better than expected...
GBPEUR Rejected by 1.17 Price Level Again

Canadian Dollar rates on back-foot

The Canadian Dollar starts the month on a poor footing following a month where oil prices reached new highs, only to be erased in the latter half of October. The Canadian Dollar still had a net-gain against the Euro and Pound Sterling last month and finished relatively level with the USD, butt the initial gains proved to be only a short-term phenomenon. Many had hoped the recent rally for oil was going to be sustained. Leaders for oil exporting nations as well as major multinationals were...

Canadian Dollar falls dramatically as oil price collapses further

The Canadian Dollar came under sever pressure yesterday with the sustained drop in oil price which was exaggerated on Wednesday this week to the lowest levels since 2009. GBP/CAD rose to 3 month highs, EUR/CAD is the same, and USD/CAD is now at fresh 10 year highs. This oil price fall is a dramatic reaction following a recent meeting for OPEC which was designed to lower oil production worldwide and help to bring prices under control. The announcement of this meeting was originally why oil prices...