GBPEUR Rejected by 1.17 Price Level Again

Where next for GBPCAD currency exchanges?

If you are looking to purchase pounds with Canadian dollars, we are are close to some of the best rates in the last few weeks for such a transaction. There is an overall belief that the market will continue to favour clients looking to buy the pound because the pound will get weaker. This is without doubt a possibility but with sterling having dropped so much in the last week then I do feel hoping we will see dramatic improvements is a risky strategy....
GBP EUR Trades Above 1.18 After Weak ZEW Data

Suggestions of an interest rate hike lead to Canadian Dollar strength (Daniel Wright)

We have seen a good period of strength for the Canadian Dollar today following on from comments by the Bank of Canada Governor Stephen Poloz, suggesting that we may see an interest rate hike for Canada sooner than had first been expected. The central bank mentioned in their comments that they now believe that interest rate cuts which were made in 2015 have seemingly done their job and that the economy is now starting to pick up at a good solid pace. The chance of an...

Pound to Canadian Dollar rate falls to its lowest level in 2 months, will...

The panic and uncertainty surrounding the UK at the moment is continuing to weigh on the Pounds value, with the Pound to Canadian Dollar exchange rate hitting its lowest level in 2-months since the election outcome. Political uncertainty is one of the biggest downside risks to a currencies value, and since the election outcome was announced as a Hung Parliament last week the Pound fell by it's biggest margin 1-day margin since the Brexit vote last June. The uncertainty is continuing as the Conservatives are currently...
GBPEUR Higher as Merkel Faces Lockdown Backlash

How will GBPCAD react to the UK election?

The pound to Canadian rate has of course fallen following the UK election result but the outlook for the rates are mixed. With the pound looking like it could well fall further the Loonie dollar could also slip as Oil fears have come right back into the market! The overall position for CAD sellers is very favourable, if you have a currency transfer to make buying or selling CAD for the pound then making some plans in advance is well advised. The overall position for...
GBPCAD Rates: Lack of Faith in the Pound Highlighted by Oil Crisis?

Factors that will effect GBP/CAD (Daniel Johnson)

GBP/CAD Volatility expected Sterling has found some support this week against the Canadian dollar following Saturdays terrorist attacks. where we did see the pound weaken. A month ago many were discussing whether the 1.80 resistance point could be breached. Now due to Theresa May's snap election announcement GBP/CAD is struggling to stay in the mid 1.70s. This was also due to a poor run of economic data and brexit negotiation concerns which have not helped the pound's position. Although the future of UK economy is uncertain...
Pound to Canadian Dollar Rate Remains Towards the Top of Its Range Despite Fears of Brexit Negotiation Delay

How could this weeks election effect the Pound to Canadian Dollar rate? (Joseph Wright)

There are a number of factors affecting the Pound to Canadian Dollar rate this week, with the UK general election this Thursday being the main driver of price movement. The Pound has weakened over the past few weeks after the polls covering this weeks election have shown that the Conservatives lead is narrowing. I think that should there be a shock result in the election this Thursday we could see the Pound sold off quite heavily, as UK Prime Minister Theresa May initially called the...
Brexit and Coronavirus Weigh on GBP as Oil Price Collapse Causes CAD Value to Fall

Will this morning’s Inflation data push the Pound to Canadian Dollar lower? (Joseph Wright)

The Pound has lost some of the recent gains its seen against the commodity currencies recently, as the price of oil is recovering while the UK is facing some issues of it's own. The rate of inflation is the UK has begun to outstrip the rate of wage growth, and with a general election next month the Bank of England has ruled out an interest rate hike in the short term to contain the rising levels. This has had quite a knock-on effect to the Pounds...
GBPEUR Rejected by 1.17 Price Level Again

What can we expect next for GBPCAD rates?

The pound to Canadian dollar rate has been much more attractive for Canadian dollar buyers as investors concerns over the price of Oil and also the worrying outlook for trade relationships with the USA. Not only have there been some worrying trends on the relationship with the US but concerns over the price of Oil have also seen the Loonie lose value too. All in all the market appears to look likely to favour clients buying Canadian dollars rather than selling them. If you are...
GBPEUR Rejected by 1.17 Price Level Again

What can we expect next for GBPCAD exchange rates?

The pound to Canadian dollar exchange rate has been very attractive for CAD buyers lately as rates rise from in the low 1.60's to well over 1.70 almost 1.80! If you are looking to buy CAD the outlook is extremely attractive for the future but of course there are always challenges ahead which could upset the current trend. The overall impression on the market is that we could see GBPCAD test 1.80 but of course there are never any guarantees! The Price of Oil has...
Gbp to Cad Exchange Rate Hits a 1-Month High as Risk Appetite Returns to Global Markets

What issues could impact the Pound to Canadian Dollar rate? (Joseph Wright)

The Pound has gained almost 10 cents against the Canadian Dollar in just the last 2-weeks, as the Pound continues to rise on the back of the election called by Theresa May, the UK Prime Minister. I expect the election and speculation surrounding it to impact Sterling exchange rates over the next few months, due to the differing plans and outlooks from the UK political parties regarding the Brexit. As it stands the conservatives are favorites to win come the election in June, and that...