GBP EUR Exchange Rate: Week in Review October 9th

GBPCAD takes a tumble (Dayle Littlejohn)

This week oil prices have continued to rise and have reached their highest levels since the beginning of February, and a barrall is now above $55.  The Organisation of Petroleum Exporting Countries (OPEC) managed to get all of the countries to cut oil production in a bid to improve the price of oil and that is the reason why we have seen the rise. However it's not all positive news for OPEC as it was only two weeks ago when  Iraqi Prime Minister Haider Al-Abadi...
GBP EUR Exchange Rate: Week in Review October 9th

Oil price drop leads to further weakness for the Canadian Dollar (Daniel Wright)

The Canadian Dollar dropped off a little in trading yesterday, as investors and speculators dropped off some of their bullish bets (in favour of Canadian Dollar strength) due to the drop off in oil prices witnessed yesterday afternoon. At one point oil prices were down by 2% and although the tight link between the Canadian Dollar and oil prices is not as tight as it has been in recent times it still does have an impact on the price of CAD as we saw over...
Pound to Canadian Dollar Drifts Lower as Global Sentiment Improves

When Do I Trade GBP/CAD? (Matthew Vassallo)

GBP/CAD rates have dropped over the past week, with a run of inconsistent UK economic data handicapping any further Sterling advances. The pair are now trading near 1.72 on the exchange and as I eluded to in my previous posts, the Sterling strength seen earlier this month proved not to be sustainable. As such, any clients who did not protect their positions will now be questioning whether we will see a recovery over the coming weeks. Whilst it is very difficult to predict exactly how...
GBP EUR Exchange Rate: Weekly Review December 4th  

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...

Will the Pound Remain Steady after Surprise Dip in Inflation ?

The pound has been relatively steady today following a surprise dip in the headline Inflation numbers. In welcome news across the country, the number came in at 9.9% higher year on year for August, versus the 10.2% numbers from last month for July. The important point is the number has been trending higher since the beginning of the year so this marks a turning point and could potentially signal a change in policy ahead. Inflation is very influential on interest rates, and interest rate...
GBP EUR Exchange Rate: Weekly Review July 16  

OPEC to influence rates to buy Canadian Dollars with Sterling (Tom Holian)

Sterling vs the Canadian Dollar has gone in an upwards direction as oil prices are predicted to fall as Russia has said that it will not attend the current OPE meeting due to take place tomorrow. As the Canadian Dollar is a petro-dependent currency any fall in the value of oil prices causes the Canadian Dollar to weaken vs Sterling and this is what has happened over the last 24 hours. Many countries want to see a reduction in oil output to allow the price per...
GBP EUR Exchange Rate: Weekly Review July 16  

Volatile Week for Canadian Dollar as Oil Price Crashes (Ben Fletcher)

The cost of a barrel of oil hit a 7 month low this week causing the GBP/CAD rate to finish the week a percent higher than the middle of the week. Sterling has suffered earlier in the week as Bank of England Governor Mark Carney dampened hopes of an interest rate hike in the near future. However the gains made by the CAD were short lived after the price of a barrel of oil started to slip. The cost of oil dropped to $45 for...
GBP EUR Exchange Rate: Weekly Review July 16  

Election day – will Sterling maintain its 4 cent rise over the past week...

Here we are, on of the most important elections in UK history, and anyone with a Canadian Dollar buying requirement using Sterling (GBP/CAD), or Sterling buying requirement using Canadian Dollars (CAD/GBP) should be watching very closely. The impact for this particular election on the value of the Pound is arguably more significant than others of its kind. The impact is not just on policy for the next four years, but has a heavy bearing on how Brexit negotiations will be handled and what the aims...
GBP EUR Exchange Rate: Weekly Review December 4th  

Possible “Brexit” causes volatility on GBP/CAD (Daniel Johnson)

As the EU referendum draws closer we are seeing increased volatility on GBP/CAD. We have seen GBP/CAD range from 1.84 to 1.92. Current levels are looking very favorable for CAD sellers, the best levels in the last month. This is predominantly due to the Leave camp gaining momentum in the referendum. Personally I do not think these levels will remain. With Nicola Sturgeon going up against Boris on Thursday night I think we may see a swing in favor of the remain camp and subsequent polls...
Pound to Canadian Dollar Rate Remains Towards the Top of Its Range Despite Fears of Brexit Negotiation Delay

Cad holds steady as Oil Prices Firm

The price of Oil has risen as the Canadian Oil Sands fires stoke Oil supply fears. Canada's Oil Sands are the world's third largest proven reserves so the worry over just how these fires will impact Oil supply is important. If you need to buy Canadian dollars the price of Oil is an important factor in determining the strength and weakness of the Canadian currency. Canada is a major exporter of Oil so the economy depends heavily on Oil and other commodities such as...