Pound to Canadian Dollar forecast 3 political events to know about before swapping Canadian Dollars for Pounds

Pound to Canadian Dollar forecast: 3 political events to know about before swapping Canadian...

You may consider yourself a savvy buyer, especially in the currency purchasing market. But there can sometimes be unseen news or recent events which may alter the going rate of your chosen currency. The Canadian dollar shares a relationship with the British pound amongst many other currencies. This relationship is altered based on many factors, some in which may determine a great time for you to buy Sterling or show signs that it may be right to hold off a little before departing with your...
GBP/CAD rate slides as both currencies weaken and upcoming week’s data likely to shift exchange rate

What Brexit means for the CAD to GBP forecast

Being the 7th most traded currency in the world, The Canadian dollar (CAD) is in contention for many traders and buyers alike. Many currencies interact with each other and the pairing between the GBP and CAD is no different. With Brexit talks firmly ongoing, the effect it has had on the CAD/GBP pairing is substantial. Analysts and buyers are keeping a close eye on the events of Brexit and what it may mean for the GBP and currencies that overlap with it. Brexit’s unpredictable volatility There...
Pound to Canadian Dollar outlook: Will GBP/CAD rise or fall on the UK election?

Pound to Canadian Dollar outlook: Will GBP/CAD rise or fall on the UK election?

Sterling supported by Brexit extension The pound to Canadian dollar exchange rate has been rising and falling along with the sentiments on Brexit, notably the prospect of a no-deal exit for the UK. This element had been majorly holding back the pound in recent weeks, as investors feared that the UK might be leaving the EU on Halloween with no-deal. More recently, sterling has been rising as investors become more confident over the extension which has now been agreed. We are also awaiting further details regarding...
GBP to CAD forecast Will the Bank of Canada keep interest rates on hold?

GBP to CAD forecast: Will the Bank of Canada keep interest rates on hold?

Bank of Canada expected to keep interest rates on hold The Bank of Canada continues to buck the trend in the face of global interest rate cuts and are widely expected to keep interest rates steady at 1.75pc late this afternoon. The Canadian economy continues to be buoyed by a robust domestic employment market and investor optimism that a long-awaited trade deal may be forthcoming between the US and China in the coming weeks. As a commodity-linked currency, the Canadian dollar will benefit from a...
The GBP/CAD exchange rate struggles as UK labour market slows

Pound to Canadian Dollar forecast: General Election could weaken Sterling

Brexit extension agreed Sterling remains fragile due to the lack of clarity surrounding Brexit. We are now looking at a "flextension" until 31st January, but if a deal can be secured it can be done so before the 31st January. Boris Johnson's deal came close to approval, but he has now had to pull the deal off the table in order to push forward with a general election. This does not mean that the majority of the deal would not come back to the table at...
Sterling remains steady in early trading as details of the Brexit extension are announced

Sterling remains steady in early trading as details of the Brexit extension are announced

The pound is continuing to hold onto the recent gains made this month, as the pound to Canadian dollar continues to trade around the 1.67 - 1.68 level. Brexit extension granted by EU Donald Tusk announced at 9.30am this morning that EU leaders have agreed to extend the Brexit departure date until the 31st of January, with markets relatively unchanged as this was the general expectation despite some strong words from French President Emmanuel Macron who had alluded to blocking the 3-month Flextension as it's being...
GBPCAD Exchange Rate on the Rise with Brexit Party Ruling Out Tory Seat Contention

Pound to Canadian Dollar outlook: What can we expect this week on GBP/CAD?

Pound to Canadian dollar rates soared to 1.6790 on the interbank rate, touching a 4-month high for buying Canadian dollars with pounds last week. Developments in the political situation relating to the UK's potential exit from the EU has influenced sentiment, with the pound rising sharply on expectations of a deal. Volatility expected this week for GBP/CAD exchange rates GBP/EUR exchange rate may face some interest this week as we may see increasing developments on Brexit. We have the much anticipated EU Summit on Thursday and Friday...
Pound to Canadian Dollar exchange rate Global trade tensions and Brexit to drive GBPCAD rates

Pound to Canadian Dollar exchange rate: Global trade tensions and Brexit to drive GBP/CAD...

The pound to Canadian dollar exchange rate has continued to fall due to Brexit talks coming to a standstill, despite last week’s disappointing Canadian GDP release. Canadian economic developments: Effects on GBP/CAD exchange rate Posting 0pc growth for July, the markets were disappointed with the figures having expected a 0.1pc expansion. Canada’s economy had outperformed during Q2 as oil prices crept up and exports increased enabling the economy to grow at a healthy 3.7pc annualised figure, its strongest in years. However, sterling failed to take advantage...
Pound to Canadian Dollar outlook: Will GBP/CAD rise or fall on the UK election?

Pound to Canadian Dollar outlook: Canadian elections and Brexit to cause volatility for GBP/CAD...

Pound to Canadian dollar exchange rates have been trading at 1.6355 on the interbank rate, sterling having been buoyed by the recent improvements in sentiment relating to the outlook on Brexit. With just 24 days until the 31st October deadline, there is scope for increased volatility on GBP/CAD levels as the markets await the latest news and outcomes. Canadian election: Canadian Dollar to experience volatility over political uncertainty Across the pond and slightly further north, the Canadians are gearing up for their election on the 21st...
Pound to Canadian Dollar forecast Brexit end date approaches, what could happen to GBPCAD rates ahead?

Pound to Canadian Dollar forecast: Brexit end date approaches, what could happen to GBP/CAD...

Brexit continues to drive GBP/CAD rates with just 24 days until Brexit deadline The pound to Canadian dollar exchange rate is still struggling to move back to the higher levels seen in the last month with rates currently sitting at 1.639 for the GBP vs CAD pair. Brexit continues to be the big driver for GBP to CAD exchange rates with just 24 days to go until the 31st October Brexit deadline when Britain is expected to leave the European Union. It has been reported...