Pound to Canadian Dollar outlook Will Sterling struggle against the Canadian Dollar?

Pound to Canadian Dollar outlook: Will Sterling struggle against the Canadian Dollar?

Canadian Dollar sees movement as Trade Wars continue Pound to Canadian dollar exchange rates have been volatile owing to the continued lack of clarity surrounding the Trade Wars. We have seen the Canadian dollar volatile as the markets try to second guess what lies ahead for the dispute with China and the US, plus how this will affect the global economy. As a commodity currency the Loonie dollar is sensitive to developments with the global economy. The Canadian economy is a major exporter of raw materials,...
GBP/CAD exchange rates trading back above 1.61 as BoC indicate interest rate cut could be forthcoming

GBP/CAD exchange rates trading back above 1.61 as BoC indicate interest rate cut could...

Pound to Canadian dollar exchange rates tipped 1.62 at overnight on the interbank exchange, but the pound found only fleeting support above this threshold, falling back towards 1.6150 by the opening of European trading. Boris Johnson to meet Angela Merkel in Berlin: Could the fallout of talks affect GBP/CAD rates? Reports this morning have confirmed that UK Prime Minister Boris Johnson is heading to Berlin to meet German Chancellor Angela Merkel later today, with his primary objective to find support for a complete removal of the...
Pound to Canadian Dollar exchange rate GBP fails to make gains against CAD as Brexit and oil prices affect the currency pair

Pound to Canadian Dollar exchange rate: GBP fails to make gains against CAD as...

Pound to Canadian dollar exchange rates have risen to 1.6183 on the interbank exchange on Monday evening trading, as concerns over global growth threaten the recent strength of the Canadian dollar. The Canadian currency had been relatively immune from recent concerns relating to the cutting of interest rates, but with the price of oil falling, the Loonie dollar is facing questions. Brexit holding Sterling back from making gains against the Canadian Dollar The pound is not in any major position to capitalise against the Canadian dollar,...
Will the UK parliament be recalled?

Pound to Canadian Dollar forecast: Brexit news dominates as both GBP and CAD receive...

GBP and CAD receive support The pound to Canadian dollar exchange rate struggled to move much higher towards the end of last week when sterling was seeing a resurgence against a number of the major currencies. Whilst the pound found support last Thursday and Friday the Canadian dollar was also supported as investors moved towards the riskier commodity currencies including the Canadian dollar, cancelling out any gains for either currency. The fact that stock markets were climbing highlights some renewed confidence in global markets which...
Could Brexit developments and the Canadian Interest Rate Decision cause movement for GBPCAD later today?

Pound to Canadian Dollar rates outlook: Will pound to Canadian dollar levels fall further?

Pound to Canadian Dollar: No deal Brexit probability damaging Sterling value The pound to Canadian dollar exchange rate has been suffering lately as the market continues to price in the possibility of the no-deal Brexit taking place on the 31st October. Expectations are mixed for the outcome on Brexit. Nothing is completely set in stone, but the market is becoming more and more of the opinion a no-deal Brexit will take place. What this means for GBP/CAD exchange rates is that as the uncertainty around a...
Pound to Canadian Dollar forecast Sterling exchange rates drop as UK economy contracts during 2nd quarter of this year

Pound to Canadian Dollar forecast: Sterling exchange rates drop as UK economy contracts during...

This morning, the pound to Canadian dollar exchange rate weakened following the UK's GBP economic data release, shocking the markets and resulting in a weaker pound as the financial markets digest the news. UK GDP figures below market predictions Gross Domestic Product (GDP) for the 2nd quarter of 2019, which was expected to show 0% growth has dipped below market expectations and the figure released this morning shows that the UK economy contracted by 0.2% during this time. This is the first contraction since 2012 and...
Will the gains for the GBP to CAD continue through September?

Pound to Canadian Dollar Outlook: What could happen to GBP/CAD exchange rates?

With pound to Canadian dollar exchange rates touching their lowest interbank levels in nearly 2 years, it seems a good time to be asking questions about whether fresh lows could be struck for pound to Canadian dollar exchange rates. The week ahead sees a number of data releases which may influence the behaviour of the GBP/CAD pairing. To see where we are going, it can be helpful to look at where we have been. The increased prospects of a no-deal Brexit, in the currency market's...
Pound to Canadian Dollar exchange rate Brexit keeps GBP fragile against the CAD

Pound to Canadian Dollar exchange rate forecast: How will GBP/CAD rates perform ahead?

The Canadian dollar is this year's best performing G10 currency, as reported by Reuters yesterday. It is probably not too surprising therefore that as sterling has been one of the worst performing, pound to Canadian dollar exchange rates have been testing 2-year lows, hitting points not seen since October 2017. What events are upcoming that might change the current trend? Brexit developments to drive Sterling exchange rates Sterling has been weaker on Brexit uncertainties, as investors await clear news on what Brexit means. The pound has...
Could Brexit developments and the Canadian Interest Rate Decision cause movement for GBPCAD later today?

Pound to Canadian Dollar outlook: New British PM on Wednesday, how could this affect...

Pound to Euro exchange rate outlook: New UK Prime Minister and Cabinet, how will the markets react? The pound to Canadian dollar exchange rate has bounced higher after much stronger than expected retail sales data yesterday providing a boost for the GBP vs CAD pair. Despite the small improvement, the pound continues to test the lower levels with the ongoing uncertain political situation in the UK. The new Prime Minister will be announced on Tuesday and is highly likely to be Boris Johnson. A new...
Pound to Canadian Dollar rate Pressure on Sterling increases as chances of a no deal Brexit increases will GBPCAD continue to fall?

Pound to Canadian Dollar rate: Pressure on Sterling increases as chances of a no-deal...

Pound to Canadian Dollar exchange rate at lowest levels since September 2017 The current levels for exchanging pounds into Canadian dollars sits at a 22-month low at the time of writing, as the GBP/CAD pair haven't traded this low since September of 2017 when sterling came under heavy selling pressure. Back then the pound lost value against most major currency pairs as UK Prime Minister at the time, Theresa May, didn't get the support she needed to gain a majority at the General Election she...