Pound to Canadian Dollar Outlook: CAD to Continue Oil Price Weakness with BoC Rate Decision Up Ahead

A Steady Canadian Dollar Ensues Following a Lift in Wholesale Trading and Gives an...

The Canadian dollar has had a bumpy couple of weeks. In recent news head figures from the Bank of Canada (BoC) gave speeches, in these speeches they contradicted each other in regard to their monetary policies. One member preferred a dovish approach and the other suggesting this approach was not the proposed direction at all. Since then, speeches from other head figures at the BoC have arisen which have given back some gains to the Canadian dollar. The CAD appears to be settling following...
Pound to Canadian Dollar Outlook: GBP Rises Following Factory Output Success as CAD Falls from COVID-19 Fears

Positive Lift for Canadian Dollar Following Poloz’ Speech, but Uncertainty Lingers

The Canadian dollar was given a needed boost yesterday, after its recent 10-day low. The Bank of Canada’s (BoC) Governor Stephen Poloz gave a speech which added fuel to the fire for the ‘Loonie’. He touched on the Canadian interest rates and appeared positive despite the speech made from Carolyn Wilkins, another BoC governor just days before which was received as a sell-off. Poloz Describes Canadian Interest Rates as “About Right”</h2< In his speech, Stephen Poloz described the current Canadian interest rates as “about right”. This...
Have We Seen the Worst For The Pound as The Bounce Bank Continues Against CAD?

Pound to Canadian Dollar Forecast: Steady Tone for the Canadian Dollar Ahead of Key...

The Canadian dollar has been on the backfoot of late. With a cocktail of the stalling US-China trade war and a fall in the price of oil (Canada’s largest export commodity) standing firmly on top of their worries. This week has started off on a more positive note for the ‘Loonie’. This week will see the released of some key domestic data for Canada and some important speeches which may give an insight into the Bank of Canada’s (BoC) future way path concerning their...
The Canadian Dollar Starts the Week off on the Right Foot Following Previous Weeks Poor Performance

Canadian Dollar Holds Steady but Remains Wary Following Recent US-China Trade Conflict

For weeks the US-China trade war has raged on; talks appeared promising previously but recent underwhelming speeches from president Trump have put doubts in investors’ heads. The CAD is heavily influenced on the moves made by its close counterpart the USD. With trade talks thinning out, investors have become wary of the chance of the deal not going through. US Appears to Show Little Concern for Achieving a Deal Recent news has suggested that the US is appearing to show little concern for the result of...
Pound to Canadian Dollar Outlook: Loonie Tumbles but Trudeau Unveils $82bn Economic Support Package

GBPCAD Exchange Rate on the Rise with Brexit Party Ruling Out Tory Seat Contention

The GBPCAD interbank exchange rate has been volatile of late, mainly due to the uncertainties surrounding Brexit. Recent revelations from the Brexit Party have given the GBPCAD exchange rate a lift as they announced they will not be contesting for Conservative seats in the upcoming election Brexit party announces Leave alliance With Nigel Farage, the leader of the Brexit Party announcing that the party will not battle for the 317 Conservative seats which were won in 2017, the Conservatives will be puffing a huge sigh of...
Pound to Canadian Dollar Outlook: CAD to Continue Oil Price Weakness with BoC Rate Decision Up Ahead

Canadian Dollar exchange rate reaches new weekly high as US-China trade hopes lift

If you are in the market for buying or selling Canadian dollars you might be in luck. The CAD rose to a near one-week high against the USD yesterday, with current USD/CAD rates sitting 1.31603. Data from reports showed that Canada’s trade deficit narrowed alongside a promising trade deal between the United States and China, which made investors more optimistic. Current state of the CAD The Canadian dollar is currently sitting at around 1.319. The currency reached is strongest intraday rate since the end of October...
Pound to Canadian Dollar Outlook: Investors Favour Upside Following GBP Strength Boost

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: Investors Favour Upside Following GBP Strength Boost

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...