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...
Pound to Canadian Dollar exchange rate forecast Will GBPCAD rates fall further?

Pound to Canadian Dollar exchange rate forecast: Will GBP/CAD rates fall further?

Strong Canadian Dollar vs weak British Pound causing steady decline in GBP/CAD rates The pound to Canadian dollar exchange rate has been on a steady decline since the start of May, when it became apparent Theresa May would be resigning and a more no-deal Brexit supporting PM might take charge. Sterling has been losing ground regularly against most currencies as no-deal Brexit prospects increase, as investors fear the worst ahead. The Canadian dollar has been stronger too as the price of Oil rises, and also the...
Pound to Canadian Dollar forecast Best time to sell Canadian Dollars for Pounds since October 2017

Pound to Canadian Dollar forecast: Best time to sell Canadian Dollars for Pounds since...

Strong CAD capitalizing against weak GBP: What has been influencing exchange rates? A series of events have arisen to create the best time to sell Canadian dollars for pounds since October 2017. Despite the Bank of Canada stating any interest rate hike is off the agenda for now, by now committing to any cuts the loonie is firmer. Also, the price of Oil has rallied following a decline in inventories, and also the G20 Summit not panning out as negatively as many had previously suspected,...
Pound to Canadian Dollar Exchange Rate ahead of New British Prime Minister

Pound to Canadian Dollar Exchange Rate ahead of New British Prime Minister

The pound to Canadian dollar exchange rate has held steady above 1.63 for the GBP to CAD pair after the Bank of Canada held interest rates steady at 1.75% where it has remained since October 2018. The central bank has upgraded its growth forecast for 2019 to 1.3% up from 1% signalling confidence in the Canadian economy. Ongoing US / China trade war a concern for the Canadian dollar The Bank of Canada have raised concerns however with the global growth outlook which may have...
GBP to CAD woes continue Could this month see the pair reach a 2 year low?

GBP to CAD rate woes continue: Could this month see the pair reach a...

Pound to Canadian Dollar exchange rates near September 2017 lows The last time the pound to Canadian dollar rate fell below 1.60 was in September 2017 which is almost two years ago, and with the pound losing value against the loonie on almost a daily basis at the moment I don't think that it's outside the realm of possibility for sterling to perhaps test those levels again soon. With the loonie going from strength to strength and sterling putting up little fight, those planning on exchanging...
Pound to Canadian Dollar exchange rates Will the pound fall further once the Tory leadership contest is over?

Pound to Canadian Dollar exchange rates: Will the pound fall further once the Tory...

What will happen to GBP/CAD exchange rates after the Tory leadership contest? Over the last 8 weeks the pound has gradually been losing value against the Canadian dollar. 8 weeks ago GBP/CAD mid-market exchange rates were above 1.77 and now mid-market levels are trading just above the 1.6350. To put this into monetary value a CAD$300,000 purchase now costs clients an additional £14,000. The question many of my clients are asking is whether the pound will fall further once the Tory leadership contest is over...
Pound to Canadian Dollar forecast CAD closing in on a two year high against GBP

Pound to Canadian Dollar forecast: CAD closing in on a two-year high against GBP

Canadian Dollar near highs against Sterling since Brexit vote GBP has seen its value decline against the CAD over recent weeks, with the pound failing to its lowest levels in almost two years. This year alone GBP/CAD rates have fluctuated by a range of approximately 14 cents, proving that timing is everything when it comes to larger currency exchange. The recent trend has seen sterling’s value decline, in line with growing fears that the UK could leave the EU without a deal in place by...
Pound to Canadian Dollar Exchange Rates Continue to Fall Lower - Brexit Continues

Pound to Canadian Dollar Exchange Rates Continue to Fall Lower – Brexit Continues

The pound to Canadian dollar exchange rate has fallen sharply since the beginning of May which has presented those looking to sell Canadian dollars to buy pounds with a good opportunity. Rates for GBP vs CAD now sit at the lowest levels since October 2017. Much of the fall in GBP/CAD rates has stemmed from the resignation of UK Prime Minster Theresa May and the likelihood that Boris Johnson will become the next Prime Minister. Conservative hopefuls Boris Johnson and Jeremy Hunt continue to battle...
Pound to Canadian Dollar rate hits 20 month low could further falls be in store for the Pound

Pound to Canadian Dollar rate hits 20-month low, could further falls be in store...

Sterling is coming under increased pressure against a number of major currency pairs with the Canadian dollar being one of the stand out currency pairs. We have previously touched on the fact that CAD is the strongest performer of the G10 so far in 2019, and with the pound having quite a torrid time over the past month and a half the GBP/CAD pair have been in free-fall which has left Canadian Dollar sellers in a great position. Jeremy Hunt gaining momentum in Tory leadership...
Pound to Canadian dollar predictions: What to expect this month

Pound to Canadian dollar predictions: What to expect this month

Pound to Canadian dollar exchange rates have been falling since this start of May and I expect this trend could continue throughout July. In the last 2 months pound to Canadian dollar mid market exchange rates have dropped over 11 cents making a CAD$250,000 purchase £9,650 more expensive. The pound has had a tough couple of months, due to the ongoing Brexit Saga. UK Prime Minster Theresa May announced her departure and the leadership contest is now whittled down to two, with Brexiteer...