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...
Pound to Canadian Dollar outlook Will GBPCAD drop below 1.60 again?

Pound to Canadian Dollar outlook: Will GBP/CAD drop below 1.60 again?

What factors are influencing the pound to Canadian dollar exchange rate? Pound to Canadian dollar exchange rates have been slipping as concerns over Brexit emerge, with no-deal still remaining a possibility. Expectations are centred around Brexit for the pound, with continuing concerns over what Brexit will actually mean. For the Canadian dollar, there are numerous events ahead to be conscious of, including the Canadian election and the outlook on the Trade Wars. Sterling exchange rates remain highly sensitive to Brexit developments For the pound, the Conservative Party...
Pound to Canadian Dollar exchange rate Volatility expected for GBPCAD rates ahead of Canadian general election

Pound to Canadian Dollar exchange rate: Volatility expected for GBP/CAD rates ahead of Canadian...

The pound to Canadian dollar exchange rate is currently sits at 1.6336 on the interbank rate at the time of writing. GBP has fallen against the CAD since the Supreme Court ruled Boris Johnson's proroguing of parliament was unlawful. Trudeau comes under pressure in build up to election: Bank of Canada updates expected after general election The Canadian general election is now less than 8 weeks away. The general public will go to the polls and the Conservatives are currently in the lead. Justin Trudeau has come...
Pound to Canadian Dollar forecast Reduced chance of no deal Brexit after Supreme Court ruling, where to next for GBPCAD exchange rates?

Pound to Canadian Dollar forecast: Reduced chance of no deal Brexit after Supreme Court...

Sterling strengthened against the Canadian Dollar as no-deal Brexit looks less likely The pound to Canadian dollar exchange rate has been much improved lately with GBP/CAD interbank exchange rates trading close to the best levels in 3 months. GBP/CAD is currently trading above 1.6523, with the 3 month high hitting 1.6678 on Friday 20th September. Sterling has risen with the reduced chance of a no-deal and expectation that a deal could potentially be reached ahead on Brexit between the UK and the EU. Events unfolded further...
Loonie Dollar stronger on Oil fears

Pound to Canadian Dollar outlook: Loonie Dollar stronger on Oil fears

How the attack in Saudi Arabia has affected the Canadian Dollar The pound to Canadian rate has experienced increased volatility in the last 24 hours owing to the concerns raised over the outlook on Oil prices. In particular, geopolitical concerns relating to attack on a Saudi Arabian oil field. Oil prices have risen as much as 20% as this week commences, fuelling demand for the Canadian dollar and other petrol currencies including the Norwegian Kroner. Oil is a key export for Canada, and this rise in...
Will the UK parliament be recalled?

Pound to Canadian Dollar exchange rates: Will Boris be back next week?

Will Parliament be recalled? Boris Johnson may be back in the House of Commons quicker than he thought as the highest civil court in Scotland yesterday ruled that proroguing Parliament was unlawful. The case will now be heard at the Supreme Court on the 17th September and if the Supreme Court agrees with the Scottish Courts judgement, Boris could find himself facing MP questions about Brexit as early as next week. More Brexit uncertainty This week KPMG have waded into the debate about how the UK...
Pound to Canadian Dollar forecast Brexit end date approaches, what could happen to GBPCAD rates ahead?

Pound to Canadian Dollar Forecast: Will the gains for the GBP to CAD continue...

Pound to Canadian Dollar exchange rate climbs Over the past month the Pound has been one of the best performing major currencies, and this has seen the Pound to Canadian Dollar exchange rate climb as high as the 1.63's at its highest stage after trading as low as 1.5876 just 1 month ago. This time last month the Pound to Canadian Dollar exchange rate hit its lowest level of the year after UK Prime Minister Boris Johnson outlined his plans to take the UK out of...
Pound to Canadian Dollar outlook Where next for GBPCAD exchange rates?

Pound to Canadian Dollar outlook: Where next for GBP/CAD exchange rates?

Pound to Canadian dollar exchange rates are trading at 1.625 on the interbank rate, as the market becomes slightly more optimistic over an extension to the current no-deal expectations. With parliament voting to force Boris Johnson to request a further extension on the Brexit deadline to the 31st January, we are now eagerly awaiting the final news on what Boris will do. Sterling struggles after making gains last week Sterling has benefited from the slight increase in optimism but there is still a long way to...
Could Brexit developments and the Canadian Interest Rate Decision cause movement for GBPCAD later today?

Could Brexit developments and the Canadian Interest Rate Decision cause movement for GBP/CAD?

It’s been a busy week of political updates out of the UK so far, with sterling exchange rates beginning the day in strong fashion this morning after the most recent Brexit development. Brexit uncertainty as Boris Johnson is defeated in Parliament vote Boris Johnson has now been Prime Minister for 6-weeks and his plans to carry out Brexit by the 31st of October are already looking difficult as members of the House of Commons continue to vote against a No-deal Brexit being a lawfully viable option....
Pound to Canadian Dollar outlook Will the Bank of Canada cut interest rates?

Pound to Canadian Dollar outlook: Will the Bank of Canada cut interest rates?

Movement on GBP/CAD exchange rates as Bank of Canada may cut interest rates Pound to Canadian dollar exchange rates have found themselves above 1.60 on the interbank rate, following a period of resting below this level. Part of this has been down to increased thoughts that perhaps the Bank of Canada (BoC) will cut interest rates in the future. A cut by Canada's main trading partner, the US, has seen pressure form on the BoC to consider a cut ahead. Generally speaking, the cutting of an...