Pound to Canadian Dollar rates near 1-year highs

Pound to Canadian Dollar rates near 1-year highs

It has become much better for those buying Canadian dollar over the last couple of weeks as lower prospects of a no-deal Brexit have encouraged investors to seek the pound as a longer term investment, with Pound to Canadian Dollar rates near 1-year highs. There is also increased prospects of some kind of Brexit deal being struck, one way or another. The Canadian dollar has also been slightly weaker as there is less chance of the Bank of Canada seeking to raise interest rates. This...
Pound to Canadian dollar exchange rate volatile on Brexit developments

Pound to Canadian dollar exchange rate volatile on Brexit developments

The pound to Canadian dollar exchange rate continues to be largely dominated by new developments in the final stages of the Brexit negotiations. Discussions have been taking place over the weekend to try and find support from the Democratic Unionist Party (DUP) ahead of a potential third meaningful vote (MV3). A vote will only be held if the Prime Minister feels confident of winning that vote and so these next 48 hours will be critical for the GBP to CAD pair. The Pound to...
Brexit updates and movements for the pound vs the Canadian dollar

Brexit updates and movements for the pound vs the Canadian dollar

The pound has started to fall a little against the Canadian dollar after a very strong run recently. GBPCAD exchange rates have started to retract as the suggestion of a 3 month extension to Brexit has done little to impress investors in sterling. Earlier this week the House of Commons rejected Theresa May's Brexit deal once again but did win with a majority to ask the European Union to extend the Brexit deadline until the end of June. This week we have seen a lot of...
What will happen to the Pound Sterling to Euro exchange rate as 29th March approaches? Brexit latest

GBP to CAD forecast: Turbulent day of trading as Brexit deal is rejected again

UK Prime Minister, Theresa May lost a second vote on her Brexit deal last night, despite getting more support for the deal this time around. Previously she lost by a record margin of 230 votes in January, and yesterday she failed to gain the support of hard line Brexiteers and the DUP Party of Northern Ireland which props up her Government. GBP exchange rates are having a busy week across the board, as the markets continue to digest the updates and also attempt to second...
GBP to CAD forecast: All eyes on tomorrow's key vote on the Brexit deal

GBP to CAD forecast: All eyes on tomorrow’s key vote on the Brexit deal

We're now less than 3 weeks away from the UK's expected departure date from the European Union, with this week being arguably one of the most important regarding the Brexit plan, as many following the news will be aware. Despite calls for UK Prime Minister Theresa May to once again postpone the meaningful vote on her Brexit deal, the vote is still expected to take place tomorrow evening and although Mrs May isn't expected to lose by such a substantial margin this time, analysts are...
canadian dollar oil prices and brexit

GBPCAD Forecast : buying Canadian dollars with pounds

The pound to Canadian dollar could be in for some tricky times as investors await the latest stages and news on Brexit, while remaining concerned over the outlook on Brexit. The future is looking less certain for the global economy and what lies ahead; the market is bracing itself for some big changes in the future. Brexit is still undecided, which is impacting the value of the pound, whilst the trade Wars and also the uncertainty of the outlook on the global economy is driving...
GBP to CAD rate over 1.75 as Brexit withdrawal approaches on 29th March

GBP to CAD rate over 1.75 as Brexit withdrawal approaches on 29th March

The pound to Canadian dollar exchange rate is trading at the highest levels since June of last year creating a good opportunity for those looking to buy Canadian dollars. There has been a good move higher for GBP to CAD rates on optimism that a deal will be reached between Britain and the EU over Brexit. UK Attorney Geoffrey Cox was in Brussels yesterday with Brexit Secretary Stephen Barclay meeting the EU’s chief negotiator Michel Barnier. The markets have been poised for a breakthrough...
Pound to Canadian dollar exchange rate volatile on Brexit developments

Will GBP/CAD break 1.76 and could the BoC interest rate decision influence CAD exchange...

After a slight sell-off yesterday the Pound to Canadian Dollar exchange rate has started the day well, with the pair lodged just below 1.76 at the time of writing. The GBP/CAD rate has recently found resistance around this benchmark, although throughout the past year we have seen the pair climb as high as the 1.84's so I believe that we could see the GBP/CAD rate break 1.76 and test 1.80 again should we see a boost to Sterling or CAD weakness. Brexit still key driver for...
Sterling gains against Canadian Dollar as positive Brexit news continues

Sterling gains against Canadian Dollar as positive Brexit news continues

The Pound is continuing its good run of form this morning against most major currencies following a positive week last week. Investors and speculators were keen to buy back into Sterling as a number of reasonably positive pieces of news surrounding Brexit deal progress hit the news. This led to a higher demand for the Pound and therefore it gained value. It appears that people now do not believe that a no deal Brexit is of a high possibility. This had been one of the key...
Pound to Canadian dollar forecast: Could GBP/CAD rates rise further?

Pound to Canadian dollar forecast: Could GBP/CAD rates rise further?

The pound to Canadian dollar exchange rate has moved higher with the latest news that there is now less chance of a no-deal Brexit. Clients with a position to buy or sell the Loonie dollar, against the pound could be in for a very volatile month as the market weighs up some key points of interest, notably Brexit, the Trade Wars and also a volatile price of Oil. GBP/CAD rate fluctuates with Oil prices and global trade Oil is a key commodity for the Canadian economy,...