GBP vs CAD exchange rates ahead of 4th meaningful vote in British Parliament

GBP vs CAD exchange rates ahead of 4th meaningful vote in British Parliament

The pound to Canadian dollar exchange rate has fallen lower in this last week with rates sitting below 1.74 for the GBP/CAD pair. Brexit uncertainty weighing on sterling exchange rates Deadlock in Parliament remains as cross party talks come near to a close. It has been announced that a 4th and possibly final vote on the withdrawal agreement will take place in the first week of June and could see major volatility for GBP vs CAD. If the current deal does not make its way through the...
GBP to CAD forecast: Cross-party talks likely to influence the Pound to Canadian Dollar rate this month

GBP to CAD forecast: Cross-party talks likely to influence the Pound to Canadian Dollar...

Pound Sterling forecast: Brexit talks the main driver for GBP rates Perhaps the main driver of Sterling value at the moment are the ongoing talks between the Conservatives and Labour regarding the Brexit plan. With UK Prime Minister May's Brexit deal being rejected within Westminster three times so far, she now needs to gain the support of her political opponents in order to be able to carry out the Brexit before the next deadline date on the 31st of October. There have been calls from Conservative...
Pound to Canadian dollar exchange rates: The pound loses value against the Canadain dollar

Pound to Canadian dollar exchange rates: The pound loses value against the Canadian dollar

At the back end of last week the pound dropped 2 1/2 cents against the Canadian dollar due to investors slashing the odds on an interest rate cut from the central bank. Strong employment data strengthens Canadian dollar 106,500 jobs were added to the Canadian economy on Friday with forecasters predicting only 10,000 would be created. The chances of the Bank of Canada cutting interest rates now is extremely unlikely and that's why the Canadian dollar has strengthened against sterling and CAD/USD breached a 9 day...
GBP vs CAD exchange rates ahead of 4th meaningful vote in British Parliament

Pound to Canadian dollar forecast: What factors are affecting rates in May?

The pound to Canadian dollar exchange rate has been very volatile as we enter some tumultuous times on global trade and also the UK political scene. The trade wars have escalated with Donald Trump now implementing $200bn worth of tariffs on Chinese goods which has seen so far a fairly muted reaction, but could easily unsettle the Loonie dollar. <Pound to Canadian dollar rates GBP/CAD rates are currently at an excellent elevated level which is presenting a great time for clients holding pounds to buy Canadian...
Pound to Canadian dollar outlook before European Elections

Pound to Canadian dollar outlook before European elections

The pound to Canadian dollar exchange rate looks set for a volatile few weeks following a dispute over trade between China and Canada as well as the ongoing Brexit deadlock in parliament. Trade troubles with China The Canadian dollar could come under considerable pressure after a row has broken out after China has banned Canola oil shipment on contamination claims. The Canadian Ambassador has requested an investigation whilst requesting proof of the allegations. The fear for the Canadian economy is that other products may be targeted...
Sterling drops as pressure on May builds and Brexit negotiations stall

Sterling drops as pressure on May builds and Brexit negotiations stall

Pound to Canadian dollar rates have continued to drop this morning, after seeing a sell-off yesterday afternoon as fears surrounding the progress of Brexit negotiations build. Brexit cross-party talks Rumours within the financial press suggest that UK Prime Minister Theresa May is under pressure to announce the date in which she intends to step down, and she is apparently due to meet Graham Brady today. Graham Brady is the chairman of the 1922 Committee, which is an influential committee that represents members of parliament from her...
Trade Wars and Brexit Uncertainty Continue to Drive GBP/USD Exchange Rates

Pound to Canadian dollar increases: Donald Trump’s twitter account causes major currency fluctuations

Compared to this time last week pound to Canadian dollar exchange rates are trading 1 1/2 cents (1.43%) higher. To put this into monetary policy a £200,000 transfer into Canadian dollars generates clients an additional CAD$5,000. There are many reasons to why exchange rates fluctuate however I'm putting the movement down to Donald Trump's social media activity. Donald Trump causes volatility on currency markets Friday afternoon the President took to his twitter account to tweet the following, 'the United states has been losing, for many years....
Pound to Canadian dollar exchange rate forecast: Will GBP/CAD rates rise or fall in May?

Pound to Canadian dollar exchange rate forecast: Will GBP/CAD rates rise or fall in...

The pound to Canadian dollar is now trending higher as the pound finds some value on expectations that there might well be some progress between the Conservative and Labour Parties cross-party Brexit talks. There has been an increased expectation too that the Bank of Canada could be scaling back their plans to raise interest rates for the future. GBP/CAD rates close to year highs The pound to Canadian dollar rate is very close to some of the best levels we have had all year, presenting some...
GBP to CAD outlook ahead of European elections

GBP to CAD outlook ahead of European elections

The pound to Canadian dollar exchange rate has moved higher breaking over 1.75 for the GBP vs CAD pair, taking levels close to the recent highs seen at the end of March. Since the beginning the year there has been a difference of around 9 cents from high to low. UK local election results Things could have been very different today after the local elections held in the UK yesterday. The results so far have seen losses for the two main parties with both Labour and...
Pound to Canadian dollar forecast: Where to next for the Canadian dollar?

GBP/CAD forecast: Loonie comes under pressure

After hitting an 8-day high against the US dollar earlier this week, the CAD/USD exchange rate has since dropped off in value after some data releases out of the US last night reduced appetite for the Loonie along with a drop in oil prices. US Fed to 'wait and see' before adjusting interest rates The Federal Reserve Bank in the US last night put to rest any hopes of an interest rate cut later in the year whilst outlining the banks plans to continue to 'wait...