Will GBP/CAD continue to fall to new lows? (Joseph Wright)

Today is an important day on the financial calendar for Sterling exchange rates and I'm expecting some sharp movements in the GBP/CAD exchange rate around lunchtime, as this is when the Bank of England's Monetary Policy Committee will be announcing their most recent Interest Rate decision. GBP/CAD is currently trading just above an almost 3 year low as the Pound has been under continued pressure since the shock 'Brexit' decision was announced, and I think that if there is a rate cut, particularly a larger...
GBP to CAD forecast: Brexit Fears Helping to Support CAD Value

What can we expect next for GBPCAD exchange rates?

GBPCAD exchange rates have risen back to some of the best rates to buy CAD with the pound since before the Referendum. Overall expectations are for the pound to continue to rise should the EU deal be concluded which could happen as early as today. If you are looking to buy the Canadian dollar with the pound then you could be in for some very favourable opportunities should this all go according to plan today. The Canadian Governor Stephen Poloz has also given some indications...
Could GBP/EUR breach 1.13 this week?

GBPCAD improves on OPEC deal

This afternoon has seen some interesting developments with the OPEC meeting leading to apparently an agreement which would see the members reach agreement on cutting output. Markets have improved this afternoon as confidence returns and investors place bets on future moves. GBPCAD is fairly steady but the pound has risen against most currencies. The Canadian dollar is stronger at the moment relatively speaking since the Canadian dollar is looking like it will benefit in the future from a higher oil price. The expectation for the...
Sterling drops against the Canadian Dollar as pressure mounts on Theresa May

GBPCAD hits fresh over 1.80 highs!

GBPCAD exchange rates have risen to over 1.81 as mounting concerns over the pace of future Canadian interest rate rises were dealt a fresh blow yesterday. In recent weeks concerns of Trump's rhetoric on trade had seen the Loonie dollar lose ground. Yesterday Stephez Poloz, Governor of the Bank of Canada gave a speech in which he hinted at a slower pace of future interest rate rises. The Canadian dollar has in the last year been stronger against all currencies as the BoC embarked ona ...
GBP to CAD forecast: Brexit Fears Helping to Support CAD Value

Will the UK cut Interest Rates? (Dayle Littlejohn)

Since the UK's decision to leave the EU, the pound has been losing momentum against the Canadian Dollar. The next key decision that will impact GBPCAD exchange rates is the UK's interest rate decision next Thursday. Governor of the Bank of England Mark Carney had already eluded to cutting interest rates last week and many speculators believe this could be as early as next Thursday. Personally I have to disagree. I believe it's far too early for the Bank of England to actually know the exact...
Canadian economic data to influence direction of GBP/CAD rates

What will happen to the Pound against the Canadian Dollar this month? (Tom Holian)

The Pound has had a strong end to the week against the Canadian Dollar as oil prices have started to fall which has had a negative impact on the Canadian Dollar. Crude oil has fallen by over 5% and this was the biggest single daily fall for over 12 months and was caused by the US claiming that it currently has a rather large surplus of oil. The price of a barrel of oil has now fallen to below USD$50 for the first time since December...
GBP/CAD Rates Fall after Disappointing Outcome at EU Summit for British PM

CAD strengthens from rate hold

CAD became a relatively more attractive prospect yesterday in the North American markets. The Federal Reserve Bank of America voted to keep interest rates on hold yesterday afternoon, and the dovish tones presented to justify the hold are what has caused the USD to weaken so dramatically. CAD/USD spiked rapidly to a 1 month high of 0.764 from lows of 0.757 as confidence in the USD depreciated. Janet Yellen, Chair of the FED, depicted the Central Bank to be on the back-foot in regard to...
GBPEUR rate remains steady as markets await the Autumn Budget

Referendum and Oil Causing CAD Volatility

The bookies have cut the odds on a Leave victory in the Referendum after more polls point towards a potential Brexit. Like most major currencies, the CAD has been able to make major gains against Sterling of the back of the volatility. No doubt as we move close to the vote I would not be surprised to see GBP/CAD slip under the 1.80 mark. Whilst the Referendum has caused plenty of volatility for the rate, CAD’s main influencer is the price of Oil. Canada’s main...
Canadian economic data to influence direction of GBP/CAD rates

What can we expect next on the Canadian dollar to pounds exchange rate?

Market predictions are firmly focused on the upcoming UK Referendum due on the 23rd June but there are other events around to take stock of. From the Canadian dollar side the price of Oil is a huge factor in determining how the currency will perform. The market will be looking for clues from economic activity as to what they can expect in the future from Oil markets. Essentially an improving price of Oil is good for the Canadian dollar since it indicates that the...
Pound to Canadian dollar forecast - stead ahead of mid-term elections

Bank of England comments from last week continue to weigh on Sterling’s value

The Pound to Canadian Dollar exchange rate has begun the week flat, as the Pound continues to struggle for direction after the important Bank of England (BoE) meeting last week. Interest rates in the UK have risen to their highest level in the past 10-years, after last week all voting members of the BoE voted in favour of making the hike. This is a positive sign for the UK economy and the decision has come about due to prolonged inflation levels above 2% and a...