GBPEUR rate remains steady as markets await the Autumn Budget

OPEC to influence rates to buy Canadian Dollars with Sterling (Tom Holian)

Sterling vs the Canadian Dollar has gone in an upwards direction as oil prices are predicted to fall as Russia has said that it will not attend the current OPE meeting due to take place tomorrow. As the Canadian Dollar is a petro-dependent currency any fall in the value of oil prices causes the Canadian Dollar to weaken vs Sterling and this is what has happened over the last 24 hours. Many countries want to see a reduction in oil output to allow the price per...
US Dollar Forecast: US Dollar set to lose value

Canadian Dollar slips as Trump makes new NAFTA surprise!

The Canadian Dollar has lost value today after a surprise comment from the US' White House chief economic adviser. Larry Kudlow is chief economic adviser to the White House so he has a close relationship with US President Donald Trump. Today Kudlow confirmed that Trump wishes to negotiate separate bilateral deals with Mexico and Canada. The reason for the market reaction is due to this coming as a surprise, and also the change it will bring if it goes ahead. The current plan in place...
GBP to Canadian Dollar forecast: Sterling falls as no deal looks more likely

GBP to Canadian Dollar forecast: Sterling falls as no deal looks more likely

It's been an action packed couple of weeks for the UK and the ongoing Brexit negotiations and the pound lost value last night as the chances of no deal increased. UK Prime Minister Theresa May announced that she had applied for an extension of Article 50 until the end of June, however she would not seek a longer extension if her deal doesn't go through next week. Quite simply this means that the UK could actually crash out next week, which could put major pressure...
GBPEUR rate remains steady as markets await the Autumn Budget

Volatile day on GBPCAD exchange rates!

Yesterday saw some big swings on the GBPCAD exchange rate reminding us how important it is to be prepared on the currency markets of any unexpected twists and turns. Just as the pound was having a very bad day and GBPCAD to 1.6780 the Bank of England Governor Mark Carney dropped some hints that he might wish to raise interest rates sooner in the UK than had previously been believed causing the rate to rocket to, by 3 hours later we were up at...
GBP to CAD rate over 1.75 as Brexit withdrawal approaches on 29th March

GBP CAD Rallies – Theresa May In Brussels Tonight

GBP CAD exchange rates have seen an excellent day with gains of around 1% for this pair with levels hitting a high today of 1.6686 creating some better opportunites for those clients looking ot buy Canadian dollars. British politics continue to be the main driver for GBP CAD and the planned dinner this evening between UK Prime Minister Theresa May and Jean Claude Juncker should create new direction for sterling exchange rates across the board. We will probably need to wait until tomorrow for the...

Overnight comments by Obama reverses gains for CAD

The rumour mill  was in full swing yesterday, as Bloomberg printed an article quoting an 'un-named French official' following his meeting with US President Barack Obama. He revealed Obama's concern that the Strong US-Dollar would prove to be 'a problem' for the US economy. The US timeline for raising interest rates is so firmly at the front of investors minds, that even though the quote could not be confirmed, the fear alone moved the markets significantly. What does this have to do with the CAD? The...
Brexit updates and movements for the pound vs the Canadian dollar

GBP/CAD Rates almost hit 1.94! (Joshua Privett)

Yesterday was an extraordinary day for Sterling. Most analysts were expecting the FED interest rate decision to govern Canadian Dollar rates. As the US is Canada's largest trading partner, any important economic information released from there has an indirect effect on Canadian Dollar value. But rather than poor US data weakening the CAD, it was strong UK data which increased the value of the Pound across the board against all major currencies. The dark horse data release that no analysts had even hinted at, was...
GBP/CAD Exchange Rates: Brexit Deal or No-Deal Likely to be the Driving Factor

GBP/CAD Forecast – CAD Finds Support Following Sterling Spike (Matthew Vassallo)

GBP/CAD rates have fallen during Tuesday’s trading, as the CAD found some support around 1.70. The CAD hit a high of 1.6873, giving it some much needed respite following the recent loses against Sterling. Sterling’s performance against the CAD has not been mirrored against most of the other major currencies and therefore the recent spike is somewhat surprising. Considering how much pressure the UK economy has been under of late, this improvement has been taken advantage of by many of our clients with a short-term GBP/CAD currency...
GBPEUR rate remains steady as markets await the Autumn Budget

Sterling Strength Softens – Where Next for GBP/CAD Exchange Rates? (Matthew Vassallo)

Sterling’s early year run against the CAD has softened of late, with the Pound finding resistance around 1.65. The CAD has found support over the past week, with the pair now trading around 1.63. Much of the current market sentiment is being driven by the UK’s on-going Brexit saga and with further developments over the coming weeks, I expect this trend to continue. UK Prime Minister Theresa May is currently hoping the governments Brexit bill is passed through the House of Lords, which would allow them...

Brexit jitters cause problems for the Pound vs the Canadian Dollar (Tom Holian)

There has been very little economic data due out so far this week and the market is clearly being governed by what is happening politically at the moment. Sterling exchange rates are being affected by the Brexit talks and with the fifth round having started yesterday we are still a very long way from any form of resolution. Towards the end of last week rumours were increasing that there may be some Tories looking to challenge May and that they would be looking to create a...