Gbp to Cad Exchange Rate Hits a 1-Month High as Risk Appetite Returns to Global Markets

Pound to Canadian Dollar: Sterling loses ground due to Brexit uncertainty

GBP/CAD rates have remained at consistent buoyancy levels over the last month. As has been the case for nearly a year. The pound has failed to breach 1.77 and is proving to be a stubborn resistance point. It was late March 2018 when the pound's value dropped below this level and sterling is yet to recover. GBP/CAD currently sitting in the low 1.75s. It has been a turbulent year for both Canada's and the United Kingdom's economies. Brexit remains the key factor on GBP/CAD and will...
Gbp to Cad Exchange Rate Hits a 1-Month High as Risk Appetite Returns to Global Markets

Pound to Canadian dollar rates ahead of Parliamentary votes on Brexit

Pound to Canadian dollar rates face a volatile few days ahead as developments over Brexit continue to drive the GBP to CAD pair. Today the Speaker in the House of Commons will choose from a series of amendments that have been put forward for Parliament to vote on. There are two amendments in particular that are likely to attract attention from the markets. The Yvette Cooper / Nicholas Boles amendment which seeks to delay Article 50 could take a no deal Brexit scenario off the...
Pound to Canadian Dollar Outlook: BoC Interest Rate Cut Bets Soar as Oil Prices Sink CAD

US interest rate strengthens the Canadian dollar

Overnight the US Federal Reserve as widely expected raised interest rates which provided strength for the Canadian dollar as investors feel that a higher interest rate in the US will help the Canadian economy. The Federal Reserve interest rates is now one of the highest out of the G10 currencies and the press conference after hinted that gradual interest rate hikes throughout 2018 are likely. The Canadian dollar straightened overnight however the pound has been making inroads against the Canadian dollar this morning. Today UK...
Pound Stronger vs Canadian Dollar this Morning

Canadian Dollar gains back ground as stock market volatility cools – Inflation next week...

Canadian Dollar exchange rates have gained ground a little over the past few trading days as U.S stock market volatility has cooled a little over the course of the week. We did see another drop during the opening bell in trading yesterday, however there was a fight back and the losses were made up by the end of the trading day. With the USD being so volatile at present it is fairly hard to predict just where CAD exchange rates will head next, as there are...
GBPEUR Rejected by 1.17 Price Level Again

Quiet Week for CAD, Busy Week for Sterling (Ben Fletcher)

This week there is a couple of minor releases from Canada on Friday however very little in the form of official data. Alternatively for Sterling there is an enormous amount of data so expect the rates to jump around this week. Tomorrow for Sterling the Consumer, Retail and Producer price indexes will all be released which will show changes in prices from the previous month. The data is expected to show more positivity than negativity, but it’s hard to predict data since the Brexit...
Oil Price Volatility Expected to Continue, Could GBPCAD Break Through 1.80 Barrier?

Pound to Canadian Dollar forecast: Bank of England member provides a more dovish outlook,...

The pound to Canadian dollar exchange rate has been creeping down over the past few months, with the interbank level dropping from the mid 1.70s all the way down to the lower 1.60s at the time of writing this post. GBP/CAD pairing close to 2 year lows: Investor concerns over Brexit The pairing is closing in on a two year low, so anyone that has Canadian dollars to bring back into pounds is in a great situation as they will have gained roughly 7% over the...
GBPEUR Rejected by 1.17 Price Level Again

Will GBPCAD rates slip below 1.70?

GBPCAD rates have fallen and could easily fall below the 1.70 mark if we see fresh worse news for the pound and the Canadian dollar keeps performing well. The pound to Canadian dollar rate has already been below 1.70 this year falling in July and August touching 1.66. Expectations that Brexit might not be that bad have helped lift the pound but this is not looking so good now. Market focus is firmly back on the problems likely to be ahead with Brexit and...
Gbp to Cad Exchange Rate Hits a 1-Month High as Risk Appetite Returns to Global Markets

CAD Experiences 6-Month High but Some Suggest It May Be an Anomaly

The Canadian Dollar has experienced a strong end-of-year spike to finish off 2019. The high occurred as USD/CAD fell as far as 1.3075 during Friday morning trading. Limited end of year liquidity and general US Dollar weakness were to blame for USD slide, but some are suggesting that CAD’s gains may be an anomaly which are out of character for the rest of the month. Meanwhile, GBP is still suffering at the hands of the uncertainty surrounding Brexit and the risk of a no-deal. CAD...
GBPEUR Sinks Again with Virus Case Surge

Trump threatens to leave NAFTA (Daniel Johnson)

 NAFTA collapse a possibility There are worries for the Canadian Dollar at present caused by the potential for the North American Free Trade Agreement (NAFTA) to disintegrate. President Trump has stated that there is the possibility the US could drop out of the trade deal if there is not agreement in hard-line proposals on Canada and Mexico. If Trump is serious about the threat and follows through with it this has the potential to severely weaken the Canadian dollar as the US is Canada’s primary trade...
GBPCAD Rates: Lack of Faith in the Pound Highlighted by Oil Crisis?

GBPCAD driving – STEVE EAKINS

Buying the Canadian dollar has become more expensive of late with the Pound. The reason for this has been sterling weakness rather than Canadian Dollar strength. The dollar has generally continued to struggle with the fires impacting oil production, the only boost for them has been as a result of the trade agreement with the US. As the US dollar strengthens on speculation of a potential interest rate rise there, the Canadian Dollar has been benefiting. In the recent past Sterling weakness has been driven...