Will Pound to Euro Rates Gain in September?

What can we expect next for GBPCAD rates?

The pound to Canadian dollar rate has been much more attractive for Canadian dollar buyers as investors concerns over the price of Oil and also the worrying outlook for trade relationships with the USA. Not only have there been some worrying trends on the relationship with the US but concerns over the price of Oil have also seen the Loonie lose value too. All in all the market appears to look likely to favour clients buying Canadian dollars rather than selling them. If you are...
Canadian Dollar Saved by Inflation Target Being Met but Outlook Looks Worrying

Will 1.72 act as a resistance for GBP/CAD rate once again?

The Pound is having a upward push this week against a raft of major currency pairs, owing to positive sentiment surrounding the Brexit once again. Yesterday we saw the GBP/CAD rate break into the 1.72's and this morning the pair is once again trading in the 1.72's after falling as low as 1.7176 in the early hours of trading. Those of our readers watching the Pound to Canadian Dollar rate will be aware that the pair have struggled to break north of 1.72 previously, with...
Gbp to Cad Exchange Rate Hits a 1-Month High as Risk Appetite Returns to Global Markets

Canadain dollar value set to fall

The Canadian dollar has lost ground today off the back of oil prices taking a tumble. Oil is Canada's largest export and there is a direct correlation between oil and the price of the Canadian dollar. However its not oil prices that I would be concerned about if needed to convert Canadian dollars into a foreign currency anytime soon. The Canadian people should be keeping a close eye on US President Donald Trump as the President has been making it clear that he plans to...

Politics and Brexit hold back the Pound (Daniel Johnson)

CAD moves from strength to strength The Canadian Dollar continues to strengthen against the pound. There has been a recent rate hike by the Bank of Canada (BOC) from 0.5% to 0.75% and there is the possibility of further rate hikes in the not too distant future. The Canadian economy is currently very strong with positive data across industries. Canada's primary export, oil is also in high demand following a cull in oil production from Organisation for Petroleum Exporting Countries (OPEC). OPEC have put in...

GBPCAD Stable for the moment? (Tom Holian)

With little data due out at the moment for either the UK or Canada GBPCAD exchange rates have remained relatively quiet. We are coming to the end of the month and at this time there is typically minimal data releases that might impact exchange rates. On Tuesday Canada releases both Import and Export data and with the Loonie having been strong fairly recently this could potentially be a little negative as with a strong currency this is likely to have affected this particular set of data. On...
Will Pound to Euro Rates Gain in September?

Will the Pound continue to climb vs the Canadian Dollar, and what factors could...

The Pound has been climbing against all major currency pairs recently, after sentiment has improved surrounding the UK economy quite dramatically in recent weeks. It seemed to get a shot in arm a few weeks back when both Spain and the Netherlands announced that they want post-Brexit conditions to remain conducive to business continuing as normal. Since then hopes of a transitional deal have increased with some major media outlets in the UK jumping the gun and announcing that the deal and the conditions involved had...
Will Pound to Euro Rates Gain in September?

CAD continues to go from strength to strength (Joseph Wright)

The Canadian Dollar has continued to climb in line with the improving oil price, as Sterling finds itself in the unenviable position of August's biggest loser of the major currency pairs. The Canadian Dollar is closely correlated to the value of oil as it's the country's biggest export, so with oil recently hitting a one month high it's no surprise to see the Loonie posting gains, and I think it's worth noting that CAD has gained on the USD for around 6 consecutive trading sessions...
Pound to Canadian Dollar Drifts Lower as Global Sentiment Improves

Will GBPCAD rise or fall?

The pound has really struggled today dragging GBPCAD down almost 3 cents as investor concerns over the economic outlook for the UK increase. The Bank of England reduced growth forecasts and withdraw previous support for an interest rate hike causing the currency to slide as largely expected. The GBPCAD rate had been moving closer to the 1.60 rate in the last few weeks but a much softer CAD had provided some short term relief for CAD buyers. If you have a transfer buying or...
GBPEUR: Chances of No-Deal Force GBP to Surrender Gains

GBP CAD Rockets on Snap UK Election Decision (James Lovick)

The pound has rallied to a 7 month high against the Canadian dollar this week creating an excellent opportunity for those clients needing to buy Canadian dollars. The trigger for the improvement in the numbers has been as result of the announcement of a snap general election in the UK for 8th June. The markets have taken the news incredibly well and the belief is that the Conservative government will win a clear majority which should help strengthen the negotiating position with regards Brexit. Those...
Pound to Canadian Dollar Outlook: BoC Interest Rate Cut Bets Soar as Oil Prices Sink CAD

Pound falls against the Canadian Dollar owing to election uncertainty (Tom Holian)

Pound exchange rates vs the Canadian Dollar fell on Friday after an opinion poll released showed that the lead of the Tories vs Labour is falling. Having previously been at a much bigger margin the gap is now just at 5%. This has caused a big surprise to global investors and this has led to a huge sell off for the Pound against all major currencies including vs the Canadian Dollar. Indeed, up until this week the Pound has been making huge gains against the Canadian...