Pound to Canadian Dollar Remains Steady in 1.7479 and 1.7595 Range

Oil surge leads to Canadian Dollar strength – CAD gains against most majors

The recent global uncertainty and political tensions surrounding Iran have led to  surge in the price of oil and we saw U.S crude oil futures gain 3% over the course of trading yesterday following the U.S decision to abandon a nuclear deal with Iran. This news has managed to take away some of the weakness for Canadian Dollar exchange rates and has countered the uncertainty over the NAFTA agreement that has been weakening the Canadian Dollar in recent weeks. With oil being one of Canada's major exports oil price movements...
GBPCAD Rates: Lack of Faith in the Pound Highlighted by Oil Crisis?

GBP CAD Falls Sharply after Positive NAFTA Developments

The Canadian dollar saw a volatile day yesterday making good gains against the pound. Rates for the GBP CAD pair fell sharply from almost 1.84 to a low of 1.8146 creating a small window of opportunity for any clients looking to sell Canadian dollars. The pound has been driven higher in recent weeks especially after a deal was reached between Britain and the EU on transitional arrangements surrounding Brexit. The perceived better outlook on Brexit has proved very beneficial for sterling exchange rates seeing...
Brexit and Coronavirus Weigh on GBP as Oil Price Collapse Causes CAD Value to Fall

GBP/CAD rates still falling

It seems that much of the bad news which is weakening the CAD and strengthening GBP/CAD rates are the result of long-term projections, most of which can easily be solved in the short term before these issues come to the fore. This article explains that the CAD may weaken in the short-term, but these will not be long-term. Data releases next week on Canadian manufacturing and foreign investment figures will likely change this recent trend. Read inside to get an up to date forecast and advice on how to maximise the return on your GBP/CAD transfer.
Pound to Euro Exchange Rate Outlook: Busy Week Ahead for GBP to EUR Rates

CAD to be boosted by business optimism, will buying rates get more expensive? (Joshua...

Much of the recent narrative driving GBP/CAD exchange rates has come from the boiling pot of the UK election, but with the final debate before the election last night finished, the spotlight may shift back to Canada with some important news to be released today. The election has suddenly thrust a sour note on the Pound since last Thursday due to the sudden tightening of the race between the Conservatives and Labour party. A seemingly insurmountable 22 point lead when the election was first announced at...
Pound Stronger vs Canadian Dollar this Morning

GBP/CAD Rates Rockets off Remain Lead

Canadian dollar has lost major ground against Sterling off the back of the news that the Remain campaign has entered into the lead. The financial markets have been pricing in the Remain victory and Sterling has managed major gains against most major currencies. The price of oil has also been on the rise which you would of though may have been able to provide some CAD confidence however Brexit has stolen headlines. Last week oil dropped back below $50 a barrel, but has since the...
Pound to Canadian Dollar forecast Sterling exchange rates drop as UK economy contracts during 2nd quarter of this year

Pound to Canadian Dollar forecast: Sterling exchange rates drop as UK economy contracts during...

This morning, the pound to Canadian dollar exchange rate weakened following the UK's GBP economic data release, shocking the markets and resulting in a weaker pound as the financial markets digest the news. UK GDP figures below market predictions Gross Domestic Product (GDP) for the 2nd quarter of 2019, which was expected to show 0% growth has dipped below market expectations and the figure released this morning shows that the UK economy contracted by 0.2% during this time. This is the first contraction since 2012 and...
Pound to Canadian Dollar Remains Steady in 1.7479 and 1.7595 Range

Pound to Canadian Dollar Remains Steady in 1.7479 and 1.7595 Range

The pound to Canadian dollar this morning was trading at 1.7505 on the interbank exchange rate at the time of writing. The pound to Canadian dollar interbank exchange rate has edged up slowly from the recent lows seen on the 19th March of 1. 6541. The global number of cases of Coronavirus have now exceeded 930,000. The number of cases in Canada is relatively low at 9,700 which could help the Canadian dollar if the number of cases do not increase dramatically. Prime Minister Boris...
Pound Sterling Forecast – Will the Pound Weaken Ahead?

GBPCAD close to 12 month lows, what next? All eyes on the Canadian dollar...

If you are buying Canadian dollars with sterling the outlook is not terrible but it is likely the pound will lose further ground against the Loonie as investors fears over the Referendum continue to manifest. This is in my opinion going to be the main driver on GBPCAD exchange rates in the coming weeks and months although of course there will be other factors to take stock of. The price of Oil also has a large impact on the value of the Canadian dollar and...
Sterling Declines Ahead of EU-UK Trade Negotiations

What will effect the Canadian Dollar short term? (Daniel Johnson)

How will the US rate hike effect the Canadian Dollar? The US dollar actually weakened following the rate hike as Fed chair-lady, Janet Yellen had a very cautious tone when addressing the possibility of further rate hikes. Despite the possibility of a further two rates hikes this year, Yellen indicated there would have to be continued improvement in the US economy in order to justify a further hike and also have the firm belief it would not be detrimental to growth. A rise in oil...
GBPCAD Rates: Lack of Faith in the Pound Highlighted by Oil Crisis?

Brexit vote cancelled – Sterling drops against the Canadian Dollar as pressure mounts on...

The Pound has had a bad start against all major currencies this week along with losing ground against the Canadian Dollar. Yesterday Prime Minister Theresa May suffered a barrage of difficult questions at the House of Commons as she made the move to postpone her crucial Parliament vote regarding the Brexit deal that she has managed to negotiate. Prime Minister May will head back to Brussels to renegotiate, however it is hard to see her making enough progress to be able to satisfy those that are...