GBPEUR rate remains steady as markets await the Autumn Budget

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...

Sterling boosted on talk of a potential 2-year transition period, will GBP/CAD continue to...

The Pound traded in quite a volatile fashion yesterday after a number of mixed messages were sent by key Brexit personnel. The end of the 5th round of Brexit negotiations lead the UK's Brexit Secretary, David Davis to offer his views on how negotiations are going so far, and he was fairly upbeat. This was in contrast with his European counterpart, Michel Barnier who in contrast appears frustrated at how the talks are progressing, and this lead the Pound to fall. The International Monetary Funds managing...
GBP to CAD forecast: Brexit Fears Helping to Support CAD Value

Will the pound rise or fall against the CAD in the coming weeks?

The pound is looking like it will only struggle further against the Canadian dollar as we get closer to the reality of the Brexit. Brexit uncertainties are probably not a surprise to many reading this blog, you might even be bored of hearing about them but if you are concerned with the pound and the Canadian dollar on any form of transaction, it is a reality you will need to face up to. The pound looks like it could well drop much further as politically...
Canadian economic data to influence direction of GBP/CAD rates

GBPCAD drops even further! Will we break 1.60?

Overnight the CAD dollar has strengthened against the pound as investors concerns over the likelihood of further US interest rate rises increase. The expectation of further hikes in 2017 is fading and this has seen the US dollar lose ground across the board. One beneficiary of this has been the Canadian dollar which has strengthened against the pound moving to lows last seen in July, but to get lower you would have to go to last year. This is presenting an excellent opportunity to...

Pound slides after latest Bank of England comments, will the GBP to CAD rate...

The Bank of England yesterday opted to keep interest rates on hold, and whilst this was expected it was the less bullish voting patterns and dovish comments from the BoE's governor that caused the Pound to fall further. Due to the increasing inflation pressures after the Pound's drop in value since the Brexit vote, there had been talk of raising interest rates in order to counter this, and previously the voting members of the Bank of England had voted at almost a 50/50 split in...
GBPEUR rate remains steady as markets await the Autumn Budget

Brexit still key factor in GBP/CAD buoyancy levels (Daniel Johnson)

Brexit Update Theresa May has warned the House of Lords that if Parliament have the opportunity to have the final say on Brexit it could be detrimental to the deal struck. If parliament are given the right to vote it would give EU negotiators further strength. Many peers at The House of Lords are expected to move against May's wishes and demand that parliament will get to vote on the final bill. May's spokesman has stated "If we are in a position where any deal negotiated by...
GBPEUR rate remains steady as markets await the Autumn Budget

Brexit could cause GBPCAD to fall further

Since the UK public voted in favor of leaving the European Union exchange rates have dropped 26 cents. To put this into monetary terms a 200,000 Canadian dollar purchase is now £16,900 more expensive. For Canadian dollar buyers, the House of Lords should reach a decision to whether Theresa May can trigger Article50 in the upcoming days. I don't believe they will make any amendments to the white paper therefore the triggering of Article50 looks likely towards the end of March. With exchange rates falling 26...

Sterling continues to decline as markets await Brexit decision, will the Pound continue to...

The Pound continues to come under pressure against the Canadian Dollar as foreign exchange markets continue to digest the much talked about interview of UK PM, Theresa May over the past weekend. The markets have concluded that May's comments alluded to a preference for a Hard Brexit, whereby the government will focus more on the control of immigration as opposed to making the retention of the UK's access to the single market a priority. Ever since the UK electorates vote in favour of a 'Brexit', markets...
GBP to CAD forecast: Brexit Fears Helping to Support CAD Value

Is 1.70 the ceiling for the GBP/CAD pair this side of the new year?...

The Sterling to Canadian Dollar exchange rate tested the 1.70 mark during the height of the Pounds recent surge. Sterling was boosted substantially by the election of Trump, and it was the Trump factor along with the High Courts vote in favour of the UK Prime Minister needing parliamentary approval before beginning the Brexit process that has really given the Pound a boost. During the height of Sterling's recent surge the highest the GBP/CAD pair hit was 1.7022 back on the 14th of November, and since...
GBP to CAD Rates Slip after Strong Week

Sterling slips from it’s recent highs as oil strength continues to boost the Canadian...

After posting a positive start to the week the Pound is once again on the decline against the Canadian Dollar. The GBP/CAD pair did hit an almost 2 month high of 1.70 within the past week, but a combination of oil prices rebounding to their strongest levels since October and some better than expected retail sales data out of Canada today has given the Loonie the advantage for now. Despite the Canadian Dollars fightback the Pound is still holding onto much of it's recent gains after...