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...
GBP CAD Rates Boosted on Brexit Hopes

Canadian Dollar suffers despite rate hike (Daniel Johnson)

NAFTA is a cause for concern for CAD The Bank of Canada (BOC) decided raise rates last week after positive economic data, particularly unemployment, which plunged to the lowest levels in forty years. Common belief would be to assume a rate hike means a stronger currency, this is not always the case. The market moves on rumour as well as fact and the rate hike was anticipated following the release of the unemployment data so the hike was already factored into the exchange. There is also...
Pound to Canadian dollar forecast - stead ahead of mid-term elections

What can we expect from GBPCAD in the next week?

The pound has had a volatile few weeks against the Canadian dollar with rates ranging between 1.66 and 1.70 as investors take stock of the upcoming US interest rate hike and also developments in the UK political situation. Current market predictions centre on a stronger pound as Brexit negotiations gain some momentum and the worst fears for the UK and the pound fail to materialise. GBPCAD has hit some fresh highs touching almost 1.70 of late which is some of the best rates we have...
GBP/CAD Forecast: Pound to Canadian rates volatile on Oil and Brexit

Canadian Dollar drops in line with oil weakness, will GBP/CAD continue to climb? (Joseph...

The Pound to Canadian Dollar rate breached the 1.70 mark once again this morning, after previously hitting that level back on the first day on this month. Mid-market levels of 1.70 are the highest since June of last year, meaning that those converting their Pounds into Canadian Dollars are able to do so at some of the best levels in almost 18-months. The reason behind this can be put down to both Sterling strength as well as CAD weakness, as talks of the 23-year old NAFTA...
GBPEUR rate remains steady as markets await the Autumn Budget

Will uncertainty surrounding the UK government push the Pound lower? (Joseph Wright)

The Pound to Canadian Dollar rate, despite trading within quite a wide range over the past year is actually flat on an annualised basis, after the Pound has lost quite a lot of value in recent weeks due to mounting pressure on the UK's Prime Minister. There are apparently dozens of Conservative MP's that are prepared to sign a vote of no-confidence against the current PM which is putting pressure on the Pounds value, and recently it's fallen against the majority of major currency pairs. At...
GBP to CAD Rates Slip after Strong Week

Sterling predicted to fall further in 2018, should you exchange your Pounds now? (Joseph...

This morning could be important for Sterling exchange rates as UK trade balance figures for the Pound are due to be released. UK Trade balance figures are important because they will demonstrate the gap between what Britain buys from the rest of the world versus what it sells back. This update comes at a time that major Swiss lender, UBS have highlighted the growing imbalance in the UK's trade book which is the highest of all G7 countries. Due to the uncertainty surrounding the UK economy...

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...
GBPEUR rate remains steady as markets await the Autumn Budget

BOC Moneatry Policy decisions shows a strong eonomic back bone for Canada (Daniel Johnson)

Who is making the correct moves for their economy the BOE or the BOC? There is little data of consequence released form both Canada and the UK this week. To put it bluntly I'm am of the opinion the Canadian economy is looking far healthier than the UK's. We have seen two consecutive rate hikes from Canada in a row. A rarity from a central bank. It shows real faith in economic growth. Mark Carney, the governor of the Bank of England (BOE) has recently hinted...
Interest rate decision for Canada

Pound to Canadian Dollar rate holds firm above 1.65, what data could impact the...

The Pound has had quite a positive day during today's trading session, after some better than expected economic data was released this morning. After a disappointing day yesterday when it was revealed that the construction sector shrunk for the first time in a year, the mood changed this morning as the services sector data came out better than expected. The services sector is very important in the UK and data surrounding it tends to have a big impact on Sterling exchange rates as the sector covers...
Could we see further CAD strength

Will GBPCAD reach 1.70?

The pound has risen to fantastic fresh highs against the Canadian dollar which is an excellent opportunity for any clients looking to buy Canadian dollars with pounds. If you are looking to make any kind of currency transfer in the future buying Canadian dollars these levels may not last for too long and making the most of them could be very worthwhile. Expectations on the rates for the future are mixed but overall I would expect the pound to lose further ground against most...