GBP/CAD Forecast: Pound to Canadian rates volatile on Oil and Brexit

Canadian Dollar Strength although NAFTA Uncertainty Remains

The Canadian dollar continues to make gains across most of the major currencies including the pound as the price of oil climbs higher. The price of oil has been climbing higher after tensions escalated in the Middle East following the decision from US President Donald Trump to pull out of the Iran nuclear deal. This geopolitical uncertainty is pushing the price of oil higher and this is so far proving beneficial for the Canadian dollar due to the fact that Canada is a net...
GBP to CAD Rates Slip after Strong Week

Canadian Dollar Strength over Uncertainty in Middle East

The Canadian dollar is continuing to make gains across most of the major currencies with a particularly strong improvement against the pound. Rates for GBP CAD have now fallen to 1.7342 creating an excellent opportunity for those clients looking to sell Canadian dollars for pounds. The Canadian dollar has been boosted on the rising price of oil which has stemmed from geopolitical concerns in the Middle East. US President Donald Trump has pulled out of the Iran nuclear deal which is creating uncertainty in the...
GBP CAD Rates Boosted on Brexit Hopes

Canadian Exchange Rates ahead of Canadian Retail Sales

The Canadian dollar has come under considerable pressure of late which has presented those clients looking to buy Canadian dollars with some much better opportunities to purchase. Canadian dollar exchange rates have fallen largely as a result of the breakdown in the North American Free Trade Agreement (NAFTA) which is creating additional uncertainty for the Canadian economy. US President Donald Trump has Rates of exchange for GBP CAD are at the highest levels seen since last May with levels sitting above 1.75 for this...
Interest rate decision for Canada

Will GBPCAD continue to rise?

Fresh concerns over the price of Oil following the latest OPEC (Organisation Petroleum Exporting Countries) concerns. Essentially calls to limit global production to help the price of oil rise have hit stumbling blocks, there is an expectation production caps in place will be extended further into 2018. Expectations are that such developments may ultimately prove unlikely, hence the fall in the value of the Loonie. If you need to buy Canadian dollars with pounds then getting something done sooner than later is the best way...
GBP/CAD Forecast: Pound to Canadian rates volatile on Oil and Brexit

Canadian Exchange Rates Ahead of Bank of Canada Statement

GBP CAD exchange rates have fallen dramatically following the Bank of England interest rate decision to raise interest rates yesterday and have failed to bounce back today. Anyone looking to sell Canadian dollars for pounds have been presented with an excellent opportunity which came as a surprise to the markets. The fact that interest rates are now not likely to be rising again anytime soon should keep pressure on GBP CAD especially considering the ongoing Brexit negotiations where progress is slow. The Canadian dollar had...
Sterling drops against the Canadian Dollar as pressure mounts on Theresa May

GBP CAD Rallies – Theresa May In Brussels Tonight

GBP CAD exchange rates have seen an excellent day with gains of around 1% for this pair with levels hitting a high today of 1.6686 creating some better opportunites for those clients looking ot buy Canadian dollars. British politics continue to be the main driver for GBP CAD and the planned dinner this evening between UK Prime Minister Theresa May and Jean Claude Juncker should create new direction for sterling exchange rates across the board. We will probably need to wait until tomorrow for the...
GBPEUR rate remains steady as markets await the Autumn Budget

GBP CAD Rallies on EU Discussion on Future Trade

GBP CAD exchange rates have seen a volatile week largely as a result of the ongoing Brexit developments which have had a direct and substantial impact on the price of sterling. The pound has made gains against the Canadian dollar after it was reported late yesterday that the European Union would now start discussions about a future trade agreement between Britain and the EU but without Britain. The news was received extremely well with sterling making gains across the board. GBP CAD now sits...

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

GBP CAD Rallies on Theresa May Speech in House of Commons

GBP CAD has seen a good boost to start the week with gains of almost 1% for the pound against the Canadian dollar. Last week was on the whole negative for sterling exchange rates as the uncertainty over Brexit continues to be the single biggest driver for the UK and hence the pound. Today’s rally appears to be on the back of an expected statement from UK Prime Minister Theresa May to the House of Commons this afternoon where it is understood she will give...
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...