How will the GBP/CAD rate perform in 2019?

How will the GBP/CAD rate perform in 2019?

The GBP/CAD rate has been rather volatile as we end 2018, losing ground as the price of Oil struggles and sterling feels the force of the general market dissatisfaction over Brexit. Expectations for the pound and Canadian dollar could be rather mixed in 2019, as both currencies struggle under the weight of the various challenges. For the UK it is clear Brexit is a cause of market displeasure, not knowing what the final outcome will be from the UK's withdrawal from its biggest trading partner....
Pound to Canadian Dollar Forecast: GBP/CAD rate nudges 3 month highs

Pound to Canadian dollar forecast: GBP/CAD rate nudges 3 month highs

In this pound to Canadian dollar forecast we discuss the GBP/CAD exchange rate which has risen recently as weakness in the Canadian economy and a lower price of Oil all weighed on the Loonie dollar. Economic news released this week showed that Inflation was slightly lower than expected, making it less likely the Bank of Canada will need to raise interest rates again so soon. The Bank of Canada has been a little more cautious of late with the global economy struggling to make sense...
Pound to Canadian Dollar Strength as Oil Price Plummets

Pound to Canadian Dollar Strength as Oil Price Plummets

Pound to Canadian dollar exchange rates have rallied this week after a sudden drop in the price of oil which fell by over 7% on Tuesday. With global production presently increasing this is forcing the price of oil lower which is having a negative impact on the Canadian dollar which is a commodity currency. With the US now producing vast amounts of shale this is also helping to weaken the price of oil. As Canada is a major exporter of oil a lower price...
GBP to CAD forecast: Brexit Fears Helping to Support CAD Value

GBP to CAD forecast: Brexit Fears Helping to Support CAD Value

Sterling has climbed away from last week’s low against the CAD, with the pair once again trading back above 1.70. This will feel like a small victory for many clients looking to execute a GBP to CAD exchange over the coming days, considering at last week’s low the Pound had fallen below 1.68. The recovery came in line with Theresa may withstanding a vote of no confidence by her own Tory party. However, with a Brexit deal seemingly no closer and more public spats between the...
Sterling drops against the Canadian Dollar as pressure mounts on Theresa May

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...
GBP to CAD forecast: Brexit uncertainty continues to hit Sterling

GBP to CAD forecast: Brexit uncertainty continues to hit Sterling

Brexit continues to hurt the Pound In this GBP to CAD forecast we look at the events that could impact the pound to swiss franc rates in the short-term. The GBP/CAD rate continues to be dictated by Brexit. The current situation is bleak and it does not bode well for the Pound. Theresa May's current Brexit deal is due to be voted on by Parliament on 11th December. The PM's proposal has come under heavy criticism and at present it looks as though the deal...
Pound unsteady against the Canadian Dollar as Brexit vote just a week away

Pound unsteady against the Canadian Dollar as Brexit vote just a week away

The economy in Canada has been going rather well recently with investment in business increasing, trade tensions easing and consumer spending also improving. However, at the moment we could see some concerns coming up for the Canadian Dollar as we could see problems coming for both the oil and automotive industry. Oil and the automotive industry are Canada's two biggest economies so a slow down in both industries could have a negative impact on the value of the Canadian Dollar. Last week General Motor Company announced plans...
Pound to Canadian Dollar Forecast: GBP/CAD rate nudges 3 month highs

GBP to CAD forecast: Canadian dollar strengthens due to oil prices

In today's GBP to CAD forecast we look at what's ahead for the currency pair. The Canadian dollar strengthened against most major currencies yesterday as oil prices recovered some of the losses we saw last week. Regular readers will be aware that Canada exports many commodities and oil is arguable the most important. If we continue to see oil prices rise in the upcoming days, I expect to see CAD continue to make gains against most major currencies. Bank of Canada not expected to raise...
Pound to Canadian Dollar Forecast: Impact of the EU Summit Deal

Pound to Canadian Dollar Forecast: Impact of the EU Summit Deal

Brexit deal approved by the European Union In our latest Pound to Canadian Dollar forecast we discuss the news released over the weekend that the European Union has confirmed in just less than an hour that they have agreed the draft Brexit deal proposed by Prime Minister Theresa May. After eighteen months since Article 50 was originally triggered the Pound has been under a huge amount of pressure and this is expected to continue over the next few months until we get a clearer picture as...
GBP/CAD Rates Fall after Disappointing Outcome at EU Summit for British PM

Brexit continues to be the driver for Sterling against the Canadian Dollar

Many of our regular readers will have started to become sick of the word Brexit a long time ago, however at present for those looking to buy or sell foreign currency in the coming weeks and months I am afraid you will be hearing it more and more often. Last week Brexit was the main driver for the Pound against the Canadian Dollar, and it even managed to lead to Sterling losing ground against the Canadian Dollar whilst we saw a decline in the price...