Sterling drops against the Canadian Dollar as pressure mounts on Theresa May

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...
Could we see further CAD strength

GBP CAD Rallies on Brighter Brexit Outlook

The Canadian dollar faces an uphill battle at the moment with the ongoing dialogue from US President Donald Trump. Trade policy changes from the Trump administration are having a negative impact on the Canadian dollar as new tariffs and protectionist policies have started to be introduced. It all started with softwood lumber last year when the US President slapped on tariffs onto Canadian exports. More recently and the US has introduced tariffs on imported steel and aluminium which also has a knock on effect on...
GBP/CAD Rates Fall after Disappointing Outcome at EU Summit for British PM

Will fears surrounding the Canadian Dollar cause it to drop further? (Joseph Wright)

Those of our readers following the Canadian Dollars value will be aware of the potential downsides to the currency's value should there be amendments to the NAFTA agreement. Seventy percent of the countries trade is with the US so if US President, Donald Trump does force through amendments to the current North American Free Trade Agreement (NAFTA) like he's warned, I think there's a chance we could see the Canadian Dollar drop in value. There has been some relief for the Loonie over the past week...

Canadian dollar boosted – Canada dodges Trump’s metal tariff

The Canadian Dollar has gained in value over the past few days against most major currency pairs, after some positive news for both Canada and Mexico has been announced regarding the impending US metals tariffs. US President, Donald Trump recently threatened to impose tariffs on metals imported into the US from all countries. His plans consist of a 25% tariff on steel imports and a 10% tariff on aluminium imports which would be very bad news for Canada which is why the currency lost value...
GBP to CAD forecast: Brexit Fears Helping to Support CAD Value

What can we expect next for GBPCAD exchange rates?

GBPCAD exchange rates have risen back to some of the best rates to buy CAD with the pound since before the Referendum. Overall expectations are for the pound to continue to rise should the EU deal be concluded which could happen as early as today. If you are looking to buy the Canadian dollar with the pound then you could be in for some very favourable opportunities should this all go according to plan today. The Canadian Governor Stephen Poloz has also given some indications...
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 to CAD Rates Slip after Strong Week

GBPCAD exchange rates forecast

At present GBPCAD exchange rates are being dictated by events in the UK. The spotlight is certainly shining on UK Prime Minister Theresa May as reports were leaked 5 days ago suggesting 40 Conservative MPs plan to  sign a vote of no confidence in the Prime Minister. For this to materialise there will need to be 48 members that sign the bill. In addition pressure is mounting on all involved with the Brexit negotiations as head Eu negotiator Michel Barnier gave 2 week deadline to the...
Pound to Canadian dollar forecast - stead ahead of mid-term elections

Will GBPCAD hit 1.70 again?

GBPCAD hit 1.70 ten days ago presenting some of the best rates to buy Canadian dollars with pounds since June.  This is great opportunity considering the outlook for the pound remains very uncertain, Stephen Poloz is the Governor of the Bank of Canada and whilst he has been gently weakening the Loonie lately, the currency is likely to strengthen longer term. Overall markets are expecting the pound could come under more pressure than the Loonie dollar as we still know very little about just what...
GBPEUR rate remains steady as markets await the Autumn Budget

GBPCAD continues to slide!

GBPCAD rates have continues to slip from the very recent highs which saw the levels rise to near 1.70. Having spent much of the last few weeks in the lower 1.60's and even less than 1.60, the recent spike presented a much improved fresh opportunity for clients looking to buy Canadian dollars with pounds. Overall the market seems likely to favour the Loonie as improving Oil prices and also a weaker pound support the GBPCAD slide. The price of Oil has risen which has supported...
GBPEUR rate remains steady as markets await the Autumn Budget

Busy day expected for the Pound to Canadian Dollar rate tomorrow, what data should...

The Canadian Dollar has gained almost 5 cents against the Pound over the past week after the Bank of Canada unexpectedly opted to raise interest rates yesterday and late last week it emerged the economy is growing at a much higher pace than expected. This comes at a time the Pound is under pressure after fears surrounding the Brexit negotiations and proposed 'Brexit Bill' are weighing on the Pound, and to put things into context for those reading this the current Pound to Euro rate...