Sterling gains against Canadian Dollar as positive Brexit news continues

GBP to CAD Breaks 1.75 as Brexit Outlook Improves

The pound to Canadian dollar exchange rate has been boosted as the overall outlook on Brexit in the UK starts to look more optimistic, for the time being at least anyway. Ever since UK Prime Minister Theresa May indicated that she would allow a vote in the House of Commons for an extension of Article 50, we have seen considerable gains for the GBP to CAD pair. GBP CAD is now trading close to 1.75 creating a good buying opportunity for those looking to buy...
Oil prices continue to drive CAD value but will a Brexit breakthrough push GBP/CAD higher?

Oil prices continue to drive CAD value but will a Brexit breakthrough push GBP/CAD...

The Canadian Dollar has seen some strong gains against a raft of major currency pairs recently, after being boosted by some very impressive gains for oil prices, which often tie into the Loonie's value. Oil prices boost CAD So far this year, both Brent Crude and WTI oil prices have risen by nearly 25% which has boosted CAD's value owing to the fact that oil is one of Canada's main exports. The gains have prompted US President Donald Trump to comment, and he has urged OPEC...
Brexit Uncertainty Could Impact GBP/CAD Value This Week

GBP to CAD Forecast: Is the pound strengthening as a Brexit deal is close?

In today's GBP to CAD forecast I look at why the pound has moved to a three week high against the Canadian dollar and whether further movement should be expected in the weeks to come. The UK is now 31 days away from the departure from the European Union, however there is an argument to suggest an extension is on the horizon. Today UK Prime Minister Theresa May will give an update on the state of the ongoing Brexit negotiations, this follows her statement yesterday...
Pound to Canadian Dollar rates near 1-year highs

GBPCAD continues with slight improvement but what could Brexit bring?

Sterling has made a slow and steady improvement against the Canadian dollar over the last few months, and unless we have any major Brexit setbacks then it is fairly likely that this trend may continue. The latest news on Brexit this morning is that Theresa May has delayed the key vote in Parliament this week and has set a deadline for it to happen by 12th March, giving her more time to negotiate. There are rumours now that it looks as though there could be an...
Pound to Canadian Dollar: Sterling loses ground due to Brexit Uncertainty

Pound to CAD forecast: Could Canadian Dollar value fall?

Canada's fall in exports could affect Pound to CAD forecast Even with the lack of clarity surrounding Brexit Sterling has made moderate gains against the Canadian Dollar since August of last year. This has certainly not been without setbacks for those looking to purchase the Canadian Dollar with Pounds. The probability of a no deal scenario rising and falling has caused volatility on the exchange. We have also seen the chances of a rate hike fluctuating and the same can be said on oil price, Canada's...
Brexit updates and movements for the pound vs the Canadian dollar

GBP to CAD forecast: Will the Pound improve against the Canadian Dollar?

Although the Pound is under a lot of pressure at the moment, caused by the uncertainty of Brexit, we have seen Sterling gradually improve against the Canadian Dollar during the last 6 months. Going forward if the talks lean towards Article 50 being extended then this could help the Pound make some gains against the Canadian Dollar. GBP to CAD: The outlook for the Canadian Dollar The Canadian Dollar is heavily reliant on their exports and with production appearing to slow down in Canada this means that...
GBP/CAD Forecast: Busy week ahead for pound to Canadian dollar rates

GBP/CAD Forecast: Busy week ahead for pound to Canadian dollar rates

Pound to Canadian dollar rates have been oscillating between the high 1.60s and mid 1.70s in recent weeks, on swaying optimism on both Brexit and the Trade Wars. The price of Oil too, has been an important function of the value of the Canadian dollar in recent weeks. As a key exporter of Oil, the value of the Canadian currency will often be determined and shaped by important developments in the price of Oil. Rise in Oil price boosts Canadian dollar rates The price of Oil...
Canadian dollar improves against the pound as oil prices rise

Canadian dollar improves against the pound as oil prices rise

The Canadian dollar has seen a little bit of strength against the pound during the last few days following the recent rise in oil prices. The CAD has also been helped as the chances of an agreement between the US and China concerning their ongoing Trade War appear to be increasing. The Canadian Dollar is heavily influenced by what happens to the commodity markets and we have seen an increase in the price of a barrel of crude oil which hit $54 this week. This was...
GBP/CAD Exchange Rates: Brexit Deal or No-Deal Likely to be the Driving Factor

GBP/CAD Exchange Rates: Brexit Deal or No-Deal Likely to be the Driving Factor

GBP/CAD exchange rates have fallen by two cents this week, with the pair now trading below 1.71. At one point it seemed as though the Pound was going to make a run at 1.75, only for the Brexit strangle-hold to once again tighten, causing investors to shy away from GBP. As the Brexit deadline of March 29th fast approaches, the markets are becoming more cautious. Investors are having to plan for the potential outcome of a no-deal, even if they believe this scenario is unlikely...
GBP to CAD rate over 1.75 as Brexit withdrawal approaches on 29th March

Will pound to Canadian dollar rates rise or fall this February?

The Canadian dollar has been slightly weaker on global fears as concerns over a slowdown in the global economy weigh on the oil dependent currency. Pound to Canadian dollar rates are perched above 1.70, still presenting an overall favourable position to buy CAD with sterling, compared to the lows during Brexit. 2019 sees the Trade Wars remaining a very important factor on the currency markets, driving the Canadian dollar higher and lower according to the varying degrees of risk sentiment which are developing over the...