Buoying GBP looks for stability whilst dovish CAD could slide

Buoying GBP looks for stability whilst dovish CAD could slide

Last week did not prove substantial for either currency or their GBPCAD Interbank exchange rate. The UK narrowly escaped sliding into recession in the third quarter. At the same time Canada was at the mercy of president Trump as he failed to release any further information in his Wednesday speech which caused worry over the deal pushing forward. GBP Hopes Political Optimism Can Pull It out of Uncertainty The pound has been impacted in every way since the start of the Brexit endeavour. GBP has recently...
A Steady CAD Ensues Following a Lift in Wholesale Trading and Gives an Economic Boost

Global Economic Slowdown Lends Itself to near a One Month Low for the Canadian...

The Canadian dollar was little changed against its US counterpart yesterday; its strength is still holding close to the earlier one-month low. The Bank of Canada Governor is set to give a speech which is nearing closer, whilst investors begin to fidget over the potential global economic slowdown. Global Economy Looks to Slow as Underperformance is a Common Theme Worldwide Recent figures from around the world have been pulling down the global economy of late. The ongoing US-China trade war has not helped many as both...
Canadian Dollar Holds Steady but Remains Wary Following Recent US-China Trade Conflict

Canadian Dollar Holds Steady but Remains Wary Following Recent US-China Trade Conflict

For weeks the US-China trade war has raged on; talks appeared promising previously but recent underwhelming speeches from president Trump have put doubts in investors’ heads. The CAD is heavily influenced on the moves made by its close counterpart the USD. With trade talks thinning out, investors have become wary of the chance of the deal not going through. US Appears to Show Little Concern for Achieving a Deal Recent news has suggested that the US is appearing to show little concern for the result of...
The GBP/CAD exchange rate struggles as UK labour market slows

The GBP/CAD exchange rate struggles as UK labour market slows

The Pound to Canadian dollar exchange rate remained halted early yesterday, with a trading rate of around CA$1.7011. Tuesday’s UK labour figures were disappointing and brought down the strength of GBP and its interlinking currencies like CAD. UK labour figures revealed, currencies lose strength as a result Tuesday’s labour figures for the United Kingdom were unimpressive. Most of all, the unemployment in the UK slumped by around 58,000 in the third quarter. With the rate falling back to 3.8%. This left the pound under pressure as...
GBPCAD Exchange Rate on the Rise with Brexit Party Ruling Out Tory Seat Contention

GBPCAD Exchange Rate on the Rise with Brexit Party Ruling Out Tory Seat Contention

The GBPCAD interbank exchange rate has been volatile of late, mainly due to the uncertainties surrounding Brexit. Recent revelations from the Brexit Party have given the GBPCAD exchange rate a lift as they announced they will not be contesting for Conservative seats in the upcoming election Brexit party announces Leave alliance With Nigel Farage, the leader of the Brexit Party announcing that the party will not battle for the 317 Conservative seats which were won in 2017, the Conservatives will be puffing a huge sigh of...
GBP/CAD rate slides as both currencies weaken and upcoming week’s data likely to shift exchange rate

GBP/CAD rate slides as both currencies weaken and upcoming week’s data likely to shift...

Both the United Kingdom and Canada have been facing issues with their currencies recently. Reports have suggested that both currencies are declining which is having a knock-on effect to their interacting exchange rate. The GBP interbank exchange CAD rate was trending at around 1.6863 at the end of last Friday’s trading session, not great by any stretch but at least it allowed for the gains observed in late-October to be clung to. GBP weakens as uncertainties persist The British pound is being held back by it's...
The Canadian Dollar Has Enough Resilience to Set Its Own Path in Monetary Policy

Positive outlook for the Canadian Dollar following trade deal progress and GBP optimism

The Canadian dollar has fared well over the past week, with Thursday reporting back with positive results. Progress in the US-China trade talks are giving a boost to CAD, whilst the relationship with GBP seems on course for a new high since March 2019. US-China trade deal talks begin to pick up the pace The ongoing trade deal talks between the United States and China have a lot riding on them, both for the two countries involved but for the whole global economy. Talks appeared to...
A Steady CAD Ensues Following a Lift in Wholesale Trading and Gives an Economic Boost

Optimism for the Canadian dollar begins to fade in recent developments

Recent optimism in the CAD has heavily relied on the broad US dollar sentiment. This weeks “risk seeking” environment was pulled to a sharp close following the rebound in US Non-manufacturing Purchasing Manager’s Index (PMI) data which was released on Tuesday. Over-performing US PMI data hits hard on CAD The data released by the US this Tuesday saw the index rise to 54.7, smashing a predicted 53.5 and bettering Septembers result of 52.6 The news gave the USD backing and the greenback rallied eventually closing out...
A Steady Canadian Dollar Ensues Following a Lift in Wholesale Trading and Gives an Economic Boost

Canadian Dollar exchange rate reaches new weekly high as US-China trade hopes lift

If you are in the market for buying or selling Canadian dollars you might be in luck. The CAD rose to a near one-week high against the USD yesterday, with current USD/CAD rates sitting 1.31603. Data from reports showed that Canada’s trade deficit narrowed alongside a promising trade deal between the United States and China, which made investors more optimistic. Current state of the CAD The Canadian dollar is currently sitting at around 1.319. The currency reached is strongest intraday rate since the end of October...
Buoying GBP looks for stability whilst dovish CAD could slide

Pound to Canadian Dollar forecast: 3 political events to know about before swapping Canadian...

You may consider yourself a savvy buyer, especially in the currency purchasing market. But there can sometimes be unseen news or recent events which may alter the going rate of your chosen currency. The Canadian dollar shares a relationship with the British pound amongst many other currencies. This relationship is altered based on many factors, some in which may determine a great time for you to buy Sterling or show signs that it may be right to hold off a little before departing with your...