Pound to Canadian Dollar Outlook: Investors Favour Upside Following GBP Strength Boost

Pound to Canadian Dollar Outlook: GBP Risks Rise as CAD Holds Out for Market...

GBP Looks to Reverse Poor Week Prior With GDP Figures, but Market Looks Unsupportive Canadian Dollar Looks to Continue Previous Weeks Run From an Upbeat Market Risk Sentiment Contact Us The pound got off to a dreary start last week, held back by the market’s fear of a ‘no-deal’ Brexit. It was labelled the worst performing currency last week and saw the GBP/CAD exchange rate drop two percent as trading closed for the week. Pound sterling expects its GDP data this week in which...
Pound to Canadian Dollar Outlook: GBP Rises Following Factory Output Success as CAD Falls from COVID-19 Fears

Corona Virus Fears Led to a Fall in CAD Value, but a Vaccine May...

Purchasing Managers' Index Keeping CAD” Firing on All Cylinders’ At the start of the week, the continued spread of the Corona virus triggered the World Health Organisation (WHO) to announce the disease as a global health emergency. This pressure weighed heavily on the Canadian dollar as a risk-sensitive currency through a reduced market risk appetite. With the breakthrough of treatments coming just in time though, CAD investors looked to be buoyed. A caveat to these celebrations was served by the WHO though, who declared...
Pound Could Struggle Against Canadian Dollar as Economy Concerns Overshadow Optimism

Canadian Dollar Edges Over Sterling as Friday Jobs Data Looms

The Canadian dollar looks to be back on the rise once more after a recent sigh of relief from the market regarding the coronavirus occurred this week. The relief came after a breakthrough from Chinese researchers who highlighted that a treatment for the coronavirus has been found. This lifted the markets risk sentiment as optimism that the virus could be controlled increased. An increased oil price has also helped the Canadian dollar recovery. The Canadian dollar also awaits its labour market report tomorrow which...
GBP Pushes Higher as Factory Output Booms

Canada Falls to Two-Month Low Before BoC’s Wilkins Provides Overview of CAD’s Outlook

Bank of Canada’s Carolyn Wilkins Speech Suggests Investments Needed to Keep Canadian Economy Firing Coronavirus Fears Decline After Treatment Breakthrough, but WHO Warns It Is No ‘Cure’ Yesterday saw the Bank of Canada’s second-in-command governor Carolyn Wilkins give a speech in which she noted that breaking down interprovincial trade barriers and reforming tax and regulatory systems will keep the country’s economy singing into the future. Before this speech, the Canadian dollar dropped to a two-month low against the greenback, with the global threat of...
Canadian Dollar Receives Boost from Uptick in Oil Prices as Consumer Data Shows Little Growth

Canadian Dollar Remains Under Pressure from Oil Prices as GBP Remains Heavy

The Canadian dollar remained under pressure on Tuesday, falling short or remaining flat against its rival currencies. The oil-sensitive CAD felt the pressure as oil prices rebounded after OPEC signalled a potential curb on production to protect oil prices as Chinese demand subsides. As a result, the Canadian Dollar traded flat at around the $0.7527 against the USD. Optimism lingered in hope that OPEC would be able to offset a potential drop in demand caused by the outbreak of the coronavirus in China, this...
Canadian Dollar Trades Lower as Oil Prices Fall Amid Coronavirus Concerns as GBP Drops Due to Brexit Worries

Canadian Dollar Trades Lower as Oil Prices Fall Amid Coronavirus Concerns as GBP Drops...

The Canadian dollar traded lower on Monday as it fell to an eight-week low against the USD. CAD’s decline came after the price of oil drastically retreated and domestic data showed that factory activity increased at a snail’s pace for January. The price of oil is important to Canada as it is one of its major exports, the price was dragged down by the concerns over the coronavirus and the reduced demand that may occur because of it. Meanwhile, GBP also retreated on last...
Pound to Canadian Dollar Outlook: Investors Favour Upside Following GBP Strength Boost

Pound to Canadian Dollar Exchange Rate: GBP Keeps CAD at Bay Despite Overperforming Canadian...

The pound to Canadian dollar exchange rate has started the new trading week on the front-foot, much to some investors surprise after last weeks Canadian GDP data for November came in above expectations. However, the Loonie was unable to capitalise on the good news amid the mounting concerns surrounding the coronavirus. The spread of the virus has triggered the World Health Organisation (WHO) to announce the coronavirus as a global health emergency. This pressure has weighed on the Canadian dollar as a risk-sensitive currency...
Canadian Dollar Threatened by Rail Strikes as GBP Looks to Boost Public Spending

Canadian Dollar Drops as Coronavirus Incurs Further Declines and GBP Gains on BoE Decision

The Canadian dollar is still suffering at the hands of the Coronavirus outbreak which has captivated headlines for the past couple of weeks. The virus shows no signs of stopping and has continued to spread throughout the world from the originating Chinese province of Wuhan. The risk-sensitive Canadian Dollar has suffered after oil prices fell on expectations that the coronavirus outbreak will lead to reduced demand for oil. Meanwhile, the GBP/CAD exchange rate rose as GBP celebrated the BoE’s decision to hold their interest...
Canadian Dollar Could Be Shaken up by Coronavirus Impact on the Bank of Canada Outlook

Canadian Dollar Could Be Shaken up by Coronavirus Impact on the Bank of Canada...

The Canadian Dollar has come under focus as fears surrounding the coronavirus increase. The market suggests that the BoC outlook may be impacted by the virus as the CAD softens versus safe-haven currencies. The Canadian Dollar is not the only currency effected by the spread of the virus, with other risk-sensitive currencies like AUD and NZD both suffering losses as the market risk appetite reduces. Meanwhile, GBP is waiting on its Bank of England interest rate decision which is set to be announced later...
Pound to Canadian Dollar Outlook: GBP Rises Following Factory Output Success as CAD Falls from COVID-19 Fears

Canadian Dollar Advances Despite Global Concerns as GBP Retreats on Brexit Worries

The Canadian dollar exchange rates rose against the pound sterling yesterday, as UK markets remained cautious ahead of Thursday’s Bank of England rate cut decision. Canadian Dollar Shows Signs of Resilience Despite Global Concerns The Canadian Dollar edged over the pound yesterday as UK markets remained focused on the BoE’s rate decision due on Thursday. CAD has suffered some of its potential gains due to the rising fears over China’s Coronavirus outbreak which has knocked confidence in the risk-sensitive currency. Because of Canada’s economy being...