Pound to Canadian Dollar exchange rate forecast Will GBPCAD rates fall further?

Pound to Canadian Dollar Outlook before New UK Prime Minister Announced

The pound to Canadian dollar exchange rate has fallen sharply lower with rates for the GBP to CAD pair now sitting below 1.66. Much of the pound's weakness is coming from Brexit uncertainty as the Conservative leadership battle continues between hopefuls Boris Johnson and Jeremy Hunt. With a no deal Brexit looking like a distinct and credible possibility the pound has dropped lower against most of the major currencies, including the Canadian dollar. Boris Johnson remains the clear favourite by some way and his stance is...
GBP to CAD forecast: Will the Canadian Dollar continue to strengthen throughout 2019?

GBP to CAD forecast: Will the Canadian Dollar continue to strengthen throughout 2019?

In today's GBP to CAD forecast I discuss why the Canadian Dollar has been going from strength to strength over the past few months. It's currently no surprise to see that the currency is the strongest performing G10 currency throughout 2019 so far. GBP to CAD forecast: Rising oil prices and weakening Pound pushing GBP to CAD rates lower Rising oil prices have aided CAD value which has helped the currency make some impressive gains against the Pound and the US Dollar recently. Some analysts think...
Pound to Canadian Dollar predictions: Factors that will impact Pound to Canadian Dollar exchange rates

Pound to Canadian Dollar predictions: Factors that will impact Pound to Canadian Dollar exchange...

Canadian Dollar made gains against the Pound this month It's been a tough month for the pound vs the Canadian dollar for a few reasons. The pound has declined due to the political uncertainty surrounding Brexit and the Canadian dollar has been strengthening due to the positive economic data coming out of Canada and the demise of the US dollar. Pound to Canadian dollar exchange rates have dropped by 4 1/2 cents in 4 weeks. To put this into monetary value a CAD$300,000 purchase now...
Pound to Canadian Dollar forecast Bank of England member provides a more dovish outlook, oil prices rise on Middle East tensions

Pound vs Canadian Dollar forecast: Canadian Dollar gains strength after strong economic data

Strong performing Canadian economic data strengthens the Loonie The Canadian dollar has continued to gain ground against most major currencies which is a continuation of the pattern we have seen in the past week or so. The recent economic data of note was stronger than expected retail sales data on Friday coupled with the highest level of inflation that Canada has seen in the past 7 months. One of the ways to combat higher inflation can be to raise interest rates and certainly not to cut...
GBP to CAD woes continue Could this month see the pair reach a 2 year low?

Pound to Canadian Dollar Forecast: CAD improves against the GBP as oil prices rise

Canadian Dollar continues to strengthen against the Pound The Canadian dollar has had a very strong run recently against the pound. An increase in Canadian retail sales on Friday showed slightly lower than expected figures. The data showed a 0.1% growth in April compared to March driven by more oil sales. It was slightly lower than expected but the figure for March was also revised higher. What is driving the Canadian Dollar rate? The Canadian dollar has also been strengthening as there is a strong possibility that...
Pound to Canadian dollar forecast UK & Canadian economies facing problems

Pound to Canadian dollar forecast: UK & Canadian economies facing problems

How is Sterling performing against the Canadian Dollar? The sterling exchange rates have fallen back against the Canadian dollar during Thursday’s trading, with the pound falling below 1.67 at its low earlier today. Having staged a mini recovery earlier the week, when the pound rallied back above 1.68 against the loonie, those clients holding GBP will be disappointed to see another downturn dampen their renewed optimism. Conservative leadership contest driving Sterling rates The current trend typifies the mood inside the UK at present. The public and parliament...
Pound to Canadian Dollar outlook New British PM on Wednesday how could this affect GBPCAD rates?

Sterling set to remain fragile against the Canadian Dollar as oil prices rise

Boris remains front runner in leadership contest Pound to Canadian dollar exchange rates have dropped recently, with the pound suffering against the majority of major currencies of late. The UK currently has no Prime Minister and Brexit remains in limbo offering investors little confidence in GBP. It is looking highly likely that Boris will come into power and has stated he will be using the no deal scenario as ammunition to negotiate a more favourable deal from Brussels. It would be expected the higher the probability...
Pound to Canadian Dollar exchange rates Will the pound fall further once the Tory leadership contest is over?

Best time to buy Pounds with Canadian Dollars since December 2018

Canadian dollar hits 6 month high vs the Pound The Canadian dollar has been performing very well against the pound recently. GBP/CAD exchange rates have recently hit 1.67 which is the lowest since December 2018. The pound has been struggling with the ongoing uncertainty of Brexit and the leadership election. Meanwhile, owing to the value of oil prices going up this has helped the Canadian dollar. The Canadian dollar has been strengthening in part due to the imposition of US oil sanctions. As they are a...
GBP/CAD rates remain marooned under 1.70 as Brexit uncertainty continues to affect Sterlings value

GBP/CAD rates remain marooned under 1.70 as Brexit uncertainty continues to affect Sterling’s value

Canadian dollar rate strengthens against the pound GBP has found itself marooned under 1.70 against the CAD for the past few weeks. The on-going Brexit drama and an upturn in the Canadian economy has caused investors to sell-off their GBP currency positions, which in turn has weakened the value of the pound and supported the CAD’s recent rise. With the GBP/CAD pair now trading back under 1.69, investors will be looking at the Conservative party’s current leadership challenge and its subsequent result as a potential trigger...
Pound to Canadian dollar forecast Are futher falls on the horizon for the pound against the Canadian dollar?

Pound to Canadian dollar forecast: Are futher falls on the horizon for the pound...

Over the last 5 weeks the pound has gradually declined against the Canadian dollar. Mid-market exchange rates on the 6th May were trading as high as 1.7725 and currently mid-market exchange rates have dropped to 1.689. To put this into monetary value a £200,000 transfer into Canadian dollars today compared to 5 weeks ago generates clients CAD$16,700 less. Boris secures first round victory in Conservative leadership contest The departure of Theresa May and the mess in the UK which is Brexit, is the reason why the...