Will the gains for the GBP to CAD continue through September?

Pound to Canadian Dollar Outlook: What could happen to GBP/CAD exchange rates?

With pound to Canadian dollar exchange rates touching their lowest interbank levels in nearly 2 years, it seems a good time to be asking questions about whether fresh lows could be struck for pound to Canadian dollar exchange rates. The week ahead sees a number of data releases which may influence the behaviour of the GBP/CAD pairing. To see where we are going, it can be helpful to look at where we have been. The increased prospects of a no-deal Brexit, in the currency market's...
Pound to Canadian Dollar exchange rate Outlook for UK economy remains unclear as Boris Johnson settles in to Prime Minister role

Pound to Canadian Dollar exchange rate: Outlook for UK economy remains unclear as Boris...

Boris vows to bring the UK out of the EU by October 31st deadline Boris Johnson, the new Prime Minister of the UK has 97-days to take the UK out of the EU as outlined during his leadership campaign although at the present moment the way he will achieve this remains unclear. Despite all the political uncertainty that surrounds the UK economy moving forward, the UK economy has remained resilient for example, UK unemployment is running at its lowest level in 44-years and inflation levels within...
Pound to Canadian Dollar exchange rate Brexit keeps GBP fragile against the CAD

Pound to Canadian Dollar exchange rate forecast: How will GBP/CAD rates perform ahead?

The Canadian dollar is this year's best performing G10 currency, as reported by Reuters yesterday. It is probably not too surprising therefore that as sterling has been one of the worst performing, pound to Canadian dollar exchange rates have been testing 2-year lows, hitting points not seen since October 2017. What events are upcoming that might change the current trend? Brexit developments to drive Sterling exchange rates Sterling has been weaker on Brexit uncertainties, as investors await clear news on what Brexit means. The pound has...
Pound to Canadian Dollar forecast Bank of England member provides a more dovish outlook, oil prices rise on Middle East tensions

Pound to Canadian Dollar forecast: Bank of England member provides a more dovish outlook,...

The pound to Canadian dollar exchange rate has been creeping down over the past few months, with the interbank level dropping from the mid 1.70s all the way down to the lower 1.60s at the time of writing this post. GBP/CAD pairing close to 2 year lows: Investor concerns over Brexit The pairing is closing in on a two year low, so anyone that has Canadian dollars to bring back into pounds is in a great situation as they will have gained roughly 7% over the...
Pound to Canadian Dollar forecast Brexit news continues to dominate movement for the GBPCAD exchange rate

Pound to Canadian Dollar exchange rate falls ahead of new UK Prime Minister

Pound to Canadian Dollar rates continue to slide The pound to Canadian dollar exchange rate continues to test the lower levels in this recent range with rates for GBP vs CAD slipping below 1.63 for the pair. Tomorrow will see the announcement of the next British Prime Minister who will take office on Wednesday and the markets have largely priced in the likelihood that Boris Johnson will take the top job. A speech is expected to be made on Wednesday at 5pm and there is...
Could Brexit developments and the Canadian Interest Rate Decision cause movement for GBPCAD later today?

Pound to Canadian Dollar outlook: New British PM on Wednesday, how could this affect...

Pound to Euro exchange rate outlook: New UK Prime Minister and Cabinet, how will the markets react? The pound to Canadian dollar exchange rate has bounced higher after much stronger than expected retail sales data yesterday providing a boost for the GBP vs CAD pair. Despite the small improvement, the pound continues to test the lower levels with the ongoing uncertain political situation in the UK. The new Prime Minister will be announced on Tuesday and is highly likely to be Boris Johnson. A new...
Pound to Canadian Dollar rate Pressure on Sterling increases as chances of a no deal Brexit increases will GBPCAD continue to fall?

Pound to Canadian Dollar rate: Pressure on Sterling increases as chances of a no-deal...

Pound to Canadian Dollar exchange rate at lowest levels since September 2017 The current levels for exchanging pounds into Canadian dollars sits at a 22-month low at the time of writing, as the GBP/CAD pair haven't traded this low since September of 2017 when sterling came under heavy selling pressure. Back then the pound lost value against most major currency pairs as UK Prime Minister at the time, Theresa May, didn't get the support she needed to gain a majority at the General Election she...
Pound to Canadian Dollar exchange rate GBP fails to make gains against CAD as Brexit and oil prices affect the currency pair

Pound to Canadian Dollar exchange rate forecast: Will GBP/CAD rates fall further?

Strong Canadian Dollar vs weak British Pound causing steady decline in GBP/CAD rates The pound to Canadian dollar exchange rate has been on a steady decline since the start of May, when it became apparent Theresa May would be resigning and a more no-deal Brexit supporting PM might take charge. Sterling has been losing ground regularly against most currencies as no-deal Brexit prospects increase, as investors fear the worst ahead. The Canadian dollar has been stronger too as the price of Oil rises, and also the...
Pound to Canadian Dollar forecast Best time to sell Canadian Dollars for Pounds since October 2017

Pound to Canadian Dollar forecast: Best time to sell Canadian Dollars for Pounds since...

Strong CAD capitalizing against weak GBP: What has been influencing exchange rates? A series of events have arisen to create the best time to sell Canadian dollars for pounds since October 2017. Despite the Bank of Canada stating any interest rate hike is off the agenda for now, by now committing to any cuts the loonie is firmer. Also, the price of Oil has rallied following a decline in inventories, and also the G20 Summit not panning out as negatively as many had previously suspected,...
Pound to Canadian Dollar Exchange Rate ahead of New British Prime Minister

Pound to Canadian Dollar Exchange Rate ahead of New British Prime Minister

The pound to Canadian dollar exchange rate has held steady above 1.63 for the GBP to CAD pair after the Bank of Canada held interest rates steady at 1.75% where it has remained since October 2018. The central bank has upgraded its growth forecast for 2019 to 1.3% up from 1% signalling confidence in the Canadian economy. Ongoing US / China trade war a concern for the Canadian dollar The Bank of Canada have raised concerns however with the global growth outlook which may have...