Sterling drops against the Canadian Dollar as pressure mounts on Theresa May

GBP/CAD rate: Sterling comes under pressure owing to Brexit deal concerns

The Pound has fallen against the Canadian Dollar (the GBP/CAD rate is 1.6868 at the time of writing this), as the reaction to Theresa May's Brexit text has been mostly negative, with both Brexiteers and Remainers demonstrating their disappointment of May's plan. So far the UK Prime Minister has remained firm in her conviction that the deal is the best way for the UK to proceed with its EU divorce. However, the concerns remain and there could be further Government resignations today or early into...
Crucial day for Sterling to Canadian Dollar exchange rate

Crucial day for Sterling to Canadian Dollar exchange rates

Will a Brexit deal be agreed today? We have an extremely important day ahead for those looking to buy any foreign currency with the Pound and quite frankly the exchange rate could go either way. A Brexit deal is very close to being initially agreed, however there are still many hurdles to overcome. The day has already started off with a great deal of volatility as investors and speculators try to second guess what may come of this afternoon's cabinet meeting. Theresa May is due to...
Pound Vs Canadian Dollar – When to trade

Pound vs Canadian dollar forecast – When to trade?

Brexit continues to dominate pound to Canadian dollar rates Brexit news is constantly effecting Sterling value with each statement in the process causing volatility on the market. We saw significant gains for the pound last week following news that the UK were on the cusp of a Brexit deal. News that the UK financial sector would have access to the customs union was one of the key points of contention, this bolstered the pound's position. However, the Irish border deal remains unresolved. Following a spike in the...
Pound to Euro forecast: Theresa May under pressure ahead of next week's Brexit vote

Tory resignations and the impact on the Pound to Canadian Dollar forecast

The Pound has fallen against the Canadian Dollar dropping below 1.70 owing to the political tensions in the UK over the last few days. Earlier this month the Pound was making some very strong gains against the Canadian Dollar as it appeared as though there could have even been an end to the Brexit talks in sight. However, at the end of last week a sixth member of the Tory party resigned owing to the current Brexit deal outlined recently by Theresa May. Jo Johnson resigns...
Pound to Canadian Dollar Strength as Oil Price Plummets

Pound to Canadian Dollar Rates: Prospect of Brexit Deal Drives Sterling Higher

The pound has rallied higher against the Canadian dollar taking levels for the GBP/CAD pair to a high of 1.72 first thing this morning. Pound to Canadian dollar rates have been able to push higher on continued optimism for a deal on Brexit between Britain and the EU. The markets are still awaiting news of an emergency summit to take place in November and if confirmed this could result in further gains for the pound against the Canadian dollar. Brexit negotiations are reaching the...
Pound unsteady against the Canadian Dollar as Brexit vote just a week away

Will 1.72 act as a resistance for GBP/CAD rate once again?

The Pound is having a upward push this week against a raft of major currency pairs, owing to positive sentiment surrounding the Brexit once again. Yesterday we saw the GBP/CAD rate break into the 1.72's and this morning the pair is once again trading in the 1.72's after falling as low as 1.7176 in the early hours of trading. Those of our readers watching the Pound to Canadian Dollar rate will be aware that the pair have struggled to break north of 1.72 previously, with...
Canadian dollar strengthens due to US mid-terms

Canadian dollar strengthens due to US mid-terms

It comes as no surprise that the Canadian dollar has edged higher against most major currencies and in particular the US dollar, off the back of the US mid-term election results. However the gains have been held back slightly due to investors holding off on buying Canadian dollars because of the fall in oil prices this week. Now that the US congress is split, it appears that its going to be more difficult for the President to make any major fiscal policy change. This could...
Pound to Canadian dollar forecast - stead ahead of mid-term elections

Canadian dollar fairly steady ahead of US mid-terms

In today's pound to Canadian dollar forecast we look at what will happen with Canadian Dollar exchange rates this week? Canadian dollar exchange rates could be affected by US mid-term elections The Canadian dollar has remained fairly steady against the majority of major currencies in the early part of the trading week, as the markets brace themselves for the US mid-term elections. With the Canadian economy being fairly closely linked to that of its US counterpart, news from the US can have a slight link to the...
Next week could be busy for GBP/CAD exchange rates

Brexit dictates pound to Canadian dollar rate

The pound have seen advances against the majority of major currencies due to news there could be a Brexit deal agreed by the end of the month. Last week we heard news that the UK financial sector would have access to the Customs Union post-Brexit which caused the pound to rally. This was one of the main stumbling blocks in Brexit talks, with this seemingly resolved it bodes well for further progress. Brexit latest news: Irish border deal to be agreed There are now rumours that an...
A volatile time for GBPCAD exchange rates

A volatile time for GBPCAD exchange rates

The Canadian dollar had a positive October as the Central Bank hiked interest rates to 1.75% and hinted that further interest rate increases are on the horizon. GBPCAD dropped from 1.725 to 1.6675. However the pound has fought back this week as UK Prime Minister Theresa May confirmed that a deal in regards to the financial sector had been secured. Furthermore the Brexit Secretary Dominic Raab went one step further and announced that a deal could be reached by the 21st November, and rumors...