Pound to Canadian Dollar exchange rate Brexit keeps GBP fragile against the CAD

GBP to CAD rate woes continue: Could this month see the pair reach a...

Pound to Canadian Dollar exchange rates near September 2017 lows The last time the pound to Canadian dollar rate fell below 1.60 was in September 2017 which is almost two years ago, and with the pound losing value against the loonie on almost a daily basis at the moment I don't think that it's outside the realm of possibility for sterling to perhaps test those levels again soon. With the loonie going from strength to strength and sterling putting up little fight, those planning on exchanging...
Pound to Canadian Dollar exchange rates Will the pound fall further once the Tory leadership contest is over?

Pound to Canadian Dollar exchange rates: Will the pound fall further once the Tory...

What will happen to GBP/CAD exchange rates after the Tory leadership contest? Over the last 8 weeks the pound has gradually been losing value against the Canadian dollar. 8 weeks ago GBP/CAD mid-market exchange rates were above 1.77 and now mid-market levels are trading just above the 1.6350. To put this into monetary value a CAD$300,000 purchase now costs clients an additional £14,000. The question many of my clients are asking is whether the pound will fall further once the Tory leadership contest is over...
Pound to Canadian Dollar forecast CAD closing in on a two year high against GBP

Pound to Canadian Dollar forecast: CAD closing in on a two-year high against GBP

Canadian Dollar near highs against Sterling since Brexit vote GBP has seen its value decline against the CAD over recent weeks, with the pound failing to its lowest levels in almost two years. This year alone GBP/CAD rates have fluctuated by a range of approximately 14 cents, proving that timing is everything when it comes to larger currency exchange. The recent trend has seen sterling’s value decline, in line with growing fears that the UK could leave the EU without a deal in place by...
Pound to Canadian Dollar Exchange Rates Continue to Fall Lower - Brexit Continues

Pound to Canadian Dollar Exchange Rates Continue to Fall Lower – Brexit Continues

The pound to Canadian dollar exchange rate has fallen sharply since the beginning of May which has presented those looking to sell Canadian dollars to buy pounds with a good opportunity. Rates for GBP vs CAD now sit at the lowest levels since October 2017. Much of the fall in GBP/CAD rates has stemmed from the resignation of UK Prime Minster Theresa May and the likelihood that Boris Johnson will become the next Prime Minister. Conservative hopefuls Boris Johnson and Jeremy Hunt continue to battle...
Pound to Canadian Dollar rate hits 20 month low could further falls be in store for the Pound

Pound to Canadian Dollar rate hits 20-month low, could further falls be in store...

Sterling is coming under increased pressure against a number of major currency pairs with the Canadian dollar being one of the stand out currency pairs. We have previously touched on the fact that CAD is the strongest performer of the G10 so far in 2019, and with the pound having quite a torrid time over the past month and a half the GBP/CAD pair have been in free-fall which has left Canadian Dollar sellers in a great position. Jeremy Hunt gaining momentum in Tory leadership...
Pound to Canadian dollar predictions: What to expect this month

Pound to Canadian dollar predictions: What to expect this month

Pound to Canadian dollar exchange rates have been falling since this start of May and I expect this trend could continue throughout July. In the last 2 months pound to Canadian dollar mid market exchange rates have dropped over 11 cents making a CAD$250,000 purchase £9,650 more expensive. The pound has had a tough couple of months, due to the ongoing Brexit Saga. UK Prime Minster Theresa May announced her departure and the leadership contest is now whittled down to two, with Brexiteer...
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 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...
Will the gains for the GBP to CAD continue through September?

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...