Pound to Canadian dollar exchange rate volatile on Brexit developments

Canadian Dollar Weakness as US China Trade Talks Deadline Looms

The pound to Canadian dollar exchange rate continues to find support with rates hovering below 1.72 for the GBP/CAD pair. The Canadian dollar has come under some pressure of late due to continued concerns over the health of the global economy. As the Canadian dollar is a commodity currency it becomes susceptible to shocks to the global system. Canadian Dollar weakness due to US / Chine trade talks Rumours had been circulating that a meeting between President Donald Trump and Chinese leader Xi Jinping might take...
Sterling gains against Canadian Dollar as positive Brexit news continues

Canadian Dollar vs Pound Forecast as Canadian economy under pressure

Canadian Dollar Weakness against the Pound The Pound has made some very positive gains vs the Canadian Dollar during the course of this week and has seen a gain of 2%, or the difference of £1,100 on a currency transfer of CAD$200,000. The Pound had been falling recently but has managed to rebound touching close to 1.73 on Thursday. A month ago the Bank of Canada had been saying that with low oil prices and a slowing in the housing market this has been having a negative...
Will GBP/CAD Rates Fall Back Below 1.70?

Will GBP/CAD exchange rates fall back below 1.70?

GBP/CAD exchange rates have fallen under 1.71 this morning, which is a continuation of sterling’s recent poor run against the Loonie. We mustn’t forget it was only a couple of weeks again that GBP touched 1.75, as fears of a no-deal Brexit subsided, and investors bought up sterling positions they felt were undervalued. However, hopes of a run towards 1.80 were quickly dashed, as Brexit fears once again sapped investors' risk appetite and in turn the pound’s value. Despite its recent drop, sterling has at least...
Pound to Canadian Dollar rates near 1-year highs

Will GBP/CAD rates hold above 1.70?

Will the pound to Canadian dollar exchange rate continue to hold above 1.70? - A very good question given the recent volatility in the currency markets, particularly for the pound. The pound remains at the mercy of the latest news from Brexit as the prospect of a no-deal scenario remains a possibility. Investors will be keeping a very keen eye on the outlook in the currency market relating to the Brexit, at this stage there is still potential for the pound to lose more...
Sterling Forecast: Pound rises as Theresa May enters her possible breakthrough day

GBP to CAD rates slide lower amidst Brexit uncertainty

GBP to CAD exchange rates have rallied higher this week with rates for the pound to Canadian dollar pair breaking briefly over 1.72. The GBP to CAD rates are largely being driven by developments over Brexit and the markets are speculating as to where the final destination of Brexit will lead. At the moment the EU are reluctant to change the withdrawal agreement that has been agreed between the EU and UK, having shown no signs to commit to doing so. creating some uncertainty...
Pound to Canadian dollar forecast: Could GBP/CAD rates rise further?

Pound to Canadian Dollar falls from its 6 month highs as no-deal Brexit remains...

The Pound to Canadian Dollar exchange rate dropped throughout last week, after hitting the highest levels seen since the summer of 2018 on Friday the 25th of January. Sterling saw gains across the board of major currency just over a week ago now when financial markets appeared to conclude that an extension to Article 50 would be the most likely outcome for the UK next month. The UK is supposed to be leaving the European Union on the 29th of March although at the moment...
Brexit continues to dominate the Pound vs Canadian Dollar rate

Brexit continues to dominate the Pound vs Canadian Dollar rate

Yesterday afternoon MPs in the UK were told that they would not be allowed to have their usual break in February owing to the current problems surrounding the Brexit negotiations. Many MPs were rather disappointed about missing their usual time off, but with Brexit now less than two months away as well as just two weeks before Theresa May is set to address MPs again the move is clearly extremely important. After approving the amendment about the Irish backstop, Theresa May will have a very difficult...
Pound to CAD rates: Fears over a no-deal Brexit starting to resurface

Pound to CAD rates: Fears over a no deal Brexit starting to resurface

Pound to CAD rates have fallen this week, with the Pound losing approximately two and a half cents against the Loonie. The Pound was trading close to 1.75 and at one stage last week and looked as if it may finally make some inroads above 1.75. This has proved to be a key resistance barrier for Pound to CAD rates in recent weeks and continues to provide plenty of protection for those clients holding CAD. However, as so often has been the case during the...
Brexit updates and movements for the pound vs the Canadian dollar

Pound to Canadian dollar forecast : GBPCAD rates lower on No-Deal Brexit Fears!

The pound to Canadian dollar has taken a step back following an evening of Parliamentary jostling in the UK. The bottom line is that Theresa May has won some further support to try to renegotiate her plan with the EU, by seeking 'alternative arrangements' over the previously agreed backstop arrangement. The pound has taken a small hit since that makes it still possible that no-deal is an option. Despite MP's voting for no-deal to be taken off the table, the vote was non-binding and so...
Pound to Canadian Dollar: Sterling loses ground due to Brexit Uncertainty

Pound to Canadian dollar rates ahead of Parliamentary votes on Brexit

Pound to Canadian dollar rates face a volatile few days ahead as developments over Brexit continue to drive the GBP to CAD pair. Today the Speaker in the House of Commons will choose from a series of amendments that have been put forward for Parliament to vote on. There are two amendments in particular that are likely to attract attention from the markets. The Yvette Cooper / Nicholas Boles amendment which seeks to delay Article 50 could take a no deal Brexit scenario off the...