Sterling continues to slide against Canadian Dollar Five month lows

Sterling continues to slide against Canadian Dollar – Five month low

The pound has continued to slowly drop in value against the Canadian dollar over recent weeks and is currently sat at a 5 month low. Sterling weakness due to uncertain UK political landscape I believe that the majority of this latest movement can be put down to sterling weakness and the continuing uncertainty surrounding the political landscape and how Brexit may pan out in the coming months. Unfortunately for those looking to buy Canadian dollars in the near future it does seem that we may end up...
Pound to Canadian Dollar forecast Brexit remains in Limbo

Pound to Canadian Dollar forecast: Brexit remains in Limbo

Brexit Continues to dictate pound to Canadian dollar rate Sterling value is being predominantly dictated by Brexit. Over the past four weeks the pound has gradually declined in value against the Canadian dollar. The pound could potentially fall further as Brexit limbo and the Conservative leadership contest continue. There are candidates for the role of PM who have stated they are willing to bring a no deal scenario back to the table. A no deal scenario is the investor's biggest fear and if the probability of...
Pound to Canadian Dollar Exchange Rates Continue to Fall Lower - Brexit Continues

Tory leadership election causes Pound to Canadian Dollar rate to fall

Best rates since December for Canadian dollar vs the pound The pound has once again fallen against the Canadian dollar as the leadership campaign in the UK has got started. We now have a situation with 10 candidates all vying to be the next leader of the Conservative Party. The voting will start on Thursday of this week. All Tory members will then vote for their number one during the next two weeks. The aim will be to get this number down to the final...
Pound to Canadian Dollar exchange rate forecast Will GBPCAD rates fall further?

Cad trading below 1.70 against GBP as Brexit uncertainty continues

The Canadian dollar has performed well over the past week against sterling, moving back below 1.70 following a run of positive economic data. Positive outlook for the Canadian dollar The pair currently trading just 1.69, with the CAD cementing these gains at the end of last week following positive employment data. This positive run of economic data releases has justified the Bank of Canada’s recent optimism, with the loonie seemingly being backed by investors as a result of this positive outlook. With Unemployment in Canada hitting fresh...
Pound to Canadian dollar forecast Canadian Unemployment Rate Falls

Pound to Canadian dollar forecast: Canadian unemployment rate falls

Pound to Canadian dollar rates have slipped as the Canadian dollar finds some form on the back of a falling Unemployment rate. We have seen the loonie dollar strengthen as investors back the Canadian currency to rise further in the future, potentially on the back of a belief they might not have to cut interest rates as soon as some were initially predicting. Sterling struggles as Brexit uncertainties weigh on pound to Canadian dollar rate GBP/CAD levels are now in the 1.69s and could slip further...
Pound to Canadian Dollar predictions: Factors that will impact Pound to Canadian Dollar exchange rates

Pound to Canadian Dollar forecast: Will the Bank of Canada cut interest rates?

There is now growing speculation that the Bank of Canada will look to cut their base interest rate in the future. How could a cut in interest rates affect the pound to Canadian dollar exchange rate? This interest rate cut could weaken the Canadian dollar as it makes it less attractive for investors to hold in the future. Therefore, the pound to Canadian dollar rate could rise later this year, if the pound is in a position to capitalise. The raising and lowering of an interest rate...
Pound to Canadian Dollar forecast Best time to sell Canadian Dollars for Pounds since October 2017

Pound to Canadian dollar exchange rate: Pound falls against strong performing Canadian dollar

The Canadian dollar has strengthened this week due to the rise in oil prices and speculation that the federal reserve could cut interest rates in the near future. Fed Chair Jerome Powell stated that the ongoing trade war is a concern and monetary policy may have to change. With interest rates now likely to be cut this could continue to help commodity currencies and as the Canadian dollar relies so heavily on oil, it's no surprise the pound to Canadian dollar rate has fallen. UK...
GBP to CAD woes continue Could this month see the pair reach a 2 year low?

Pound to Canadian dollar forecast: Impact of UK politics on GBP/CAD rates

What has caused pound to Canadian dollar rates to weaken? The Canadian dollar has been improving against the pound recently owing to a number of different reasons. If we look closely at the Canadian dollar it has felt the benefit of an interest rate cut expectation south of the border in the US. This has seen a sell off for the US dollar and investors have chosen to move funds into the Canadian dollar. GBP/CAD exchange rates have now fallen below 1.70 and I think...
GBP to CAD forecast: Will the Canadian Dollar continue to strengthen throughout 2019?

Pound to Canadian dollar forecast: Will GBP/CAD rise or fall in June?

It appears that the pound to Canadian dollar rate will be under increased pressures in June as the market continues to grapple with the two biggest factors influencing exchange rates here, the Trade Wars and the Brexit. Pound to Canadian dollar forecast Expectations ahead for the UK and the pound surround the outcome from the Conservative leadership contest too, as now 13 candidates throw their hat into the ring to try and generate interest. For the future, I would be very surprised to see the pound making...
Sterling continues to slide against Canadian Dollar Five month lows

GBP/CAD remains north of 1.70 for now, but could the pair head back below...

This time last week we saw the GBP/CAD exchange rate drop below 1.70 after a steep drop in the pound's value which started in the first week of this month. Sterling exchange rate falls Sterling exchange rates have dropped across the board of major currency pairs recently after the cross party talks between the Labour and Conservative parties broke down leaving UK Prime Minister May, and the UK's Brexit plans in disarray. UK PM May has since announced her plans to resign in a teary fashion...