Trade Deficit Falls, but does not match expectations

Trade Deficit falls, but does not match expectations

Sterling to Canadian dollar - commodity based currencies lose attraction A rise in oil prices has helped lift Canada’s exports, but has not helped overall trade balance as many analysts predicted it would, according to trade balance figures released yesterday. Canada’s trade deficit dropped to $4.2bn in January. Export prices were up by 2%, and export volumes increased by 0.9%. Energy exports rose 14.0% in January to $7.1bn. This caused Canada's 10 year yield to fall by another 3 basis points below the 3 month yields, creating...
Pound to Canadian dollar forecast: Where to next for the Canadian dollar?

Pound to Canadian Dollar: Sterling loses ground due to Brexit uncertainty

GBP/CAD rates have remained at consistent buoyancy levels over the last month. As has been the case for nearly a year. The pound has failed to breach 1.77 and is proving to be a stubborn resistance point. It was late March 2018 when the pound's value dropped below this level and sterling is yet to recover. GBP/CAD currently sitting in the low 1.75s. It has been a turbulent year for both Canada's and the United Kingdom's economies. Brexit remains the key factor on GBP/CAD and will...
GBP to Canadian Dollar forecast: Sterling falls as no deal looks more likely

GBP to Canadian Dollar forecast: Sterling falls as no deal looks more likely

It's been an action packed couple of weeks for the UK and the ongoing Brexit negotiations and the pound lost value last night as the chances of no deal increased. UK Prime Minister Theresa May announced that she had applied for an extension of Article 50 until the end of June, however she would not seek a longer extension if her deal doesn't go through next week. Quite simply this means that the UK could actually crash out next week, which could put major pressure...
Pound to Canadian dollar outlook: Factors that are impacting sterling

Brexit Uncertainty Could Impact GBP/CAD Value This Week

GBP/CAD rates seem to have settled around the current levels over recent weeks, with the pound failing to make any inroads above 1.77. With the UK’s Brexit deadline fast approaching and no agreement yet in place with the EU, sterling could find itself in a precarious position over the coming days. Whilst it is now clear that the UK will require some type of extension in order to try and push Prime Minister Theresa May’s deal through Parliament, will the EU be prepared to extend Article...
Pound to Canadian dollar drops to a 3-month low as cross-party Brexit talks break down

Pound to Canadian Dollar rates near 1-year highs

It has become much better for those buying Canadian dollar over the last couple of weeks as lower prospects of a no-deal Brexit have encouraged investors to seek the pound as a longer term investment, with Pound to Canadian Dollar rates near 1-year highs. There is also increased prospects of some kind of Brexit deal being struck, one way or another. The Canadian dollar has also been slightly weaker as there is less chance of the Bank of Canada seeking to raise interest rates. This...
Pound to Canadian dollar forecast: Will GBP/CAD exchange rates drop below 1.70?

Pound to Canadian dollar exchange rate volatile on Brexit developments

The pound to Canadian dollar exchange rate continues to be largely dominated by new developments in the final stages of the Brexit negotiations. Discussions have been taking place over the weekend to try and find support from the Democratic Unionist Party (DUP) ahead of a potential third meaningful vote (MV3). A vote will only be held if the Prime Minister feels confident of winning that vote and so these next 48 hours will be critical for the GBP to CAD pair. The Pound to...
Pound to Canadian dollar exchange rates: The pound loses value against the Canadain dollar

Brexit updates and movements for the pound vs the Canadian dollar

The pound has started to fall a little against the Canadian dollar after a very strong run recently. GBPCAD exchange rates have started to retract as the suggestion of a 3 month extension to Brexit has done little to impress investors in sterling. Earlier this week the House of Commons rejected Theresa May's Brexit deal once again but did win with a majority to ask the European Union to extend the Brexit deadline until the end of June. This week we have seen a lot of...
What will happen to the Pound Sterling to Euro exchange rate as 29th March approaches? Brexit latest

GBP to CAD forecast: Turbulent day of trading as Brexit deal is rejected again

UK Prime Minister, Theresa May lost a second vote on her Brexit deal last night, despite getting more support for the deal this time around. Previously she lost by a record margin of 230 votes in January, and yesterday she failed to gain the support of hard line Brexiteers and the DUP Party of Northern Ireland which props up her Government. GBP exchange rates are having a busy week across the board, as the markets continue to digest the updates and also attempt to second...
GBP to CAD forecast: All eyes on tomorrow's key vote on the Brexit deal

GBP to CAD forecast: All eyes on tomorrow’s key vote on the Brexit deal

We're now less than 3 weeks away from the UK's expected departure date from the European Union, with this week being arguably one of the most important regarding the Brexit plan, as many following the news will be aware. Despite calls for UK Prime Minister Theresa May to once again postpone the meaningful vote on her Brexit deal, the vote is still expected to take place tomorrow evening and although Mrs May isn't expected to lose by such a substantial margin this time, analysts are...
Pound to Canadian dollar outlook before European Elections

GBPCAD Forecast : buying Canadian dollars with pounds

The pound to Canadian dollar could be in for some tricky times as investors await the latest stages and news on Brexit, while remaining concerned over the outlook on Brexit. The future is looking less certain for the global economy and what lies ahead; the market is bracing itself for some big changes in the future. Brexit is still undecided, which is impacting the value of the pound, whilst the trade Wars and also the uncertainty of the outlook on the global economy is driving...