Have We Seen the Worst For The Pound as The Bounce Bank Continues Against CAD?

Sterling slips from it’s recent highs as oil strength continues to boost the Canadian...

After posting a positive start to the week the Pound is once again on the decline against the Canadian Dollar. The GBP/CAD pair did hit an almost 2 month high of 1.70 within the past week, but a combination of oil prices rebounding to their strongest levels since October and some better than expected retail sales data out of Canada today has given the Loonie the advantage for now. Despite the Canadian Dollars fightback the Pound is still holding onto much of it's recent gains after...
Pound to Canadian Dollar Exchange Rate: Gains for Sterling After Bank of Canada Uncertainty

How could this weeks election effect the Pound to Canadian Dollar rate? (Joseph Wright)

There are a number of factors affecting the Pound to Canadian Dollar rate this week, with the UK general election this Thursday being the main driver of price movement. The Pound has weakened over the past few weeks after the polls covering this weeks election have shown that the Conservatives lead is narrowing. I think that should there be a shock result in the election this Thursday we could see the Pound sold off quite heavily, as UK Prime Minister Theresa May initially called the...
Have We Seen the Worst For The Pound as The Bounce Bank Continues Against CAD?

Canadian Dollar Dips to 10-Day Low as Canada Prepares for BoC Speech Whilst GBP...

The Canadian dollar hit a 10-day low yesterday as the country awaited the remarks from the Bank of Canada’s Governor Stephen Poloz. This low came as oil prices fell and domestic data revealed a shock decline in housing starts. Meanwhile, the GBP dropped after comments made by the Bank of England were received on the dovish end of the scale. Governors of the Bank of England warned that quantitative easing may still be on the cards for the UK, even with a cash rate...
Pound to Euro Exchange Rate: EUR Slumps as Number of COVID-19 Cases in Europe Rises

*Breaking News* GBP crashing

Sterling has already fallen more than 1.5 Cents against the CAD in the space of 5 minutes. GBP/CAD rates are now just above 2.02. Look to post below - If you have CAD to buy do so now, do not wait until later releases today to save the current buying levels. Call 01494 787 478 for a free quote on your transfer.
Pound Stronger vs Canadian Dollar this Morning

Buying Canadian Dollars (James Lovick)

The Canadian dollar has been calmer ahead of the US Fed interest rate decision announced this evening where no change to US interest rates is expected. Canadian GDP numbers are released on Friday which could give the Loonie some new direction. Expectation is for a very weak number in May to -0.5% which will be a steep decline from the previous reading at 0.1%. Such a low reading if correct could spell bad news for the Canadian dollar and there could be some considerable weakness...
The Canadian Dollar Celebrates USMCA Deal but Investors Are Cautious Following Poor Jobs

GBPCAD hits 1.70!

The pound to Canadian dollar rate has risen to 1.70 as investors gently stepped back from a slightly less hawkish BoC (Bank of Canada) yesterday. With no further hike as expected and a less strong commentary around the pursuit of further hikes the Loonie slipped in afternoon trading. This process had already been given a kick start earlier in the day by the ONS (Office of National Statistics) releasing data showing the UK economy growing at 0.4% giving the pound a much needed boost....

Strong retail data sees GBP/CAD rates tumble!

CAD strengthened yesterday following the surprising growth in their retail sales sector. In a single month the sector grew by 1%, half of which was a growth in car sales due to cheap fuel. Due to the further worsening of oil prices, many who were waiting to buy a car could move on this, because they were more confident with handling the long-term costs involved. Specifically concerning GBP/CAD rates, this was a fantastic day for CAD sellers. While the Canadian retail sector expanded, the opposite...
Pound to Canadian Dollar Outlook: Investors Favour Upside Following GBP Strength Boost

OPEC to influence Canadaian dollar exchange rates for the foreseeable future

Thursday in Vienna, the Organisation of Petroleum Exporting Countries also known as OPEC are set to discuss the oil cut production which expires in March. Last December the leading nations that make up OPEC agreed to cut oil production in a bid to raise the price of oil. Oil prices plummeted from $120 per barrel to $50 per barrel from December 2014 to December 2016. Reports are being released that the Russians could scupper a potential extension as energy Minister Alexander Novak was happy with the...
Positive End to the Week for the Pound

GBP/CAD – Is there any hope for Sterling?

GBP/CAD Forecast The true impact of the vote to leave the EU is ever present on the currency markets. The pound having fallen significantly against all major currencies. There has been little data of consequence out this week form the UK but we have still seen the pound's value drop. This is predominantly due to high probability that there will have to be a hard brexit after Francois Holland and Jean Paul Junker indicted there would be no trade negotiations unless Article 50 was triggered. Theresa...
Pound to Canadian Dollar Exchange Rate: Gains for Sterling After Bank of Canada Uncertainty

Pound to Canadian dollar forecast: Will GBP/CAD exchange rates drop below 1.70?

The pound to Canadian dollar exchange rate has been oscillating between 1.66 and 1.78 in the last year so current levels of 1.72 are literally 'mid-range,' and perhaps reflective of the lack of clarity on a number of issues relating to both the Brexit and also the trade wars and other concerns influencing the Canadian dollar. Pound to Canadian dollar rate falls due to lack of Brexit progress The pound is trending lower against many currencies at the moment as the market becomes concerned at the...