GBP/CAD spiking up
GBP/CAD rates have almost hit 8 year highs.
This is entirely due to market distortion following the continuously surprises coming out from the Chinese economy.
The saga has been going on for a few weeks now, originally the poor news helped the Canadian Dollar compared to its competitors. The Canadian Dollar is not closely linked with China as a trading partner, as such the USD and the Pound were hit harder as both their abilities to raise interest rates in the near future came into question.
But the worsening...
Canadian Dollar remains vulnerable due to NAFTA talks (Daniel Johnson)
Trumps demands are unrealistic in regards to NAFTA
The Canadian Dollar lost ground against the majority of major currencies recently following poor retail sales and inflation data. There is also the matter of the renegotiation of the North American Free Trade Agreement (NAFTA). Donald Trump feels that the current agreement is not beneficial enough for the US and has called Canada and Mexico to the negotiation table.
The uncertainty surrounding the outcome of the deal is putting pressure on the Canadian Dollar. There is even the...
GBP/CAD Exchange Rates: Brexit Deal or No-Deal Likely to be the Driving Factor
GBP/CAD exchange rates have fallen by two cents this week, with the pair now trading below 1.71. At one point it seemed as though the Pound was going to make a run at 1.75, only for the Brexit strangle-hold to once again tighten, causing investors to shy away from GBP.
As the Brexit deadline of March 29th fast approaches, the markets are becoming more cautious. Investors are having to plan for the potential outcome of a no-deal, even if they believe this scenario is unlikely...
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...
Sterling slips as weak inflation data puts a question mark over a Bank of...
Those hoping the Pound would receive a boost this morning were left disappointed as this weeks key piece of economic data out of the UK failed to meet expectations.
The data released this morning at 9.30am showed that the rate of Inflation has surprisingly dropped over the last month, and this has lowered the chances of an interest rate hike from the Bank of England.
Many had expected to see the BoE look into raising rates in order to weather the negative effects on the UK...
11-day high for the Canadian Dollar Ahead of Bank of Canada Speech
For nearly two weeks the Canadian dollar has been at an 11-day high. Despite recent pessimism on an all-important US-China trade deal, the ‘Loonie’ has held its ground. This is positive news for CAD and with a speech from Carolyn Wilkins, Governor of the Bank of Canada (BoC) set to pave the way for the BoC’s outlook it is crucial that CAD holds onto its recent gains.
Bank of Canada Speech Should Provide Insight
Carolyn Wilkins for the BoC gave a speech yesterday that is likely...
GBP to CAD forecast: Brexit Fears Helping to Support CAD Value
Sterling has climbed away from last week’s low against the CAD, with the pair once again trading back above 1.70.
This will feel like a small victory for many clients looking to execute a GBP to CAD exchange over the coming days, considering at last week’s low the Pound had fallen below 1.68.
The recovery came in line with Theresa may withstanding a vote of no confidence by her own Tory party. However, with a Brexit deal seemingly no closer and more public spats between the...
Will GBPCAD rates slip below 1.70?
GBPCAD rates have fallen and could easily fall below the 1.70 mark if we see fresh worse news for the pound and the Canadian dollar keeps performing well. The pound to Canadian dollar rate has already been below 1.70 this year falling in July and August touching 1.66. Expectations that Brexit might not be that bad have helped lift the pound but this is not looking so good now. Market focus is firmly back on the problems likely to be ahead with Brexit and...
GBP-CAD rates back to 1.95 as Sterling loses value (Joshua Privett)
Those who were hoping that GBP-CAD rates were journeying towards 2.0 received a bit of a shock today, as rates dropped 2 cents in a single day of trading. There has been a huge volume of capital pumped into Sterling as many investors holding Euros panicked about a potential Grexit. Sterling is considered a safe-haven currency, so the continued buying of GBP artificially inflated the value of the Pound - causing gains against most major currencies.
Now the opposite is happening. With positive moves in the...
GBPCAD Exchange Rate on the Rise with Brexit Party Ruling Out Tory Seat Contention
The GBPCAD interbank exchange rate has been volatile of late, mainly due to the uncertainties surrounding Brexit. Recent revelations from the Brexit Party have given the GBPCAD exchange rate a lift as they announced they will not be contesting for Conservative seats in the upcoming election
Brexit party announces Leave alliance
With Nigel Farage, the leader of the Brexit Party announcing that the party will not battle for the 317 Conservative seats which were won in 2017, the Conservatives will be puffing a huge sigh of...