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...
Could GBP/EUR breach 1.13 this week?

GBP/CAD rates fall as Sterling loses value against most currencies

It seems that the correction happened sooner than expected. However, it is not by much. We are still comfortably in the 1.97's for GBP/CAD rates. Sterling's fall is mainly due to the tempting buying opportunities available now across the board. So those holding Sterling are buying up other currencies while they are cheap, which in turn lowers those rates as the purchased currency strengthens. This is nothing to do with positive progression in the talks between Greece and her creditors. Overnight there was news announced about the...
Brexit continues to dominate the Pound vs Canadian Dollar rate

GBP/CAD Rates hit 1.97! (Daniel Wright)

Rates continue to surprise as more and more capital is thrown into the Pound following Greece's popular rejection of their creditor's bailout claims. As such, the Pound has strengthened against all major currencies today. With a high of 1.975 reached as I write this, I would not be surprised to see 1.98 reached overnight in the UK while North American markets continue to trade and abandon their Euros for Pounds. It was a shame for CAD sellers to hear, as positive data was released today concerning...
Trade Deficit Falls, but does not match expectations

GBP/CAD rates hit 1.96 after Greek vote (Joshua Privett)

The amount of money flowing into the UK Pound at the moment is incredible. UK markets have not even opened yet, but from Japan across to Eastern Europe the markets which have been open are quickly selling off their Euros in a frenzy following the referendum in Greece. In a resounding 61% majority to reject the terms of the bailout set out by Greece's creditors, the stage has been set for the latest set of talks to see if Greece will stay in the...
GBPEUR rate remains steady as markets await the Autumn Budget

Relatively quiet day for data releases affecting GBP/CAD has markets looking ahead

As the title suggests we are expecting a relatively quiet day on the markets in general for rate movements. The last thing I will do is discount the possibility of surprises. Over the past few months the markets have been riddled with them. Today is also one of the last days before the referendum this weekend in Greece can be halted in favour of a deal between Greece and its creditors. Should this be achieved I expect GBP/CAD rates to fall following the sudden...
will the pound increase against the Canadian dollar towards the end of the week?

CAD strengthens while GBP and USD lose value (Daniel Wright)

An interesting day for the Canadian Dollar unfolded as we got a lesson in how interconnected the currency markets are. Single events in distant countries can have as strong an affect on Canadian Dollar rates as those right on the country's doorstep in the US. Today the amount of people claiming jobless allowance in the US were shown to have increased by 30,000 last month, and the amount of new jobs added the economy came in lower than expected. Poor data in the US, due...

As expected GBP/CAD rates remained at 1.96

Yesterday was largely uneventful for the Canadian Dollar. Few data releases on either side of the Atlantic saw the situation in Greece dominating the relationship between most currency pairs. While the Greek delegation suddenly showed themselves to be more conciliatory in their run-up to their referendum on July 5th, offering new terms, and rumours that they were more open to accepting further cuts flourished. However, with nothing concrete announced, rates refused to move below or above 1.96 for GBP/CAD as no more capital flowed in...
Pound to Canadian dollar exchange rate volatile on Brexit developments

GBP/CAD rates hold steady in the low 1.96’s

It seems markets are still digesting the mammoth swings which occurred yesterday for the Canadian Dollar. It seems Canada started the second quarter much like it started the first quarter of 2015, in recession. The first quarter saw an annualized rate of recession at -0.6%, and now we have begun the second seeing an initial contraction of -0.1%. Recession is defined by two successive quarters in a row of economic contraction, and Canada is now only a few months away from being in this category. Policymakers...
GBPEUR rate remains steady as markets await the Autumn Budget

CAD weakens further against all major currencies (Daniel Wright)

GBP/CAD rates got as high as 1.965 today as everything worked in the Canadian Dollar buyers' favour to stretch rates just that little bit further, and fresh 7 year highs have been reached! Canada's economy contracted in May by -0.1%, only a small amount away from the expected 0.1% growth, but an economy flirting with recession understandably does not attract much confidence. It seems that the poor trade figures released earlier in the month were right to indicate a slow-down in the economy. Whilst Canada...
GBP to CAD Rates Slip after Strong Week

Extremely volatile day for CAD against all major currencies

GBP/CAD, EUR/CAD, USD/CAD and more will be subject to numerous market forces today. There will be data releases in the Canadian economy, political upheaval in Europe, and a flood of economic forecasts released for the UK, Europe and the US. At 13:30 GMT the release of GDP for the Canadian economy during the month of May will be the most important point to watch out for the day. Canada has tried extremely hard to diversify its economy in the face of record and sustained poor...