Pound to Canadian dollar forecast Canadian Unemployment Rate Falls

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...
Pound to Canadian Dollar forecast Best time to sell Canadian Dollars for Pounds since October 2017

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 predictions: Factors that will impact Pound to Canadian Dollar exchange rates

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 forecast: Will the Canadian Dollar continue to strengthen throughout 2019?

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...
Pound to Canadian Dollar rate hits 20 month low could further falls be in store for the Pound

GBP/CAD rates catapulted back up to 1.95! (Joshua Privett)

A multitude of factors have come together today to allow the Pound to gain a further 2.5 cents against the Canadian Dollar in a single day of trading. To put this in perspective, between the high and the low of today a $200,000 purchase was £1,300 cheaper to achieve on a well timed transfer! Firstly, investors fearful of a volatile Greek crisis has moved into safer currencies such as Sterling, which has artificially boosted its value due to increased demand. This began immediately this morning. Secondly, disappointing...

GBP/CAD rates rise briefly as the Pound gets an artificial boost (Daniel Wright)

After almost hitting 1.92, Sterling has benefited from a mass-influx of currency from the European mainland. The sudden deterioration in talks with Greece has forced many investors to flee to safe haven currencies such as the Pound. In doing so, they have driving up the value of Sterling on the currency markets, which is why in the first few hours of trading this morning rates have glided back up to 1.94. This should be viewed as another golden opportunity for Canadian Dollar buyers. We are...