Canadian Dollar remains firm, Oil prices stabilise…

The Canadian dollar has settled down in the last few weeks as the price of Oil has stabilised. Investors have been slightly more encouraged to be holding the currency as the worst fears over the Alberta Sands fires have diminished although the Canadian economy will take some time to fully absorb all of the recent problems. Attention should now in my opinion focus on the upcoming EU Referendum in the UK which will help those looking to sell Canadian dollars for the pound. As...
GBPCAD Rates: Lack of Faith in the Pound Highlighted by Oil Crisis?

GBPCAD driving – STEVE EAKINS

Buying the Canadian dollar has become more expensive of late with the Pound. The reason for this has been sterling weakness rather than Canadian Dollar strength. The dollar has generally continued to struggle with the fires impacting oil production, the only boost for them has been as a result of the trade agreement with the US. As the US dollar strengthens on speculation of a potential interest rate rise there, the Canadian Dollar has been benefiting. In the recent past Sterling weakness has been driven...
Pound Sterling Forecast – Will the Pound Weaken Ahead?

Swing in Referendum Polls causes Sterling weakness

Yesterday saw the release of an ICM/Guardian poll on the EU referendum. A telephone poll showed the leave camp now marginally in front at 45%, with the remain camp at 42% and the remainder undecided.  An online poll had the leave camp further in front at 47% with the remain at 44%. We saw an instant drop in Sterling against the Canadian dollar, dropping from 1.9150 to nearly 1.88. This kind of movement shows how the polls can cause volatility on the exchange. Expect swings...
Pound to Euro Exchange Rate Outlook: Busy Week Ahead for GBP to EUR Rates

GBPCAD slips further!

Worries are continuing over the Oil Sands fires in Alberta Canada as investors fears on the Loonie ring true. Sterling has recently found form on a number of fronts which has clearly helped sterling to rise higher but the worry of course now is the Brexit, the vote of which is only 3 weeks away! Most analysts predict sterling to drop as we approach the date before sliding further as we move towards the date. Making firm predictions is of course impossible but the...
Pound Sterling Forecast – Will the Pound Weaken Ahead?

Canadian Dollar Rises on Rising Oil Price (James Lovick)

The pound has finally seen some resistance at these higher levels against the Canadian dollar with a move lower from 1.92 to just below 1.90 this afternoon for GBP CAD. Buyers of Canadian dollars may wish to act sooner rather than later as more volatility is expected for sterling exchange rates ahead of the UK referendum 23rd June 2016. UK GDP released this morning came in as expected at 0.4% although this could still be revised lower going forward which could see the pound weaken...

Sterling still rising against the Canadian Dollar & Bank of Canada’s Interest Rate Decision...

The recent opinion polls published last Thursday and again yesterday have suggested that the Remain camp is leading in the EU referendum due in just 4 weeks time. This has helped to keep Sterling exchange rates strong against the Canadian Dollar with the best exchange rate to buy Canadian Dollars since February. Last night the Bank of Canada confirmed that it would be keeping interest rates on hold at 0.5% which it has now been for 12 months. They followed the announcement with a statement about GDP...
GBP to CAD Rate: Sterling Gains Against the Canadian Dollar Ahead of Bank of Canada Statement

EU Referendum Polls and Slump in Oil Production cause fall for CAD

Canadian dollar has weakened of late due to a reduction in oil production caused by the wild fires in Alberta. This coupled with the remain camp gaining momentum in the EU referendum has caused GBP/CAD to hit 1.93 today. I feel the UK will remain in the EU and as such post 23rd June we could be well past 1.97. If you are a CAD seller it may be wise to move sooner rather than later. If you have a currency requirement I would be...
GBP to CAD Rate: Sterling Gains Against the Canadian Dollar Ahead of Bank of Canada Statement

CAD Decline Continues (Matthew Vassallo)

GBP/CAD rates have spiked over the past month, with the CAD coming under increasing pressure. The Pound has benefitted from two recent polls, which indicated the Remain camp now has a clear lead ahead of next month’s EU referendum. This is a key date for investors and is likely to shape Sterling exchange over the coming months. If we do stay it is likely to solidify the Pound’s position but if we were to leave then this is likely to knock Sterling’s value in the...
Pound Sterling Forecast – Will the Pound Weaken Ahead?

Buying Canadian Dollars – 2 Month High (James Lovick)

The pound has rallied higher against the Canadian dollar after a second opinion poll in the run up to the UK referendum on Europe has put the Remain campaign in front. Sterling has seen sizeable gains across the board although with a market movement of almost 1% for GBP CAD. For anyone buying Canadian dollars there is a much better opportunity to do so with rates at a 2 month high for this pair. This Wednesday sees the Bank of Canada’s interest rate decision where...
Pound Sterling Forecast – Will the Pound Weaken Ahead?

Oil price likely to determine GBP/CAD exchange rate this week (Joseph Wright)

Those following the GBP/CAD rate closely will be aware of the strides Sterling has made against the Canadian Dollar as of late, although with so many different factors affecting the pair it's difficult to gauge whether this tend will continue. GBP sellers may wish to consider the current level as favorable when we consider that GBP is trading around a 3 month high against the Loonie which is surprising when we consider that the UK public is due to vote on its political future next...