Pound to Canadian Dollar exchange rate Global trade tensions and Brexit to drive GBPCAD rates

CAD continuing to lose value

This slide on CAD has become surprisingly sustained. Previous slides on the oil prices normally saw CAD's value stabilise within one or two business days. This 3 day loss which has seen GBP/CAD for example rise by over 4 cents as the Canadian Dollar weakens has instead set a new precedent. I must also point out that during December you do tend to get more exaggerated movements on the markets as trading thins in the run-up to the holidays. Large and isolated transactions can move...
Pound to Canadian dollar predictions: What to expect this month

GBP/CAD rates below 2.0!

The Canadian Dollar rally has continued unabated as GBP/CAD rates have now cascaded below 2.0 and got as low as 1.98 before correcting just above 1.99 as trading opened in North American markets this morning. A string of positive data from the Canadian economy has been moving GBP/CAD down for the past four weeks as Canadian Dollar strength began to outweigh the flailing confidence in the UK Pound. What finally pushed rates below the 2.0 mark was actually two consecutive 3% rises in oil price over...
Pound to Euro rate near 26-week high on low ‘No Deal’ Brexit risk

Sterling looking to improve against Canadian Dollar? (Daniel Wright)

The Pound may have a better period coming up against the Canadian Dollar following the recent Bank of Canada monetary policy statement and press conference suggesting that further easing may have to take place in the coming months. The Pound is starting to gather a little momentum following news that the Government in the U.K may not only be aiming for the 'hard brexit' approach which will settle investors ever so slightly for the time being. There is now a chance that we may see Sterling...
Pound to Canadian Dollar rate hits 20 month low could further falls be in store for the Pound

EUR/CAD rates highest in 2015

EUR/CAD rates have risen to the highest rates in 2015. Euro strength following positive Greek talks have been coupled with stronger data emerging from a Eurozone apparently in recovery. Today surprisingly poor housing data came out concerning the Canadian economy when this has been one of the better performers as of late. Read inside for the knock-on affects for EUR/CAD rates in the future, as well as CAD's other pairings.
Pound to Canadian Dollar predictions: Factors that will impact Pound to Canadian Dollar exchange rates

GBP/CAD Rates climbing once more – 1.94 Reached briefly this morning

This kind of volatility is frankly surprising. Most analysts were expecting the rates to settle down after the shock announcements dealt with on this website during Friday's trading session. The rates are moving up because of some poor news expected this afternoon about the long-term projections of the American economy, and their trade relationship with Canada. But to move the rates up by almost two cents in a single morning of trading is disproportionate to how important this data release is frankly. Markets on...
Pound to Canadian Dollar exchange rate Global trade tensions and Brexit to drive GBPCAD rates

When Do I Trade GBP/CAD? (Matthew Vassallo)

GBP/CAD rates have dropped over the past week, with a run of inconsistent UK economic data handicapping any further Sterling advances. The pair are now trading near 1.72 on the exchange and as I eluded to in my previous posts, the Sterling strength seen earlier this month proved not to be sustainable. As such, any clients who did not protect their positions will now be questioning whether we will see a recovery over the coming weeks. Whilst it is very difficult to predict exactly how...
GBPEUR rate remains steady as markets await the Autumn Budget

How will the EU Referendum affect my trade? (Daniel Johnson)

Current polls show that 52% of the UK wish to leave the EU. I feel the majority of voters in the leave camp are unaware there will be very little change with regards to migrant control, but if we leave but the impact on the UK economy could be catastrophic. The International Monetary Fund yesterday warned that trade relations will be put under significant strain and exports out of the UK would drop as a consequence. The UK economic growth forecast has now been...
Pound to Canadian dollar predictions: What to expect this month

GBP/CAD rates break 2.0!

Markets were stunned today, as the Bank of Canada announced that interest rates will be slashed down from already historic lows of 0.75% down to 0.5%. Furthermore, growth forecasts were also cut back which underscored the lack of confidence in the Canadian economy. Cutting interests rates has been a key way to stimulate economic growth throughout the world following the recession. It encourages the population to spend as lowering rates reduces the incentive to save, and encourages business ventures by making credit cheaper to receive. Canada...

Sterling strength continues from yesterday…CAD falls from negative long term projections (Joshua Privett)

The surprises continued from yesterday's positive UK economic data releases. Our GDP growth for the first 3 months of 2015 came in a full 0.2% higher than expected. While that may seem miniscule, as this is a measure of  entire UK economy, the figure is substantial, and was treated as such by the Currency Markets, with a Sterling rally back up against all major currencies. Further buying opportunities for the Euro continued today for the same reason. Jeremy Stretch at CIBC World markets believes this was...
GBPEUR rate remains steady as markets await the Autumn Budget

Volatile day on GBPCAD exchange rates!

Yesterday saw some big swings on the GBPCAD exchange rate reminding us how important it is to be prepared on the currency markets of any unexpected twists and turns. Just as the pound was having a very bad day and GBPCAD to 1.6780 the Bank of England Governor Mark Carney dropped some hints that he might wish to raise interest rates sooner in the UK than had previously been believed causing the rate to rocket to, by 3 hours later we were up at...