Pound Sterling Forecast – Could the Pound Fall Lower Still?

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...
Pound to Canadian Dollar Outlook: BoC Interest Rate Cut Bets Soar as Oil Prices Sink CAD

What can we expect next for GBPCAD rates?

The pound looks like it could fall further with the outlook ahead for the UK very shaky indeed. Currently we have a minority Conservative government and the Queen's speech which was a much watered down version of the Conservative Manifesto has failed to set the pound alight. The price of Oil is a major factor on Canadian dollar exchange rates and the price of Oil fell yesterday, once again on more global concerns about oversupply. If you need to buy Canadian dollars I think...
Pound to Euro Outlook: GBPEUR Rates Reach 4-Week Interbank Highs

Buying Canadian Dollar rates set for improvement today (Joshua Privett)

After weeks of added expense from a resurgence in oil prices, alongside the anchor placed on Sterling from a shambles of an election, buying Canadian Dollar exchange rates may finally be heading back in a positive direction. Whilst the Pound is in limbo once more with the announcement of a new government partnership between the Tories and the DUP delayed (due to the awful events in London yesterday, and conflicting diaries until the end of the week), the economic argument will come to the fore...
Pound Sterling Forecast – Could the Pound Fall Lower Still?

GBP/CAD – Political uncertainty plagues the Pound (Daniel Johnson)

UK politics dictating GBP/CAD The snap election was deemed to be a smart move by Theresa May, unfortunately her cunning ruse did not go to plan. With the opposition so weak it seemed as though the election would be a foregone conclusion. However, with May attacking her core voters by stating those of a specific age would have to pay for their own care we saw many switch their allegiance. This was also combined with a very successful Labor campaign, particularly through social media. With the...
Pound to Canadian Dollar Rate Remains Towards the Top of Its Range Despite Fears of Brexit Negotiation Delay

How could this weeks election effect the Pound to Canadian Dollar rate? (Joseph Wright)

There are a number of factors affecting the Pound to Canadian Dollar rate this week, with the UK general election this Thursday being the main driver of price movement. The Pound has weakened over the past few weeks after the polls covering this weeks election have shown that the Conservatives lead is narrowing. I think that should there be a shock result in the election this Thursday we could see the Pound sold off quite heavily, as UK Prime Minister Theresa May initially called the...
Gbp to Cad Exchange Rate Hits a 1-Month High as Risk Appetite Returns to Global Markets

What issues could impact the Pound to Canadian Dollar rate? (Joseph Wright)

The Pound has gained almost 10 cents against the Canadian Dollar in just the last 2-weeks, as the Pound continues to rise on the back of the election called by Theresa May, the UK Prime Minister. I expect the election and speculation surrounding it to impact Sterling exchange rates over the next few months, due to the differing plans and outlooks from the UK political parties regarding the Brexit. As it stands the conservatives are favorites to win come the election in June, and that...
Pound to Euro Surges to 3-Week High

Pound to Canadian Dollar rates still rising (Joshua Privett)

Like the US Dollar the Canadian Dollar is currently suffering against the Pound, with Pound to Canadian Dollar exchange rates breaching new 5 month highs. The Pound's rally, if you haven't been in tune with the news this week, has been attributed to the sudden and euphoric announcement of an election in the UK. Contrary to what many are looking at, this rally is not simply because markets prefer a Conservative government, which is currently performing 24 points above what Labour is managing to put up...
Pound Sterling Forecast – Could the Pound Fall Lower Still?

Bank of Canada keeps Interest Rate on hold but could they rise soon?

The Bank of Canada has kept interest rates on hold today as we get closer to understanding further what they plan for monetary policy in the future. The BoC has brought forward their plans to hike interest rates in the future, prompting some small rises in the value of the Canadian dollar against most currencies. GBPCAD which has risen to almost 1.67 has fallen back to 1.66 which is presenting a much-improved position to buy pounds with the Loonie. If you are buying Canadian dollars...
Pound Stronger vs Canadian Dollar this Morning

What will move GBP/CAD this week? (Daniel Johnson)

  Tuesday 31st January - Canadian GDP & Manufacturing PMI Tomorrow will see the release of Canadian GDP. Gross Domestic Product is released by statistics Canada and is a measure of the total value of all goods and services produced by Canada. GDP is a broad measure of Canadian economic health and activity and if there is a move against expectations expect volatility on GBP/CAD. Thursday 2nd February -  UK Data - PMI Construction, BOE Asset Purchase Facility, Interest Rate Decision and Carney's Speech First up on Thursday we...
Pound to Canadian Dollar Outlook: BoC Interest Rate Cut Bets Soar as Oil Prices Sink CAD

Trump could cause volatility on GBP/CAD (Daniel Johnson)

Trump causing trouble promising to increase oil production Trump's speech following the inauguration was very focused on taking firm control of the domestic economy. Part of the plan for Trump's "Let's make America great again!" If his plans come to fruition the Canadian Dollar could lose value. I think Sterling is still chronically undervalued against the Canadian Dollar. The main factor for the pound's fall is the uncertainty surrounding trade negotiations post Brexit vote. Sterling has rallied following Theresa May taking away some of that uncertainty...