Trump trade optimism sends the Pound to AUD rate lower

Trump threatens to withdraw form NAFTA

NATFA Talks in Jeopardy The North American Free Trade Agreement (NAFTA) is currently in renegotiation due to Trump’s view that “it is the worst trade deal in history.”  The deal is between Mexico, Canada and the US. There were hopes a deal would be in place before the Mexican election on 1st July, but this now seems unlikely. Canada is heavily reliant on the US purchasing it’s exports and a change in the current trade deal will hurt the Canadian economy. The outcome on talks...
Pound to Canadian Dollar exchange rate GBP fails to make gains against CAD as Brexit and oil prices affect the currency pair

Canadian Dollar Supported ahead of Bank of Canada Meeting

The Canadian dollar continues to find support as the price of oil climbs higher and the concerns over the renegotiation of the NAFTA agreement have softened in recent weeks. Ever since US President Donald Trump pulled out of the Iran nuclear deal the price of oil has been inching higher and this is helping strengthen the Canadian dollar. There is currently a good opportunity for selling Canadian dollars. As a commodity currency and net exporter of oil the Canadian dollar tends to strengthen when oil...
Pound to Canadian Dollar predictions: Factors that will impact Pound to Canadian Dollar exchange rates

Canadian Dollar Strength although NAFTA Uncertainty Remains

The Canadian dollar continues to make gains across most of the major currencies including the pound as the price of oil climbs higher. The price of oil has been climbing higher after tensions escalated in the Middle East following the decision from US President Donald Trump to pull out of the Iran nuclear deal. This geopolitical uncertainty is pushing the price of oil higher and this is so far proving beneficial for the Canadian dollar due to the fact that Canada is a net...
Will the gains for the GBP to CAD continue through September?

Canadian Dollar Strength over Uncertainty in Middle East

The Canadian dollar is continuing to make gains across most of the major currencies with a particularly strong improvement against the pound. Rates for GBP CAD have now fallen to 1.7342 creating an excellent opportunity for those clients looking to sell Canadian dollars for pounds. The Canadian dollar has been boosted on the rising price of oil which has stemmed from geopolitical concerns in the Middle East. US President Donald Trump has pulled out of the Iran nuclear deal which is creating uncertainty in the...
Could Brexit developments and the Canadian Interest Rate Decision cause movement for GBPCAD later today?

NAFTA deal still far from sewn up

US threatens non-approval on NAFTA deal if there is no firm proposal in place in three weeks. The North American Free Trade Agreement (NAFTA) is currently in the process of being renegotiated. NAFTA is a free trade deal between the Sates, Mexico and Canada. Trump has made very clear he is unhappy with the current deal and has called it "the worst trade deal in history." The results of the new negotiations could have huge ramifications fro the Canadian Dollar, the US is Canada's largest trading partner. If...

CAD Forecast – Canadian GDP Figures Boost the CAD’S Value Further (Matthew Vassallo)

The CAD has found a new lease of life over recent weeks, with another positive move during Tuesday’s trading. CAD/GBP rates have spiked by around a cent and a half, following the release of today’s attest Gross Domestic Product (GDP) figure. Canada’s economy has grown by 0.4%, with the official figure coming in above the markets predicted result of 0.3%. This healthy reading is the culmination of a run of strong economic data, which has helped to boost investor confidence in the Canadian economy over recent weeks. This...
Pound to Canadian Dollar forecast Best time to sell Canadian Dollars for Pounds since October 2017

Canadian Dollar Still Uncertain over NAFTA

The Canadian dollar continues to remain on the back foot as uncertainty surrounding NAFTA remains the primary concern for the Canadian economy. The Bank of Canada has raised its concerns over the issue as well and its Governor Stephen Poloz has hinted at not raising interest rates until the future is more clear on this matter of trade. The Bank of Canada surprised the markets last July when it raised interest rates by 0.25% which was later followed up with another hike in the Autumn....
Pound to Canadian dollar predictions: What to expect this month

Bank of Canada dovish which leads to Canadian Dollar weakness – NAFTA concerns starting...

We have seen further weakness for the Canadian Dollar during trading today following on from the Bank of Canada Governor Poloz offering a fairly dovish view on the economy in a speech last night. The NAFTA agreement or more importantly the uncertainty behind it is starting to weigh heavily on business confidence in Canada, along with the continued strength of the U.S Dollar which is also leading to the Canadian Dollar weakening. The rise for U.S treasury 2-year notes compared to Canadian 2-year notes is now...
Pound to Canadian dollar predictions: What to expect this month

Canadian Dollar Boosted on Bank of Canada Outlook

The Canadian dollar has received a boost after Bank of Canada governor Stephen Poloz hinted at further interest rate increases after he said that wage growth is forecast to start rising which would be seen as good for the Canadian economy. However he highlighted that the ongoing NAFTA negotiations are holding back the Bank of Canada from making any sudden decisions as uncertainty still remains. There is some hope that a deal will be arranged and there is pressure from Mexico to have this wrapped...
Pound to Canadian Dollar exchange rate GBP fails to make gains against CAD as Brexit and oil prices affect the currency pair

CAD Forecast – BoC Interest Rate Decision Unlikely to Boost CAD’S Value (Mattew Vassallo)

Any clients with a short-term CAD currency exchange requirement will be keeping a close eye on Wednesday’s Bank of Canada (BoC) interest rate decision and subsequent monetary policy statement. The BoC are expected to keep rates on hold at 1.25% and with economic uncertainty around the Canadian economy at record highs, I would be very surprised to see a rate rise even muted under current market conditions. The CAD itself has been under increasing pressure for much of 2018, with heavy losses against Sterling and the...