GBP EUR Looks to Employment Figures for Support

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 to Canadian Dollar Drifts Lower as Global Sentiment Improves

How will the invocation of Article 50 effect GBP/CAD? (Daniel Johnson)

On Wednesday 29th March Theresa May will push the button, triggering Article 50 and this will officially begin the process of Britain leaving the EU. Despite many analysts predicting Sterling will fall in value against the Canadian Dollar, I am of the opinion Sterling will rally. The market moves on rumour as well as fact. I think The official exit from the EU is already factored into current buoyancy levels on GBP/CAD.  If there is an unpredicted event, or a data release goes against...
Pound to Dollar Rate Pushed Higher by Risk-on Mood

What will effect the Canadian Dollar short term? (Daniel Johnson)

How will the US rate hike effect the Canadian Dollar? The US dollar actually weakened following the rate hike as Fed chair-lady, Janet Yellen had a very cautious tone when addressing the possibility of further rate hikes. Despite the possibility of a further two rates hikes this year, Yellen indicated there would have to be continued improvement in the US economy in order to justify a further hike and also have the firm belief it would not be detrimental to growth. A rise in oil...
Pound to Canadian Dollar Rate Remains Towards the Top of Its Range Despite Fears of Brexit Negotiation Delay

The Pound gets a boost as weaker oil prices drive the Canadian Dollar down,...

The Pound to Canadian Dollar exchange rate received a boost today and recovered some of its recent losses, after the Canadian Dollar dropped as oil prices hit the headlines. With the Canadian economy being reliant on its exports, and oil being one of its largest exports the value of oil is therefore likely to impact the Canadian Dollar.  This is what's known as a commodity currency and those planning a currency exchange involving the Loonie should be aware of this as it can lose/gain value when...
GBP EUR Looks to Employment Figures for Support

What will effect GBP/CAD? (Daniel Johnson)

Brexit Bill Update The very brief Brexit bill currently is being held by the House of Lords after being approved by the House of Commons. Theresa May purposefully made the bill as brief as possible so there would be little possible in terms of amendments. Her plan for a swift, hard Brexit seems to be going to plan as it looks as though there will be no significant changes to the bill by the House of Lords. If amendments were to take place it could delay...
GBP EUR Looks to Employment Figures for Support

Sterling Strength Softens – Where Next for GBP/CAD Exchange Rates? (Matthew Vassallo)

Sterling’s early year run against the CAD has softened of late, with the Pound finding resistance around 1.65. The CAD has found support over the past week, with the pair now trading around 1.63. Much of the current market sentiment is being driven by the UK’s on-going Brexit saga and with further developments over the coming weeks, I expect this trend to continue. UK Prime Minister Theresa May is currently hoping the governments Brexit bill is passed through the House of Lords, which would allow them...
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...
Oil Prices and Brexit Casuing Volatility for Pound to Canadian Dollar Exchange Rates

GBP/CAD – Sterling Falls in Value (Daniel Johnson)

Brexit Fears cause the Pound to drop Theresa May stated over the weekend there was the probability of a hard brexit and the Pound has fell against the Canadian Dollar as a result. I am not so convinced. The key market mover on the horizon is the Supreme Court Judgement on whether parliament will get to vote on the triggering of Article 50.  If parliament do get the vote there is the probability of a soft brexit which should see the pound strengthen. A hard brexit...
Oil Prices and Brexit Casuing Volatility for Pound to Canadian Dollar Exchange Rates

What can we expect for GBPCAD rates in 2017?

The pound is likely to struggle in 2017 but what about the Canadian dollar? The GBPCAD rate has been volatile in 2016 and I expect this to continue in 2017. Two of the main issues on this currency pairing will remain in 2017, that is the Brexit and the price of Oil. These two issues will continue to dominate and influence the GBPCAD exchange rate. Understanding just what happens on these events will help determine what kind of exchange rates we see moving forward....

Another Volatile Day for GBP/CAD Exchange Rates! (Matthew Vassallo)

It’s been another volatile day for GBP/CAD exchange rates, with approximately two and a half cents movement on the pair during Thursday’s trading. Sterling received a welcome boost this morning following apparent comments made by Boris Johnson, regarding the free movement of people within the UK following our upcoming Brexit. This immediately gave the Pound a boost, with GBP/CAD rates hitting 1.6980 at today’s high. Johnson was quick to speak out against this and claimed he had in fact never made the statement and the...