Pound to Canadian Dollar outlook Will Sterling struggle against the Canadian Dollar?

Is 1.70 the ceiling for the GBP/CAD pair this side of the new year?...

The Sterling to Canadian Dollar exchange rate tested the 1.70 mark during the height of the Pounds recent surge. Sterling was boosted substantially by the election of Trump, and it was the Trump factor along with the High Courts vote in favour of the UK Prime Minister needing parliamentary approval before beginning the Brexit process that has really given the Pound a boost. During the height of Sterling's recent surge the highest the GBP/CAD pair hit was 1.7022 back on the 14th of November, and since...
GBP EUR Looks to Employment Figures for Support

Is an Interest Rate Cut on the Horizon in Canada? (Daniel Johnson)

There is speculation the Bank of Canada (BoC) are considering cutting interest rates at the next meeting due on 7th December. BoC governor Stephen Poloz is due to speak during the early hours and any hint of a change in monetary policy will no doubt send traders into a frenzy. With a rise in oil prices, Canada will want to be at the forefront of supply and a rate cut would certainly assist in making Canada's oil reserves more attractive. OPEC are currently in meetings in...
GBP to CAD Rate: Sterling Gains Against the Canadian Dollar Ahead of Bank of Canada Statement

Sterling slips from it’s recent highs as oil strength continues to boost the Canadian...

After posting a positive start to the week the Pound is once again on the decline against the Canadian Dollar. The GBP/CAD pair did hit an almost 2 month high of 1.70 within the past week, but a combination of oil prices rebounding to their strongest levels since October and some better than expected retail sales data out of Canada today has given the Loonie the advantage for now. Despite the Canadian Dollars fightback the Pound is still holding onto much of it's recent gains after...
GBP EUR Lower After ECB Monetary Policy Minutes

GBP/CAD Rates Fall as Oil Prices Rise (Matthew Vassallo)

GBP/CAD rates have fallen over the past week, with the CAD gaining over three cents at the high. The pair were trading North of 1.70 but following Sterling’s decline trades today have been going through around 1.67 on the exchange. The CAD has benefited from the steady rise in oil prices of late, which has helped to drive its value up. Due to the Canadian economies heavy reliance on the export of their crude oil, the markets will always react to the fluctuation in oils...

Will GBPCAD rates hit 1.70?

Many Canadian dollar buyers have seen the rates improve quite nicely in the last week with exchange rates now at highs approaching 1.70, the big question for CAD buyers with pounds is will this get hit anytime soon? I would be approaching the market with a cautious approach as we could not rule out a 1.70 but there is plenty that could move the pound and see rates fall lower. My personal explanations for any fall would be down to the UK struggling to establish...
GBP EUR Lower After ECB Monetary Policy Minutes

Will GBP continue its recovery against CAD, and how is the presidential election result...

It's likely to be a busy night and following day for exchange rates across the board, as the outcome of the US Presidential Election is likely to be announced in the early hours tonight. It seems like the calm before the storm as Sterling exchange rates have been trading within relatively thin volumes over the past trading session, as investors await the outcome of the presidential race. Today economic data has done little to move markets, and most pairs are likely to be driven by which...
GBP EUR Exchange Rate: Week in Review October 9th

Canadian Dollar boosted after GDP figures meet expectations (Joseph Wright)

The Canadian Dollar has received a boost to it's value after the GDP figures came out at 0.2% as expected in the early hours of this morning. This is actually a fall from the previous figure of 0.5% but with the figure meeting expectations the currency has gained almost across the board. With the oil price weakening recently the Canadian Dollar has been under pressure due to it's commodity currency status, but that hasn’t really affected the GBPCAD pairing as Sterling is under immense pressure...
GBP EUR Looks to Employment Figures for Support

GBP/CAD Rates Continue to Slide (Matthew Vassallo)

GBP/CAD rates have levelled out over the past week following some heavy losses earlier this month. GBP/CAD rates dropped by almost 10 cents, following UK Prime Minister Theresa May’s comments regarding the triggering of Article 50 early next year. Whilst we knew this was coming the timeline was shrouded in uncertainty and the confirmation rocked the markets and sapped investor confidence, which in turn caused the Pound to lose value. We did see a mini recovery for Sterling earlier in the week, which was halted following...
GBP EUR Exchange Rate: Week in Review October 9th

Canadian Dollar upside capped for the moment (Joseph Wright)

The Pound is on the rebound against the Canadian Dollar, which is quite a surprise when we consider that within the past few weeks it hit a new low of 1.55, during the flash crash just a couple weeks ago now. The feeling towards the Pound, and the UK economy in general has turned for the better as the language surrounding ‘Brexit’ has softened somewhat. The situation was very much the opposite towards the beginning of last week and over that weekend, as European Leaders...
Pound to Canadian Dollar Drifts Lower as Global Sentiment Improves

Canadian Dollar enjoys heavy strength following monetary policy statement (Joshua Privett)

Yesterday the Canadian Dollar was the focal point of a stir in the currency markets, with GBP/CAD collapsing instantaneously before correcting back upwards following news of lowered growth forecasts for the Canadian economy. In a mixed day for the loonie, its value initially surged following a further rally on oil prices suggestive of some stability returning to the sector. Before correcting backwards with the monetary policy statement from the Bank of Canada suggestive of a tentative outlook in the near future. Oil prices have begun to rally...