Author Archives: Joseph W

Busy day expected for the Pound to Canadian Dollar rate tomorrow, what data should we look out for? (Joseph Wright)

The Canadian Dollar has gained almost 5 cents against the Pound over the past week after the Bank of Canada unexpectedly opted to raise interest rates yesterday and late last week it emerged the economy is growing at a much higher pace than expected. This comes at a time the Pound is under pressure after […]

Will Brexit concerns continue to drive GBP/CAD downward? (Joseph Wright)

The Pound to Canadian Dollar exchange rate has continued its downward trend during today’s trading session, and I think it will be interesting to see whether 1.60 manages to act as a support level or not moving forward. The lowest level the pair have hit today is 1.6014 so the key level is getting closer. […]

Pound to Canadian Dollar rate getting closer to post-Brexit vote lows (Joseph Wright)

When compared with the Canadian Dollar, the Pound isn’t in as bad a position as it is when compared with the Euros for example. Since the Brexit vote last June the lowest the GBP/CAD rate has dropped is around 1.5850, and at the moment the Pound to Canadian Dollar rate is trading around 5-6 cents […]

Pound slides after latest Bank of England comments, will the GBP to CAD rate continue to drop this year? (Joseph Wright)

The Bank of England yesterday opted to keep interest rates on hold, and whilst this was expected it was the less bullish voting patterns and dovish comments from the BoE’s governor that caused the Pound to fall further. Due to the increasing inflation pressures after the Pound’s drop in value since the Brexit vote, there […]

Sterling slips as weak inflation data puts a question mark over a Bank of England rate hike (Joseph Wright)

Those hoping the Pound would receive a boost this morning were left disappointed as this weeks key piece of economic data out of the UK failed to meet expectations. The data released this morning at 9.30am showed that the rate of Inflation has surprisingly dropped over the last month, and this has lowered the chances […]

Pound to Canadian Dollar rate hits a 3-month low after BoE member fails to mention rate hike, where to next for GBP/CAD?

Investors and clients hoping to change Pound into Canadian Dollars at higher rates have been left disappointed today. In this flat market many within the financial services has been awaiting the comments from Bank of England governor Ben Broadbent this lunchtime, as many had hoped that he would make a reference to his his option […]

Pound to Canadian Dollar remains at week lows as we await key services data this morning (Joseph Wright)

Sterling exchange rates have been trading within very thin trading ranges since the snap election last month, and as we await the Services Data PMI this morning the Pound has dipped to it’s lowest level in the past week against most major currency pairs including the Canadian Dollar. This morning Services Data will be released […]

Pound to Canadian Dollar rate flat so far this week, will tomorrow bring movement between the pair? (Joseph Wright)

The Pound to Canadian Dollar exchange rate has been trading within thin volumes so far this week, with the pair ranging just half a cent throughout today’s trading session. The Pound is coming under pressure against many other currency pairs which some may consider as a sign of Canadian Dollar weakness. With the Pound losing […]

Pound to Canadian Dollar rate drops as Bank of England governor disappoints the markets (Joseph Wright)

Those of our readers and clients planning on exchanging their Pounds into Canadian Dollars at better exchange rates have been disappointed today, as the Governor of the Bank of England, Mark Carney has disappointed the markets during an early morning speech earlier today. Many had hoped of an interest rate hike, which would most likely […]

Pound to Canadian Dollar rate falls to its lowest level in 2 months, will the GBP/CAD rate continue to fall? (Joseph Wright)

The panic and uncertainty surrounding the UK at the moment is continuing to weigh on the Pounds value, with the Pound to Canadian Dollar exchange rate hitting its lowest level in 2-months since the election outcome. Political uncertainty is one of the biggest downside risks to a currencies value, and since the election outcome was […]