Author Archives: Tom Holian

Will the Pound strengthen against the Canadian Dollar next week? (Tom Holian)

The Pound has hit its best level to buy Canadian Dollars since the start of August after the Bank of England announced that they may be looking at increasing interest rates sooner than the market currently expects. The previous expectation was that the next interest rate hike may come in 2019 but Thursday’s announcement has […]

Hurricane Irma causes the Canadian Dollar to weaken against the Pound (Tom Holian)

The Pound has made some significant gains vs the Canadian Dollar towards the end of this week. Earlier in the week the Pound fell against the Canadian Dollar after the Canadian central bank announced a surprise interest rate hike which saw the GBPCAD exchange rate hit its lowest level since January. The Canadian Dollar has […]

Will the Pound fall further against the Canadian Dollar? (Tom Holian)

The Pound has continued to struggle against the Canadian Dollar as the UK economy is showing signs of problems. UK Trade Balance came in a lot lower than expected which has caused further losses for the Pound against all major currencies including vs the Canadian Dollar. Brexit negotiations have been going on for weeks but […]

Pound falls against the Canadian Dollar owing to US Jobs Report (Tom Holian)

The Canadian Dollar rate vs the Pound has strengthened towards the end of the week after the US economy posted better than expected jobs data for July. A total of 209,000 new jobs were created last month and the unemployment rate also hit the lowest number since 2001. Both the US Dollar as well as […]

Best rate to buy Canadian Dollars with Pounds this week (Tom Holian)

The rate to buy Canadian Dollars with Pounds is now trading at its best level in a week in what has been a rather mixed period in terms of economic data. UK GDP which was published on Wednesday showed that growth in the UK stayed firm at the expectation of 1.7%. The estimate was the […]

Pound hits 4 month low against the Canadian Dollar (Tom Holian)

The rate to buy Canadian Dollars with Pounds has hit its lowest level since early March as it continues to strengthen owing to the recent interest rate hike in Canada. The Bank of Canada raised the interest rate from 0.5% to 0.75% and with oil prices going in an upwards direction as the Canadian economy […]

Could the Pound improve against the Canadian Dollar? (Tom Holian)

We have seen very little movement for Pound vs the Canadian Dollar over the last month and we have also seen little movement for Sterling exchange rates against all major currencies. Since the Tories agreed a deal with the DUP the foreign exchange markets have remained very range bound and it appears as though the […]

Mark Carney helps the Pound make gains vs the Canadian Dollar (Tom Holian)

Bank of England governor Mark Carney has hinted this afternoon that the central bank may be looking at interest rates a lot closer this year than they have been recently. The Pound has made gains vs the Canadian Dollar following the announcement whereby Carney said ‘some removal of monetary stimulus is likely to become necessary.’ […]

Will the Pound fall further against the Canadian Dollar? (Tom Holian)

The Pound vs the Canadian Dollar has experienced some positive gains today after Bank of England member Andy Haldane suggested that he was considering voting for an interest rate hike this month which would have taken the vote to 4-4. He also suggested that the Brexit risk is not gone but that UK growth remains […]

Could economic data provide the Pound with some support vs the Canadian Dollar? (Tom Holian)

The Pound has made some small gains against the Canadian Dollar owing to UK inflation data which came out higher than expected at 2.9% for this year. The UK inflation rate is now running at a 4 year high and although the price of fuel has been falling the main reason for the rise was […]