Author Archives: Matt V

GBP/CAD Forecast – Brexit Negotiations Continue to Dominate Headlines (Matthew Vassallo)

GBP/CAD rates hit a high of 1.7188 earlier today, although the pair have remained extremely flat during Thursday’s trading. The Pound has seen its recent support soften over recent days, as confusion over the on-going state of Brexit negotiations continues to dominate headlines. Progress regarding the final figure on the UK’s Brexit settlement (rumoured to […]

GBP/CAD Forecast – CAD Finds Support Following Sterling Spike (Matthew Vassallo)

GBP/CAD rates have fallen during Tuesday’s trading, as the CAD found some support around 1.70. The CAD hit a high of 1.6873, giving it some much needed respite following the recent loses against Sterling. Sterling’s performance against the CAD has not been mirrored against most of the other major currencies and therefore the recent spike […]

CAD Strengthens Following BoE Interest Rate Decision (Matthew Vassallo)

Yesterday’s much anticipated Bank of England (BoE) didn’t’ fail to disappoint, although the outcome for the markets was perhaps more unexpected. GBP/CAD rates dropped to towards 1.67 and despite a recent downturn in the Canadian economy, the CAD gained over two cents against the Pound. GBP/CAD had been trading comfortably above 1.70 last week and […]

GBP/CAD Forecast – UK & Canadian Economic Activity Slowing (Matthew Vassallo)

GBP/CAD rates have remained flat during Wednesday’s trading thus far, floating around 1.65 on the market exchange. Investors remain sceptical as to which direction both the UK & Canadian economy may take, with both under pressure for various reasons. Looking at the UK and the Pound’s value has decreased over recent months dropping, by over […]

GBP/CAD Forecast – CAD Befitting From Sterling’s Downturn (Matthew Vassallo)

The CAD has found support against Sterling, after a difficult week for the UK economy. Poor Manufacturing & Construction PMI data early this week set the trend, with the negative fallout from UK Prime Minster Theresa May’s speech putting further pressure on the Pound. The CAD itself has been a mixed performer of late, dropping […]

CAD Makes Gains Against Sterling Following BoC Governor’s Comments (Matthew Vassallo)

The CAD has found support against Sterling during Tuesday’s trading, hitting a high of 1.6681. Despite the Pound recovering to 1.67 by close of European trading it has struggled to maintain its recent upturn, losing over two cents over the past few trading days. Whilst the UK economy continues to struggle against a wave of […]

How Has Tory/DUP Deal Affected GBP/CAD Exchange Rates? (Matthew Vassallo)

Yesterday we had confirmation that Theresa May’s lead Tory party had finally come to an agreement with the controversial Northern Irish DUP party, to form a working UK government. Whilst details about the arrangement were vague, it was confirmed that Northern Ireland will receive an additional 1 billion in funding, news which has caused unrest […]

BoE Governor Carney Indicates UK Not Ready for Interest Rate Hike (Matthew Vassallo)

Sterling has come under further pressure this morning, following Bank of England (BoE) Mark Carney’s Mansion House speech. Carney declared that the UK isn’t yet ready for an interest rate hike, citing weak wage growth and a growing uncertainty over how Brexit negotiations will play out. GBP/CAD rates have fallen, with the Loonie gaining almost […]

BoE Interest Rate Decision Boosts Sterling (Matthew Vassallo)

Sterling received a welcome boost yesterday, following the latest Bank of England (BoE) interest rate decision. Despite our central bank keeping rates on hold at 0.25%, the members voted 5-3 against a rate hike. This was an unexpected improvement from last month’s 8-1 vote and Sterling instantly gained value as a result. With the current […]

Sterling Under Pressure Ahead of UK General Election (Matthew Vassallo)

Sterling has seen some of its recent losses against the CAD reversed over recent days, although the general trend has been a negative one of late. The CAD gained approximately six cents at its high last month, with GBP/CAD rates tumbling below 1.72. Despite Sterling clawing back some of these losses (current trade prices around […]