Category Archives: Forecast for the Week

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 […]

Sterling rallys against the Canadian Dollar following inflation data release (Daniel Johnson)

Will Sterling gains be short lived against CAD? Sterling has strengthen against the Canadian dollar following a a rise in UK inflation. GBP/CAD now sits above 1.61.  The reason for the rise for Sterling was Consumer Price Index (CPI) data. CPI is a measure of inflation, if provides a comparison in price changes on goods and […]

Bank of Canada raise interest rates for the second time in a row (Daniel Johnson)

Rate Hike causes significant Canadian Dollar strength The Bank of Canada (BOC) have raised interest rates for the second time running. Rates had already risen from 0.5% to 0.75% at the previous meeting and now in a shock move we have see another rise today 1%. This is a very rate and bold move as […]

Politics and Brexit hold back the Pound (Daniel Johnson)

CAD moves from strength to strength The Canadian Dollar continues to strengthen against the pound. There has been a recent rate hike by the Bank of Canada (BOC) from 0.5% to 0.75% and there is the possibility of further rate hikes in the not too distant future. The Canadian economy is currently very strong with […]

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. […]

Will the pound rise or fall against the CAD in the coming weeks?

The pound is looking like it will only struggle further against the Canadian dollar as we get closer to the reality of the Brexit. Brexit uncertainties are probably not a surprise to many reading this blog, you might even be bored of hearing about them but if you are concerned with the pound and the […]

Could further Interest Rates be on the cards from the Bank of Canada? (Daniel Johnson)

Is CAD destined for further gains against Sterling? The Canadian Dollar has strengthened significantly against the pound following the recent interest hike from 0.5% to 0.75%.  We have recently seen a rise in Consumer Price Index (CPI) data. CPI measures changes in the price level of a basket of goods and services purchased by households, […]

GBPCAD drops even further! Will we break 1.60?

Overnight the CAD dollar has strengthened against the pound as investors concerns over the likelihood of further US interest rate rises increase. The expectation of further hikes in 2017 is fading and this has seen the US dollar lose ground across the board. One beneficiary of this has been the Canadian dollar which has strengthened […]

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 […]