Category Archives: CAD-GBP

Which will be stronger the pound or the Canadian dollar?

The Canadian dollar has been strengthening in recent weeks as it becomes more and more likely the Bank of Canada will raise interest rates. Expectations for the pound to rise against the Canadian dollar looked limited until this week when Inflation surprisingly jumped and the pound made some significant gains on the Loonie rising to […]

Canadian Dollar Strength!

The Canadian dollar continues to maintain the higher ground against most of the major currencies as recent developments drive the Canadian dollar higher. After the surprise interest rate hike from the Bank of Canada this month the dollar has received yet another boost. The Canadian economy has certainly proved itself to be particularly strong which […]

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 […]

Bank of Canada Interest Rate Decision Tomorrow (Ben Fletcher)

Tomorrow afternoon the latest interest rate decision will be released by the Bank of Canada, the expectation that there will not be a change to the rate. In July at the last meeting the Monetary Policy Committee raised rates by 0.25% from 0.5% to 0.75%. This was well received by investors and the Canadian Dollar […]

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 […]

What can we expect next for the GBPCAD exchange rate?

The GBPCAD rate has recently risen presenting some excellent short term opportunities to buy the CAD. This has occurred completely against the grain of expectation as the sinking pound does appear to be on course for further losses. All in all I would not be gambling on GBPCAD rising much higher but the recent switch […]

GBP CAD Exchange Rates Break 1.63

The Canadian dollar is seeing heightened volatility this week as the impact of Hurricane Harvey is also seen on the Canadian dollar as well as US dollar. The price of oil has fallen after Hurricane Harvey hit the state of Texas and a number of oil refineries have been forced to close. Considering this was […]

CAD weakness because of oil prices

The Canadian dollar has lost value against all of the major currencies this week due to the decline in oil prices. Oil has taken a hit following Hurricane Harvey as it is being reported that 20% of oil refineries have been shut down due to the flooding.┬áRegular readers will be aware that oil prices and […]

Canadian Gross Domestic Product Next Week Could Boost CAD (Ben Fletcher)

The GBP/CAD ┬árate has been on a steady decline over the last 20 days seeing the the rate dropping from 1.66 to 1.60. The steady decline in my opinion can be attributed to CAD strength as much as Sterling weakness. The Bank of Canada recently raised interest rates from 0.5% to 0.75% and their is […]

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 […]