Monthly Archives: October 2017

GBPCAD hits 1.70!

The pound to Canadian dollar rate has risen to 1.70 as investors gently stepped back from a slightly less hawkish BoC (Bank of Canada) yesterday. With no further hike as expected and a less strong commentary around the pursuit of further hikes the Loonie slipped in afternoon trading. This process had already been given a […]

Impact on GBCAD rates – Canadian Interest Rate decision and UK GDP figures (Tom Holian)

The Pound has made some small gains vs the Canadian Dollar during the last few days as there have been a few signs that the Brexit talks may be a little more positive than previously thought. Prime Minister Theresa May was in Brussels towards the end of the week and rumours are that the Europeans […]

GBP CAD Rallies on Positive Brexit Noises from EU

GBP CAD exchange rates have risen today despite a poorer weak for UK economic data which had resulted in a slide for sterling across all of the major currencies. The pound has rallied today on the back of some better news coming from the EU with regards Brexit. The pound has been weaker as result […]

How will GBPCAD perform for the rest of the month?

The pound to Canadian dollar has been slipping from the highs of almost 1.68 to more comfortable levels in the 1.64-1.65 range. Most clients looking to buy Canadian dollars are now faced with two key events to try and determine the future direction on the pairing, namely the likelihood of an interest rate hike by […]

Trump threatens to leave NAFTA (Daniel Johnson)

┬áNAFTA collapse a possibility There are worries for the Canadian Dollar at present caused by the potential for the North American Free Trade Agreement (NAFTA) to disintegrate. President Trump has stated that there is the possibility the US could drop out of the trade deal if there is not agreement in hard-line proposals on Canada […]

Oil price rise helps the Canadian Dollar vs the Pound (Tom Holian)

The Canadian Dollar increased against Sterling during the course of yesterday’s trading session following a rise in the value of Brent Crude oil prices which hit USD$58 per barrel. The Canadian Dollar increased against the Pound by over a cent which provided a good opportunity for anyone with a requirement to buy Pounds with Canadian […]

GBP CAD Rallies – Theresa May In Brussels Tonight

GBP CAD exchange rates have seen an excellent day with gains of around 1% for this pair with levels hitting a high today of 1.6686 creating some better opportunites for those clients looking ot buy Canadian dollars. British politics continue to be the main driver for GBP CAD and the planned dinner this evening between […]

GBP CAD Rallies on EU Discussion on Future Trade

GBP CAD exchange rates have seen a volatile week largely as a result of the ongoing Brexit developments which have had a direct and substantial impact on the price of sterling. The pound has made gains against the Canadian dollar after it was reported late yesterday that the European Union would now start discussions about […]

Sterling boosted on talk of a potential 2-year transition period, will GBP/CAD continue to climb? (Joseph Wright)

The Pound traded in quite a volatile fashion yesterday after a number of mixed messages were sent by key Brexit personnel. The end of the 5th round of Brexit negotiations lead the UK’s Brexit Secretary, David Davis to offer his views on how negotiations are going so far, and he was fairly upbeat. This was […]

Further pressure on the Canadian dollar

The Canadian dollar has found itself under pressure over the last 24 hours due to the fall in oil prices. It has been reported that US fuel inventories have risen despite OPEC ordering a cut in production. For new readers, oil is Canada’s largest export and when oil prices fall so does the currencies value. […]