Tag Archives: award winning exchange rates

What can we expect from GBPCAD in the next week?

The pound has had a volatile few weeks against the Canadian dollar with rates ranging between 1.66 and 1.70 as investors take stock of the upcoming US interest rate hike and also developments in the UK political situation. Current market predictions centre on a stronger pound as Brexit negotiations gain some momentum and the worst […]

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 […]

Canadian Dollar drops in line with oil weakness, will GBP/CAD continue to climb? (Joseph Wright)

The Pound to Canadian Dollar rate breached the 1.70 mark once again this morning, after previously hitting that level back on the first day on this month. Mid-market levels of 1.70 are the highest since June of last year, meaning that those converting their Pounds into Canadian Dollars are able to do so at some […]

Where next for CAD? (Daniel Johnson)

Could we see further gains for CAD? The Canadian dollar has performed well at the start of November, dropping as low as 1.65 against Sterling. Although there are worries surrounding trade between the US and Canada (the US is Canada’s biggest trade partner)  I am still of the opinion there could be further losses for […]

Sterling predicted to fall further in 2018, should you exchange your Pounds now? (Joseph Wright)

This morning could be important for Sterling exchange rates as UK trade balance figures for the Pound are due to be released. UK Trade balance figures are important because they will demonstrate the gap between what Britain buys from the rest of the world versus what it sells back. This update comes at a time […]

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 […]

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 […]

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 […]

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 […]