Tag Archives: Bank of England

Busy day expected for the Pound to Canadian Dollar rate tomorrow, what data should we look out for? (Joseph Wright)

The Canadian Dollar has gained almost 5 cents against the Pound over the past week after the Bank of Canada unexpectedly opted to raise interest rates yesterday and late last week it emerged the economy is growing at a much higher pace than expected. This comes at a time the Pound is under pressure after […]

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. […]

Can Sterling Recover Against The Canadian Dollar? (Ben Fletcher)

The start of this week has been fairly difficult for people looking to purchase Canadian Dollars as the rate dropped over 2 cents. However there does appear to be some light at the end of the tunnel, with the last two days bringing gains to the GBP/CAD. Sterling in my opinion could start to have […]

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 […]

Will the Pound fall further against the Canadian Dollar? (Tom Holian)

The Pound has continued to struggle against the Canadian Dollar as the UK economy is showing signs of problems. UK Trade Balance came in a lot lower than expected which has caused further losses for the Pound against all major currencies including vs the Canadian Dollar. Brexit negotiations have been going on for weeks but […]

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 falls against the Canadian Dollar owing to US Jobs Report (Tom Holian)

The Canadian Dollar rate vs the Pound has strengthened towards the end of the week after the US economy posted better than expected jobs data for July. A total of 209,000 new jobs were created last month and the unemployment rate also hit the lowest number since 2001. Both the US Dollar as well as […]

Will GBPCAD drop below 1.60?

The pound has really struggled today dragging GBPCAD down almost 3 cents as investor concerns over the economic outlook for the UK increase. The Bank of England reduced growth forecasts and withdraw previous support for an interest rate hike causing the currency to slide as largely expected. The GBPCAD rate had been moving closer to […]

GBPCAD update

Since the start of May GBPCAD exchange rates have dropped 12 cents. To put this into monetary value a £200,000 transfer into Canadian dollars achieves you 24,000 dollars less than 3 three months ago. In recent weeks the pound has lost value against the Canadian dollar due to UK inflation numbers falling last month. Inflation […]

Canadian Gross Domestic Product Tomorrow (Ben Fletcher)

The Canadian Dollar of late has been one of the strongest currencies, especially due to interest hike in the last few weeks. The GBP/CAD has remained in the low 1.60’s for a week now and the question is will this continue? In my opinion there isn’t to much chance with the status quo that the […]