Tag Archives: best CAD exchange rates

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 […]

GBPCAD exchange rates forecast

At present GBPCAD exchange rates are being dictated by events in the UK. The spotlight is certainly shining on UK Prime Minister Theresa May as reports were leaked 5 days ago suggesting 40 Conservative MPs plan to  sign a vote of no confidence in the Prime Minister. For this to materialise there will need to be […]

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 […]

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 […]

Trump threatens to leave NAFTA (Daniel Johnson)

 NAFTA 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 […]

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 […]

BOC Moneatry Policy decisions shows a strong eonomic back bone for Canada (Daniel Johnson)

Who is making the correct moves for their economy the BOE or the BOC? There is little data of consequence released form both Canada and the UK this week. To put it bluntly I’m am of the opinion the Canadian economy is looking far healthier than the UK’s. We have seen two consecutive rate hikes […]

Pound to Canadian Dollar rate holds firm above 1.65, what data could impact the pair this week? (Joseph Wright)

The Pound has had quite a positive day during today’s trading session, after some better than expected economic data was released this morning. After a disappointing day yesterday when it was revealed that the construction sector shrunk for the first time in a year, the mood changed this morning as the services sector data came […]

GBP/CAD – Potential Market Movers (Daniel Johnson)

Could Boris Johnson provide some clarity on Brexit? Tomorrow we will see Boris Johnson discuss Brexit. This does have the potential to move markets if he provides any clarity on Brexit. I would however be sceptical about him causing a significant rise in Sterling value. The real issues that need to be addressed seem to […]

No further hikes for the Bank of Canada

This week Governor of the Bank of Canada Stephen Poloz surprisingly announced that interest rates wouldn’t raised again anytime soon and in fact interest rates could go either way due to fears that household debt is rising to fast. Within the same speech the governor outlined certain factors that are likely to influence interest rate […]