Tag Archives: best rates of exchange

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 […]

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 […]

Will uncertainty surrounding the UK government push the Pound lower? (Joseph Wright)

The Pound to Canadian Dollar rate, despite trading within quite a wide range over the past year is actually flat on an annualised basis, after the Pound has lost quite a lot of value in recent weeks due to mounting pressure on the UK’s Prime Minister. There are apparently dozens of Conservative MP’s that are […]

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 […]

GBPCAD continues to slide!

GBPCAD rates have continues to slip from the very recent highs which saw the levels rise to near 1.70. Having spent much of the last few weeks in the lower 1.60’s and even less than 1.60, the recent spike presented a much improved fresh opportunity for clients looking to buy Canadian dollars with pounds. Overall […]

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 […]

BOC rate hikes demonstrate the health of the Canadian Economy (Daniel Johnson)

Two Interest Rate Hikes in a row from the BOC The Canadian economy  has been going from strength to strength of late, with strong economic data in nearly all areas. Oil is Canada’s primary export and with the OPEC deal restraining over supply this bodes well for Canada. The  Bank of Canada (BOC) has now […]