Tag Archives: best rates of exchange

Sterling rallys against the Canadian Dollar following inflation data release (Daniel Johnson)

Will Sterling gains be short lived against CAD? Sterling has strengthen against the Canadian dollar following a a rise in UK inflation. GBP/CAD now sits above 1.61.  The reason for the rise for Sterling was Consumer Price Index (CPI) data. CPI is a measure of inflation, if provides a comparison in price changes on goods and […]

Bank of Canada raise interest rates for the second time in a row (Daniel Johnson)

Rate Hike causes significant Canadian Dollar strength The Bank of Canada (BOC) have raised interest rates for the second time running. Rates had already risen from 0.5% to 0.75% at the previous meeting and now in a shock move we have see another rise today 1%. This is a very rate and bold move as […]

Canadian Gross Domestic Product Next Week Could Boost CAD (Ben Fletcher)

The GBP/CAD  rate has been on a steady decline over the last 20 days seeing the the rate dropping from 1.66 to 1.60. The steady decline in my opinion can be attributed to CAD strength as much as Sterling weakness. The Bank of Canada recently raised interest rates from 0.5% to 0.75% and their is […]

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 […]

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 […]

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 […]

Sterling slips as weak inflation data puts a question mark over a Bank of England rate hike (Joseph Wright)

Those hoping the Pound would receive a boost this morning were left disappointed as this weeks key piece of economic data out of the UK failed to meet expectations. The data released this morning at 9.30am showed that the rate of Inflation has surprisingly dropped over the last month, and this has lowered the chances […]

Bank of Canada Boost Canadian Dollar, But Oil Raises Concerns (Ben Fletcher)

The Bank of Canada raising interest rates yesterday helped the GBP/CAD rate fall to a 3 month low. However there are some concerns that may suggest the decision might be premature. The central bank have acted before the inflation level in Canada reaches the targeted 2% and with a interest rate hike there may be […]