Tag Archives: best Sterling 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 […]

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 […]

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 […]

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 […]

Will GBPCAD reach 1.70?

The pound has risen to fantastic fresh highs against the Canadian dollar which is an excellent opportunity for any clients looking to buy Canadian dollars with pounds. If you are looking to make any kind of currency transfer in the future buying Canadian dollars these levels may not last for too long and making the […]

GBP to CAD rate trading around its best levels in almost 3 months, will the recovery continue? (Joseph Wright)

The Pound appears to be recovering from its 2017 lows that it hit in August as the GBP/CAD pair are now trading firmly in the 1.60’s. Brexit uncertainties seem to have been shelved for now by the financial markets as Sterling is also recovering against many major currency pairs with the Pound to Euro rate […]

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 […]