Tag Archives: best Sterling exchange rates

Canada weakens to a 1-month low vs the US Dollar, where to next for CAD exchange rates? (Joseph Wright)

The Canadian Dollar has been continuing to come under pressure recently, and when we compare the currency with the usual benchmark of the US Dollar, it’s hit a 1-month low during today’s trading session. The US dollar has been strengthening for reasons of its own but at the same time the Loonie (Canadian Dollar) has […]

Where next for GBPCAD exchange rates?

Throughout yesterday afternoon the Canadian dollar received a well needed boost off the back of reduced trade war tensions. The Wall street stock market rallied following reports that the US and China are prepared to sit down and discuss trade and potentially renegotiate certain tariffs which benefit both parties. Central banks tend to hold of […]

GBPCAD rises due to transitional period

So far this week the pound has gone from strength to strength against the Canadian dollar as the UK and EU came to an agreement in regards to the transitional period. Since the start of trading on Monday GBPCAD has risen The key points from the transition was that the transition itself will last 21 […]

Will the Canadain dollar continue to fall?

In recent months the Candadian dollar has been under severe pressure due to the ongoing NAFTA negotiations and in recent weeks the fall in global stock markets. A fall in global stock markets has meant that the price of oil has also fallen which has put pressure on the Canadian dollar as oil is Canada’s […]

Will the Pound continue to climb vs the Canadian Dollar, and what factors could impact it? (Joseph Wright)

The Pound has been climbing against all major currency pairs recently, after sentiment has improved surrounding the UK economy quite dramatically in recent weeks. It seemed to get a shot in arm a few weeks back when both Spain and the Netherlands announced that they want post-Brexit conditions to remain conducive to business continuing as […]

Canadian Dollar suffers despite rate hike (Daniel Johnson)

NAFTA is a cause for concern for CAD The Bank of Canada (BOC) decided raise rates last week after positive economic data, particularly unemployment, which plunged to the lowest levels in forty years. Common belief would be to assume a rate hike means a stronger currency, this is not always the case. The market moves […]

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 […]