Tag Archives: best UK exchange rates

Trump threatens to withdraw form NAFTA

NATFA Talks in Jeopardy The North American Free Trade Agreement (NAFTA) is currently in renegotiation due to Trump’s view that “it is the worst trade deal in history.”  The deal is between Mexico, Canada and the US. There were hopes a deal would be in place before the Mexican election on 1st July, but this […]

Canadian Dollar slips as Trump makes new NAFTA surprise!

The Canadian Dollar has lost value today after a surprise comment from the US’ White House chief economic adviser. Larry Kudlow is chief economic adviser to the White House so he has a close relationship with US President Donald Trump. Today Kudlow confirmed that Trump wishes to negotiate separate bilateral deals with Mexico and Canada. […]

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 […]

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 […]

US interest rate strengthens the Canadian dollar

Overnight the US Federal Reserve as widely expected raised interest rates which provided strength for the Canadian dollar as investors feel that a higher interest rate in the US will help the Canadian economy. The Federal Reserve interest rates is now one of the highest out of the G10 currencies and the press conference after […]

Potential for further falls for CAD? (Daniel Johnson)

Trump threatens to dismantle NAFTA agreement Donald Trump has stated he feels the North American Trade Agreement (NAFTA) is nowhere near as beneficial to the US as it should. Renegotiations began on 16th August and hopes were to have them concluded by the end of the year. It now looks as though talks could continue […]

Will GBPCAD continue to rise?

Fresh concerns over the price of Oil following the latest OPEC (Organisation Petroleum Exporting Countries) concerns. Essentially calls to limit global production to help the price of oil rise have hit stumbling blocks, there is an expectation production caps in place will be extended further into 2018. Expectations are that such developments may ultimately prove […]

CAD rallies against the US dollar

Over the last 48 hours the Canadian dollar has been performing well against the US dollar as oil prices have rallied. Oil is Canada’s largest export and the trend is for the Canadian dollar to perform well when oil prices are on the way up. The price of US crude oil has reached $58 a […]

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 […]