Tag Archives: best UK exchange rates

Busy day expected for the Pound to Canadian Dollar rate tomorrow, what data should we look out for? (Joseph Wright)

The Canadian Dollar has gained almost 5 cents against the Pound over the past week after the Bank of Canada unexpectedly opted to raise interest rates yesterday and late last week it emerged the economy is growing at a much higher pace than expected. This comes at a time the Pound is under pressure after […]

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 […]

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. […]

Canadian Gross Domestic Product Tomorrow (Ben Fletcher)

The Canadian Dollar of late has been one of the strongest currencies, especially due to interest hike in the last few weeks. The GBP/CAD has remained in the low 1.60’s for a week now and the question is will this continue? In my opinion there isn’t to much chance with the status quo that the […]

Will GBPCAD raise or fall this week?

This week is a very important one for GBPCAD exchange rates as we get some fresh news on the UK economy and also the Canadian economy. With the GBPCAD rate having moved some 5 cents in the last month the big movements will be having a big influence on clients looking to buy or sell […]

GBP/CAD 3 Month Forecast (Ben Fletcher)

Now that the Reserve Bank of Canada have increased interest rates, it’s difficult to judge where the rate may move head next. If the Bank of Canada is to follow any of the other central banks then one interest rate hike will resolve in more. Whilst it may not be imminent that we see further […]

Pound to Canadian Dollar rate hits a 3-month low after BoE member fails to mention rate hike, where to next for GBP/CAD?

Investors and clients hoping to change Pound into Canadian Dollars at higher rates have been left disappointed today. In this flat market many within the financial services has been awaiting the comments from Bank of England governor Ben Broadbent this lunchtime, as many had hoped that he would make a reference to his his option […]

Huge day tomorrow for the Loonie at 3 pm! Will the Bank of Canada raise interest rates?

There is huge expectation for the Bank of Canada (BoC) and Governor, Stephen Poloz, to raise Canadian interest rates tomorrw. The currency has risen to the best rates since April against the pound as the prospect of a hike triggers a flood of investment into the Canadian economy. With their main trading partner the United States […]

Where next for GBPCAD exchange rates?

The pound to Canadian dollar exchange rate is looking slightly better for Canadian dollar buyers as the pound finds its way slightly back into favour edging back to the 1.68 level which is a great improvement compared to the 1.66 on offer earlier this week. If you have a transfer to make selling the pound […]

Pound to Canadian Dollar remains at week lows as we await key services data this morning (Joseph Wright)

Sterling exchange rates have been trading within very thin trading ranges since the snap election last month, and as we await the Services Data PMI this morning the Pound has dipped to it’s lowest level in the past week against most major currency pairs including the Canadian Dollar. This morning Services Data will be released […]