Tag Archives: Brexit

GBPCAD exchange rates forecast

At present GBPCAD exchange rates are being dictated by events in the UK. The spotlight is certainly shining on UK Prime Minister Theresa May as reports were leaked 5 days ago suggesting 40 Conservative MPs plan to  sign a vote of no confidence in the Prime Minister. For this to materialise there will need to be […]

When to buy Canadian dollars?

Since the second rate hike of the year by the Bank of Canada in September, the central bank have been given a cautious tone. However in recent weeks employment numbers have continued to climb which is helping the outlook for the next 12 months. J.P Morgan this week have urged there clients to buy Canadian […]

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 […]

Further pressure on the Canadian dollar

The Canadian dollar has found itself under pressure over the last 24 hours due to the fall in oil prices. It has been reported that US fuel inventories have risen despite OPEC ordering a cut in production. For new readers, oil is Canada’s largest export and when oil prices fall so does the currencies value. […]

GBP/CAD – Potential Market Movers (Daniel Johnson)

Could Boris Johnson provide some clarity on Brexit? Tomorrow we will see Boris Johnson discuss Brexit. This does have the potential to move markets if he provides any clarity on Brexit. I would however be sceptical about him causing a significant rise in Sterling value. The real issues that need to be addressed seem to […]

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 […]

Theresa May speech – Will GBPCAD keep rising?

GBPCAD has been rising to fresh highs as a much stronger pound and also a weaker Canadian dollar combine to present some excellent fresh opportunities to buy Canadian dollars. The pound is stronger on increased interest rate expectations whilst the Loonie is weaker as a combination of global factors including the stronger US dollar which […]

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 […]

Politics and Brexit hold back the Pound (Daniel Johnson)

CAD moves from strength to strength The Canadian Dollar continues to strengthen against the pound. There has been a recent rate hike by the Bank of Canada (BOC) from 0.5% to 0.75% and there is the possibility of further rate hikes in the not too distant future. The Canadian economy is currently very strong with […]

CAD weakness because of oil prices

The Canadian dollar has lost value against all of the major currencies this week due to the decline in oil prices. Oil has taken a hit following Hurricane Harvey as it is being reported that 20% of oil refineries have been shut down due to the flooding. Regular readers will be aware that oil prices and […]