Tag Archives: Brexit

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 […]

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. […]

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 […]

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 […]

Pound to Canadian Dollar rate flat so far this week, will tomorrow bring movement between the pair? (Joseph Wright)

The Pound to Canadian Dollar exchange rate has been trading within thin volumes so far this week, with the pair ranging just half a cent throughout today’s trading session. The Pound is coming under pressure against many other currency pairs which some may consider as a sign of Canadian Dollar weakness. With the Pound losing […]

Pound to Canadian Dollar rate drops as Bank of England governor disappoints the markets (Joseph Wright)

Those of our readers and clients planning on exchanging their Pounds into Canadian Dollars at better exchange rates have been disappointed today, as the Governor of the Bank of England, Mark Carney has disappointed the markets during an early morning speech earlier today. Many had hoped of an interest rate hike, which would most likely […]

Pound to Canadian Dollar rate falls to its lowest level in 2 months, will the GBP/CAD rate continue to fall? (Joseph Wright)

The panic and uncertainty surrounding the UK at the moment is continuing to weigh on the Pounds value, with the Pound to Canadian Dollar exchange rate hitting its lowest level in 2-months since the election outcome. Political uncertainty is one of the biggest downside risks to a currencies value, and since the election outcome was […]

Will this morning’s Inflation data push the Pound to Canadian Dollar lower? (Joseph Wright)

The Pound has lost some of the recent gains its seen against the commodity currencies recently, as the price of oil is recovering while the UK is facing some issues of it’s own. The rate of inflation is the UK has begun to outstrip the rate of wage growth, and with a general election next […]