Tag Archives: Brexit vote

GBPCAD drops even further! Will we break 1.60?

Overnight the CAD dollar has strengthened against the pound as investors concerns over the likelihood of further US interest rate rises increase. The expectation of further hikes in 2017 is fading and this has seen the US dollar lose ground across the board. One beneficiary of this has been the Canadian dollar which has strengthened […]

Pound slides after latest Bank of England comments, will the GBP to CAD rate continue to drop this year? (Joseph Wright)

The Bank of England yesterday opted to keep interest rates on hold, and whilst this was expected it was the less bullish voting patterns and dovish comments from the BoE’s governor that caused the Pound to fall further. Due to the increasing inflation pressures after the Pound’s drop in value since the Brexit vote, there […]

Pound to Canadian Dollar rate rises sharply, will the Pound continue to climb? (Joseph Wright)

Sterling exchange rates are continuing to climb as the year progresses, with last week being one of its strongest weeks against the commodity based currencies. Not only has the Pound been climbing due to a combination of impressive economic data coupled with the outcome from next months general election already looking like a forgone conclusion, […]

Bank of England interest rate decision gives Sterling a boost vs the Canadian Dollar (Tom Holian)

Sterling vs the Canadian Dollar has seen a big upwards surge following the news from yesterday afternoon that one of the 9 members of the Monetary Policy Committee has voted for an interest rate hike. This is the first time since summer last year when the Bank of England have had any disagreement and this […]

Sterling slips from it’s recent highs as oil strength continues to boost the Canadian Dollar (Joseph Wright)

After posting a positive start to the week the Pound is once again on the decline against the Canadian Dollar. The GBP/CAD pair did hit an almost 2 month high of 1.70 within the past week, but a combination of oil prices rebounding to their strongest levels since October and some better than expected retail […]

Absence of Brexit plan causes Sterling vs Canadian Dollar exchange rates to fall (Tom Holian)

Sterling vs the Canadian Dollar has today fallen from its 6 week high this morning as Sterling is currently falling against all major currencies this morning. According to a leaked memo the government has no overall Brexit plan and a plan may not be formulated for up to 6 months. There are clearly divisions within […]

Bank of England governor stays which helps GBPCAD rates (Tom Holian)

Sterling Canadian Dollar exchange rates have stabilized overnight as Bank of England governor Mark Carney has announced that he’ll be staying on for an extra year until 2019. The extension means he will be here for the duration of negotiations concerning Article 50 and he will be there as governor as the UK navigates its […]

Sterling drops to its lowest level since the ‘Flash Crash’, will the drop continue? (Joseph Wright)

Sterling exchange rates have experienced another turbulent afternoon of trading after comments from two prominent UK figureheads have weighed on the Pounds value once again. After quietly recovering some of its recent losses the Pound dropped in value within a matter of moments, wiping away those gains after the governor of the Bank of England […]

Sterling under pressure against the Canadian Dollar in the run up to UK GDP figures (Tom Holian)

Sterling vs the Canadian Dollar has struggled in recent weeks caused by the announcement made by UK Prime Minister Theresa May that Article 50 will be triggered in March 2017. This means we have another few months of uncertainty ahead prior to the official negotiations starting between the UK and the European Union. Since the […]

Rate to buy Canadian Dollars with Sterling hits 3 year low (Tom Holian)

Sterling vs the Canadian Dollar has hit its lowest level in 3 years as the fallout from both Brexit and Article 50 continues to have a negative effect on the value of Sterling. Yesterday Bank of England deputy governor suggested that the Pound’s big fall since June has been a ‘shock absorber’ for the British […]