Tag Archives: Buying Canadian Dollars

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 […]

Sterling slips as weak inflation data puts a question mark over a Bank of England rate hike (Joseph Wright)

Those hoping the Pound would receive a boost this morning were left disappointed as this weeks key piece of economic data out of the UK failed to meet expectations. The data released this morning at 9.30am showed that the rate of Inflation has surprisingly dropped over the last month, and this has lowered the chances […]

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 […]

How could this weeks election effect the Pound to Canadian Dollar rate? (Joseph Wright)

There are a number of factors affecting the Pound to Canadian Dollar rate this week, with the UK general election this Thursday being the main driver of price movement. The Pound has weakened over the past few weeks after the polls covering this weeks election have shown that the Conservatives lead is narrowing. I think […]

Canadian Dollar Gains on Strong GDP (James Lovick)

The Canadian dollar has seen mixed signals of late much of which stems from the fluctuating price of oil. Despite a fall in oil prices earlier this week the Canadian dollar has been supported after strong Gross Domestic Product figures showed solid growth at 3.7%. Strong growth going forward could see the Bank of Canada […]

Could the Canadian Dollar fight back vs the Pound? (Tom Holian)

The latest interest rate decision for Canada will be announced later today but there is little expectation of a change from the current level of 0.5%. Policy makers in Canada have been highlighting a number of issues over the last few months and we have seen the Canadian Dollar weaken heavily during this time vs […]

Is the Pound to Canadian Dollar bull run coming to an end? (Joseph Wright)

The Pound to Canadian Dollar exchange rate has dipped from its highs last week, as the pair are currently trading in the 1.75/1.76’s after breaching the 1.78 mark last week for the first time in around 11 months. Those planning on exchanging Pounds for Canadian Dollars are still in a good position when we consider […]

GBP CAD Rockets on Snap UK Election Decision (James Lovick)

The pound has rallied to a 7 month high against the Canadian dollar this week creating an excellent opportunity for those clients needing to buy Canadian dollars. The trigger for the improvement in the numbers has been as result of the announcement of a snap general election in the UK for 8th June. The markets […]

What can we expect next for GBPCAD exchange rates?

Overall the market is expecting the pound to enter a more volatile phase as we get further news on just what to expect from the Brexit plans and negotiations. The market has been pricing in sterling weakness and as such the triggering of Article 50 was at the end of a bit of a non-event. […]