Tag Archives: CAD forecast

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. […]

Will the pound rise or fall against the CAD in the coming weeks?

The pound is looking like it will only struggle further against the Canadian dollar as we get closer to the reality of the Brexit. Brexit uncertainties are probably not a surprise to many reading this blog, you might even be bored of hearing about them but if you are concerned with the pound and the […]

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 […]

GBPCAD update

Since the start of May GBPCAD exchange rates have dropped 12 cents. To put this into monetary value a ¬£200,000 transfer into Canadian dollars achieves you 24,000 dollars less than 3 three months ago. In recent weeks the pound has lost value against the Canadian dollar due to UK inflation numbers falling last month. Inflation […]

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 […]

Canadian Dollar continue to rise with increased business confidence (Joshua Privett)

The Canadian Dollar has strengthened heavily recently, reach 1 year highs against a floundering US Dollar and over a 4 month high against the Pound. The trend also seems set to continue, so Canadian Dollar buyers may be wise to look at getting their skates on. The view is that the Canadian economy is gathering […]

Sterling to Canadian Dollar exchange rates soften once more (Joshua Privett)

For anyone interested in the Canadian Dollar and holding Sterling, the battle to be the first to raise interest rates is on, with Sterling to Canadian Dollar rates softening as we head into the next Canadian interest rate decision in a couple of days. On July 12th the Bank of Canada will release their latest¬†decision […]

Canadian Dollar forecast (Joshua Privett)

The Canadian Dollar has been rising against its currency counterparts recently following some impressively positive comments from the Bank of Canada. In some off the cuff comments with a German newspaper, Governor Stephen Poloz stated that he is much more forward looking when considering future monetary policy for Canada. This speaks a lot to markets […]

Buying Canadian Dollar rates still softening ahead of Governor Poloz’s speech (Joshua Privett)

Due to the sheer volume of information and events hitting the wire at the end of this week in the UK – the Queen’s speech vote, Parliamentary debates on the new manifesto – buying Canadian Dollar rates have been largely absent much influence from Canada itself. This should all change today with a speech from […]

Pound to Canadian Dollar rates and the Queen’s speech (Joshua Privett)

Buying Canadian Dollar rates of exchange using the Pound have taken a hammering as of late due to positive news emerging from Canada, contrasting the prolonged and uncertain atmosphere in the UK. But after a week and a half of delays in announcing the new Government and its plans, this may be about to change. […]