Tag Archives: cad-gbp

CAD/USD and CAD/GBP continues to decline

Its been a slow week for the Canadian dollar vs the US dollar as US stock markets tumbles throughout Monday and early Tuesday morning. Economists are trying to put their finger on why the stock market crashed and many are suggesting the recent jobs data in the US coupled with the incoming new Chair of […]

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 […]

Bank of Canada Interest Rate Decision Tomorrow (Ben Fletcher)

Tomorrow afternoon the latest interest rate decision will be released by the Bank of Canada, the expectation that there will not be a change to the rate. In July at the last meeting the Monetary Policy Committee raised rates by 0.25% from 0.5% to 0.75%. This was well received by investors and the Canadian Dollar […]

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 […]

Volatile Week for Canadian Dollar as Oil Price Crashes (Ben Fletcher)

The cost of a barrel of oil hit a 7 month low this week causing the GBP/CAD rate to finish the week a percent higher than the middle of the week. Sterling has suffered earlier in the week as Bank of England Governor Mark Carney dampened hopes of an interest rate hike in the near […]

What issues could impact the Pound to Canadian Dollar rate? (Joseph Wright)

The Pound has gained almost 10 cents against the Canadian Dollar in just the last 2-weeks, as the Pound continues to rise on the back of the election called by Theresa May, the UK Prime Minister. I expect the election and speculation surrounding it to impact Sterling exchange rates over the next few months, due […]

GBPCAD takes a tumble (Dayle Littlejohn)

This week oil prices have continued to rise and have reached their highest levels since the beginning of February, and a barrall is now above $55. ┬áThe Organisation of Petroleum Exporting Countries (OPEC) managed to get all of the countries to cut oil production in a bid to improve the price of oil and that […]

Economic data releases that will impact GBPCAD exchange rates for the remainder of the week (Dayle Littlejohn)

Clients that have exposure and need to convert pounds into Canadian dollars should expect a volatile end to the week due to economic data releases throughout Fridays trading session. The UK are set to release Industrial and Manufacturing numbers at 9.30am. Monthly numbers are set to show a decline where as yearly numbers could show […]

Fluctuations expected for GBPCAD exchange rates this week (Dayle Littlejohn)

This week Canada and the UK are both set to release a host of economic data releases which have the potential to cause fluctuations that clients will wish to take advantage of. This morning the UK release Mortgage approvals and Consumer credit numbers. Mortgage approvals are set to rise however Consumer confidence is set to […]