Tag Archives: cad/gbp

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 […]

Where next for GBPCAD exchange rates?

The pound to Canadian dollar exchange rate is looking slightly better for Canadian dollar buyers as the pound finds its way slightly back into favour edging back to the 1.68 level which is a great improvement compared to the 1.66 on offer earlier this week. If you have a transfer to make selling the pound […]

Volatile day on GBPCAD exchange rates!

Yesterday saw some big swings on the GBPCAD exchange rate reminding us how important it is to be prepared on the currency markets of any unexpected twists and turns. Just as the pound was having a very bad day and GBPCAD to 1.6780 the Bank of England Governor Mark Carney dropped some hints that he […]

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 […]

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 rates improve to 1.73, will it last?

The pound to Canadian dollar has really risen in the last week as we learn of the UK’s General Election being called which is expected to fuel a sterling surge as Theresa May and the Conservative party strengthen their hand. The Canadian dollar is also a little weaker as the US dollar softens and 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. […]

Pound gains on the Canadian Dollar as hopes of the Brexit starting this week increase (Joseph Wright)

Sterling gained across the board of major currency pairs today as investors ramped up hopes that Article 50 will be triggered this week. Some believe the triggering of Article 50, and therefore the formal beginning of the Brexit process, could take place as early as tomorrow if the Brexit will is passed through parliament. Whilst […]

Sterling fails to hold on to its recent gains, where to next for the GBP/CAD pair? (Joseph Wright)

After rising earlier in today’s trading session the Pound has seen a sell-off this afternoon, and with quite a busy week planned this week in terms of economic data releases, I think the Pound could be in for further falls later this week. The reason for the Pound’s gains last week can be put down […]

Sterling continues to decline as markets await Brexit decision, will the Pound continue to lose value? (Joseph Wright)

The Pound continues to come under pressure against the Canadian Dollar as foreign exchange markets continue to digest the much talked about interview of UK PM, Theresa May over the past weekend. The markets have concluded that May’s comments alluded to a preference for a Hard Brexit, whereby the government will focus more on the […]