Tag Archives: Canadian Dollar

Hurricane Irma causes the Canadian Dollar to weaken against the Pound (Tom Holian)

The Pound has made some significant gains vs the Canadian Dollar towards the end of this week. Earlier in the week the Pound fell against the Canadian Dollar after the Canadian central bank announced a surprise interest rate hike which saw the GBPCAD exchange rate hit its lowest level since January. The Canadian Dollar has […]

Canadian Dollar Strength on Expectation of Rate Increase

The Canadian dollar is strengthening at present after a recent wave of Canadian economic data has impressed the markets. The Canadian economy appears to be performing very well and there is a strong chance that there may be an interest rate increase at the next meeting. The markets are beginning to price in the prospect […]

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 […]

Pound hits 4 month low against the Canadian Dollar (Tom Holian)

The rate to buy Canadian Dollars with Pounds has hit its lowest level since early March as it continues to strengthen owing to the recent interest rate hike in Canada. The Bank of Canada raised the interest rate from 0.5% to 0.75% and with oil prices going in an upwards direction as the Canadian economy […]

Could the Pound improve against the Canadian Dollar? (Tom Holian)

We have seen very little movement for Pound vs the Canadian Dollar over the last month and we have also seen little movement for Sterling exchange rates against all major currencies. Since the Tories agreed a deal with the DUP the foreign exchange markets have remained very range bound and it appears as though the […]

Pound to Canadian Dollar rate flat so far this week, will tomorrow bring movement between the pair? (Joseph Wright)

The Pound to Canadian Dollar exchange rate has been trading within thin volumes so far this week, with the pair ranging just half a cent throughout today’s trading session. The Pound is coming under pressure against many other currency pairs which some may consider as a sign of Canadian Dollar weakness. With the Pound losing […]

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 […]

UK General Election and the impact on the Canadian Dollar (Tom Holian)

The Pound vs the Canadian Dollar has continued to remain relatively strong recently despite the looming general election. In two days time we are likely to know who the next government will be as the country goes to the polls tomorrow. At the moment it looks as though the Conservatives will be the likely winners […]

Pound falls against the Canadian Dollar owing to election uncertainty (Tom Holian)

Pound exchange rates vs the Canadian Dollar fell on Friday after an opinion poll released showed that the lead of the Tories vs Labour is falling. Having previously been at a much bigger margin the gap is now just at 5%. This has caused a big surprise to global investors and this has led to […]

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 […]