Tag Archives: currency transfer

Will the Pound strengthen against the Canadian Dollar next week? (Tom Holian)

The Pound has hit its best level to buy Canadian Dollars since the start of August after the Bank of England announced that they may be looking at increasing interest rates sooner than the market currently expects. The previous expectation was that the next interest rate hike may come in 2019 but Thursday’s announcement has […]

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 […]

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 […]

Will the Pound fall further against the Canadian Dollar? (Tom Holian)

The Pound has continued to struggle against the Canadian Dollar as the UK economy is showing signs of problems. UK Trade Balance came in a lot lower than expected which has caused further losses for the Pound against all major currencies including vs the Canadian Dollar. Brexit negotiations have been going on for weeks but […]

Pound to Canadian Dollar rate getting closer to post-Brexit vote lows (Joseph Wright)

When compared with the Canadian Dollar, the Pound isn’t in as bad a position as it is when compared with the Euros for example. Since the Brexit vote last June the lowest the GBP/CAD rate has dropped is around 1.5850, and at the moment the Pound to Canadian Dollar rate is trading around 5-6 cents […]

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 […]

Bank of Canada Boost Canadian Dollar, But Oil Raises Concerns (Ben Fletcher)

The Bank of Canada raising interest rates yesterday helped the GBP/CAD rate fall to a 3 month low. However there are some concerns that may suggest the decision might be premature. The central bank have acted before the inflation level in Canada reaches the targeted 2% and with a interest rate hike there may be […]

CAD Makes Gains Against Sterling Following BoC Governor’s Comments (Matthew Vassallo)

The CAD has found support against Sterling during Tuesday’s trading, hitting a high of 1.6681. Despite the Pound recovering to 1.67 by close of European trading it has struggled to maintain its recent upturn, losing over two cents over the past few trading days. Whilst the UK economy continues to struggle against a wave of […]

Mark Carney helps the Pound make gains vs the Canadian Dollar (Tom Holian)

Bank of England governor Mark Carney has hinted this afternoon that the central bank may be looking at interest rates a lot closer this year than they have been recently. The Pound has made gains vs the Canadian Dollar following the announcement whereby Carney said ‘some removal of monetary stimulus is likely to become necessary.’ […]

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 […]