Tag Archives: currency transfer

NAFTA Deal and the impact on Sterling vs Canadian Dollar exchange rates (Tom Holian)

The North Atlantic Free Trade Agreement has been a hot topic over the last few months and the uncertainty surrounding the issue has caused the Canadian Dollar to weaken recently. US President Donald Trump has stated in the deal ‘Canada has treated us very, very unfairly when it comes to lumber and timber.’ However, Trade […]

CAD Forecast – Sterling Under Pressure as Brexit Talks Intensify (Matthew Vassallo)

The CAD has found some support against Sterling this week, with the Pound coming under pressure again a host of the major currencies. The CAD had been struggling since the turn of the year, despite positing some positive economic figures. Much of the issues lay with concerns over the North American Free Trade Agreement (NAFTA), […]

Canadain dollar value set to fall

The Canadian dollar has lost ground today off the back of oil prices taking a tumble. Oil is Canada’s largest export and there is a direct correlation between oil and the price of the Canadian dollar. However its not oil prices that I would be concerned about if needed to convert Canadian dollars into a […]

Pound hits best rate to buy Canadian Dollar since May 2017 (Tom Holian)

The Pound has hit the best rate to buy Canadian Dollars since last May with the Canadian Dollar weakening in part due to the uncertainty surrounding NATFA. The US Dollar has also weakened to its lowest level against the Pound since the Brexit vote back in June 2016 and this has also caused the Canadian […]

CAD Forecast – NAFTA Talks Likely to Drive GBP/CAD Value (Matthew Vassallo)

GBP/CAD rates have levelled out following a positive move for Sterling earlier this week. The pair is now trading just above 1.75, with Sterling making inroads again the majority of the major currencies during the early part of the trading week. This positive move came despite the Canadian economy remaining strong in the eyes of […]

Will the Pound continue to climb vs the Canadian Dollar, and what factors could impact it? (Joseph Wright)

The Pound has been climbing against all major currency pairs recently, after sentiment has improved surrounding the UK economy quite dramatically in recent weeks. It seemed to get a shot in arm a few weeks back when both Spain and the Netherlands announced that they want post-Brexit conditions to remain conducive to business continuing as […]

GBPCAD close to reaching 12 month high!

In recent weeks the GBPCAD exchange rates have continued to climb proving opportunity for Canadian dollar buyers, however I expect exchange rates could get better in the weeks to come. NAFTA negotiations began on Tuesday in Montreal and the initial reaction is that the negotiations have actually started well which is a surprise. However the […]

CAD Forecast – Why is the CAD Struggling Despite Wednesday’s Interest Rate Hike? (Matthew Vassallo)

The CAD has found life tough going of late, struggling to make any significant impact against Sterling since the turn of the year. GBP/CAD rates move back above 1.73 overnight and although the CAD found some support around this level, the current trend is somewhat baffling considering the relative health of the UK & Canadian […]

Why did the Canadian Dollar fall when interest rates were hiked? (Joseph Wright)

Yesterday the Bank of Canada chose to raise interest rates for the third time in the last year. The interest rate now sits at 1.25% and those that decide on making the decision to change interest rates have stated that this decision can be put down to increasing inflation levels, and an a strong Canadian […]

Important Canadian Data due out this afternoon to impact GBPCAD exchange rates (Tom Holian)

The Pound has dropped below 1.70 to buy Canadian Dollars after a poor start to the year for the Pound. Sterling exchange rates across the board have been under pressure and this has been particularly evident against the Canadian Dollar which has strengthened over the last few weeks owing to the rise in oil prices. […]