Tag Archives: EU referendum

Sterling predicted to fall further in 2018, should you exchange your Pounds now? (Joseph Wright)

This morning could be important for Sterling exchange rates as UK trade balance figures for the Pound are due to be released. UK Trade balance figures are important because they will demonstrate the gap between what Britain buys from the rest of the world versus what it sells back. This update comes at a time […]

GBPCAD continues to slide!

GBPCAD rates have continues to slip from the very recent highs which saw the levels rise to near 1.70. Having spent much of the last few weeks in the lower 1.60’s and even less than 1.60, the recent spike presented a much improved fresh opportunity for clients looking to buy Canadian dollars with pounds. Overall […]

Theresa May speech – Will GBPCAD keep rising?

GBPCAD has been rising to fresh highs as a much stronger pound and also a weaker Canadian dollar combine to present some excellent fresh opportunities to buy Canadian dollars. The pound is stronger on increased interest rate expectations whilst the Loonie is weaker as a combination of global factors including the stronger US dollar which […]

Will GBPCAD raise or fall this week?

This week is a very important one for GBPCAD exchange rates as we get some fresh news on the UK economy and also the Canadian economy. With the GBPCAD rate having moved some 5 cents in the last month the big movements will be having a big influence on clients looking to buy or sell […]

How could this weeks election effect the Pound to Canadian Dollar rate? (Joseph Wright)

There are a number of factors affecting the Pound to Canadian Dollar rate this week, with the UK general election this Thursday being the main driver of price movement. The Pound has weakened over the past few weeks after the polls covering this weeks election have shown that the Conservatives lead is narrowing. I think […]

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 […]

Trump could cause volatility on GBP/CAD (Daniel Johnson)

Trump causing trouble promising to increase oil production Trump’s speech following the inauguration was very focused on taking firm control of the domestic economy. Part of the plan for Trump’s “Let’s make America great again!” If his plans come to fruition the Canadian Dollar could lose value. I think Sterling is still chronically undervalued against […]

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 […]

What can we expect for GBPCAD rates in 2017?

The pound is likely to struggle in 2017 but what about the Canadian dollar? The GBPCAD rate has been volatile in 2016 and I expect this to continue in 2017. Two of the main issues on this currency pairing will remain in 2017, that is the Brexit and the price of Oil. These two issues […]

Will GBPCAD rates hit 1.70?

Many Canadian dollar buyers have seen the rates improve quite nicely in the last week with exchange rates now at highs approaching 1.70, the big question for CAD buyers with pounds is will this get hit anytime soon? I would be approaching the market with a cautious approach as we could not rule out a […]