Tag Archives: gbp-cad

Canadian Dollar Strength!

The Canadian dollar continues to maintain the higher ground against most of the major currencies as recent developments drive the Canadian dollar higher. After the surprise interest rate hike from the Bank of Canada this month the dollar has received yet another boost. The Canadian economy has certainly proved itself to be particularly strong which […]

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 […]

GBP CAD Exchange Rates Break 1.63

The Canadian dollar is seeing heightened volatility this week as the impact of Hurricane Harvey is also seen on the Canadian dollar as well as US dollar. The price of oil has fallen after Hurricane Harvey hit the state of Texas and a number of oil refineries have been forced to close. Considering this was […]

Canadian Dollar Gains on Positive Canadian Outlook

The Canadian dollar continues to be supported on positive economic data with rates for CAD GBP sitting close to an eight month high. A recent rally in the price of oil as a result of a production cut by the Organisation of Petroleum Exporting Countries (OPEC) combined with stronger inflation numbers are all helping drive […]

GBP CAD Rates Ahead Of Brexit Announcements

GBP CAD exchange rates could be in for a volatile ride with British politics and Brexit developments causing a storm. Position papers from the British government are expected later today and there are already murmurs of a transitional agreement with the EU which could potentially be seen as positive for the pound. It is worth […]

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 […]

GBP CAD Ahead of Bank of England Meeting (James Lovick)

The Canadian dollar has remained relatively supported in recent week after the decision was made by the Bank of Canada to raise interest rates. Tomorrow could see new developments for GBP CAD after the Bank of England meeting and quarterly inflation report. The combination of these release and announcements tomorrow has been dubbed Super Thursday […]

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 […]

Sterling slips as weak inflation data puts a question mark over a Bank of England rate hike (Joseph Wright)

Those hoping the Pound would receive a boost this morning were left disappointed as this weeks key piece of economic data out of the UK failed to meet expectations. The data released this morning at 9.30am showed that the rate of Inflation has surprisingly dropped over the last month, and this has lowered the chances […]

Huge day tomorrow for the Loonie at 3 pm! Will the Bank of Canada raise interest rates?

There is huge expectation for the Bank of Canada (BoC) and Governor,¬†Stephen Poloz, to raise Canadian interest rates tomorrw. The currency has risen to the best rates since April against the pound as the prospect of a hike triggers a flood of investment into the Canadian economy. With their main trading partner the United States […]