Tag Archives: GBPCAD exchange rates

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 […]

Volatile day on GBPCAD exchange rates!

Yesterday saw some big swings on the GBPCAD exchange rate reminding us how important it is to be prepared on the currency markets of any unexpected twists and turns. Just as the pound was having a very bad day and GBPCAD to 1.6780 the Bank of England Governor Mark Carney dropped some hints that he […]

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.’ […]

Buying Canadian Dollar rates still softening ahead of Governor Poloz’s speech (Joshua Privett)

Due to the sheer volume of information and events hitting the wire at the end of this week in the UK – the Queen’s speech vote, Parliamentary debates on the new manifesto – buying Canadian Dollar rates have been largely absent much influence from Canada itself. This should all change today with a speech from […]

Could economic data provide the Pound with some support vs the Canadian Dollar? (Tom Holian)

The Pound has made some small gains against the Canadian Dollar owing to UK inflation data which came out higher than expected at 2.9% for this year. The UK inflation rate is now running at a 4 year high and although the price of fuel has been falling the main reason for the rise was […]

Pound to Canadian Dollar rate falls to its lowest level in 2 months, will the GBP/CAD rate continue to fall? (Joseph Wright)

The panic and uncertainty surrounding the UK at the moment is continuing to weigh on the Pounds value, with the Pound to Canadian Dollar exchange rate hitting its lowest level in 2-months since the election outcome. Political uncertainty is one of the biggest downside risks to a currencies value, and since the election outcome was […]

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 […]

Sterling continues to slide vs the Canadian Dollar after YouGov poll (Tom Holian)

The Pound vs the Canadian Dollar has continued to fall over the last few days fueled by speculation that the voting is getting much closer between the Conservatives and the Labour party. The latest poll which was published late last night showed that the Tories may fail to win with an outright majority when the […]

Will the Pound gain this month vs the Canadian Dollar? (Tom Holian)

The Pound has had a good run vs the Canadian Dollar in the last 2 months as the Canadian economy has started to show signs of problems recently. The issues between Canada and the US in terms of trade and tariffs have caused problems for the Canadian economy and as the amount of trade between […]

Could the Pound improve against the Canadian Dollar before the end of the month? (Tom Holian)

The Pound has started to fall recently against the Canadian Dollar but this morning the Pound has already shown signs of fighting back after better than expected UK unemployment figures published this morning showing the lowest level in 42 years. The good news has helped the Pound recover its recent losses against all major currencies […]