Tag Archives: GBPCAD exchange rates

What can we expect from GBPCAD in the next week?

The pound has had a volatile few weeks against the Canadian dollar with rates ranging between 1.66 and 1.70 as investors take stock of the upcoming US interest rate hike and also developments in the UK political situation. Current market predictions centre on a stronger pound as Brexit negotiations gain some momentum and the worst […]

Could the Pound hit 1.70 vs the Canadian Dollar? (Tom Holian)

Sterling vs the Canadian Dollar is now trading close to its best level to buy Canadian Dollars since early November following the release of today’s Autumn Statement by Chancellor Philip Hammond. The Pound has been making progress towards 1.70 but has not yet been able to make a sustained berate of this level highlighting the […]

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 hits 1.70!

The pound to Canadian dollar rate has risen to 1.70 as investors gently stepped back from a slightly less hawkish BoC (Bank of Canada) yesterday. With no further hike as expected and a less strong commentary around the pursuit of further hikes the Loonie slipped in afternoon trading. This process had already been given a […]

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 […]

Pound to Canadian Dollar rate holds firm above 1.65, what data could impact the pair this week? (Joseph Wright)

The Pound has had quite a positive day during today’s trading session, after some better than expected economic data was released this morning. After a disappointing day yesterday when it was revealed that the construction sector shrunk for the first time in a year, the mood changed this morning as the services sector data came […]

Will GBPCAD reach 1.70?

The pound has risen to fantastic fresh highs against the Canadian dollar which is an excellent opportunity for any clients looking to buy Canadian dollars with pounds. If you are looking to make any kind of currency transfer in the future buying Canadian dollars these levels may not last for too long and making the […]

GBP to CAD rate trading around its best levels in almost 3 months, will the recovery continue? (Joseph Wright)

The Pound appears to be recovering from its 2017 lows that it hit in August as the GBP/CAD pair are now trading firmly in the 1.60’s. Brexit uncertainties seem to have been shelved for now by the financial markets as Sterling is also recovering against many major currency pairs with the Pound to Euro rate […]

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 […]