Tag Archives: save money

Which will be stronger the pound or the Canadian dollar?

The Canadian dollar has been strengthening in recent weeks as it becomes more and more likely the Bank of Canada will raise interest rates. Expectations for the pound to rise against the Canadian dollar looked limited until this week when Inflation surprisingly jumped and the pound made some significant gains on the Loonie rising to […]

CAD weakness because of oil prices

The Canadian dollar has lost value against all of the major currencies this week due to the decline in oil prices. Oil has taken a hit following Hurricane Harvey as it is being reported that 20% of oil refineries have been shut down due to the flooding.¬†Regular readers will be aware that oil prices and […]

Will Brexit concerns continue to drive GBP/CAD downward? (Joseph Wright)

The Pound to Canadian Dollar exchange rate has continued its downward trend during today’s trading session, and I think it will be interesting to see whether 1.60 manages to act as a support level or not moving forward. The lowest level the pair have hit today is 1.6014 so the key level is getting closer. […]

Pound to Canadian Dollar rate getting closer to post-Brexit vote lows (Joseph Wright)

When compared with the Canadian Dollar, the Pound isn’t in as bad a position as it is when compared with the Euros for example. Since the Brexit vote last June the lowest the GBP/CAD rate has dropped is around 1.5850, and at the moment the Pound to Canadian Dollar rate is trading around 5-6 cents […]

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 […]

Pound to Canadian Dollar rate hits a 3-month low after BoE member fails to mention rate hike, where to next for GBP/CAD?

Investors and clients hoping to change Pound into Canadian Dollars at higher rates have been left disappointed today. In this flat market many within the financial services has been awaiting the comments from Bank of England governor Ben Broadbent this lunchtime, as many had hoped that he would make a reference to his his option […]

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 […]

Pound to Canadian Dollar remains at week lows as we await key services data this morning (Joseph Wright)

Sterling exchange rates have been trading within very thin trading ranges since the snap election last month, and as we await the Services Data PMI this morning the Pound has dipped to it’s lowest level in the past week against most major currency pairs including the Canadian Dollar. This morning Services Data will be released […]

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.’ […]

Will the Pound fall further against the Canadian Dollar? (Tom Holian)

The Pound vs the Canadian Dollar has experienced some positive gains today after Bank of England member Andy Haldane suggested that he was considering voting for an interest rate hike this month which would have taken the vote to 4-4. He also suggested that the Brexit risk is not gone but that UK growth remains […]