Tag Archives: Sterling exchange rates

Busy day expected for the Pound to Canadian Dollar rate tomorrow, what data should we look out for? (Joseph Wright)

The Canadian Dollar has gained almost 5 cents against the Pound over the past week after the Bank of Canada unexpectedly opted to raise interest rates yesterday and late last week it emerged the economy is growing at a much higher pace than expected. This comes at a time the Pound is under pressure after […]

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 […]

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 […]

Pound to Canadian Dollar rate flat so far this week, will tomorrow bring movement between the pair? (Joseph Wright)

The Pound to Canadian Dollar exchange rate has been trading within thin volumes so far this week, with the pair ranging just half a cent throughout today’s trading session. The Pound is coming under pressure against many other currency pairs which some may consider as a sign of Canadian Dollar weakness. With the Pound losing […]

Pound to Canadian Dollar rate drops as Bank of England governor disappoints the markets (Joseph Wright)

Those of our readers and clients planning on exchanging their Pounds into Canadian Dollars at better exchange rates have been disappointed today, as the Governor of the Bank of England, Mark Carney has disappointed the markets during an early morning speech earlier today. Many had hoped of an interest rate hike, which would most likely […]

Will this morning’s Inflation data push the Pound to Canadian Dollar lower? (Joseph Wright)

The Pound has lost some of the recent gains its seen against the commodity currencies recently, as the price of oil is recovering while the UK is facing some issues of it’s own. The rate of inflation is the UK has begun to outstrip the rate of wage growth, and with a general election next […]

Pound to Canadian Dollar rate rises sharply, will the Pound continue to climb? (Joseph Wright)

Sterling exchange rates are continuing to climb as the year progresses, with last week being one of its strongest weeks against the commodity based currencies. Not only has the Pound been climbing due to a combination of impressive economic data coupled with the outcome from next months general election already looking like a forgone conclusion, […]

Will the pound rise or fall against the Canadian Dollar?

The Canadian dollar has been a little weaker against the pound which itself has been stronger. GBPCAD is looking a much more attractive for Canadian dollar buyers in the weeks as some of the uncertainty over the Brexit fades for now. Another benefit for Canadian dollars buyers with pounds is that the US dollar is […]

Will the Pound to continue to climb against the Canadian Dollar? (Joseph Wright)

The Pound has climbed against all major currency pairs today, easing fears that the pound would see another sharp sell-off in the wake of the official triggering of Article 50. Great Britain now has until March the 29th in 2017 in order to arrange to necessary trade agreements to maintain its position on the global […]

What can we expect next for GBPCAD exchange rates?

Overall the market is expecting the pound to enter a more volatile phase as we get further news on just what to expect from the Brexit plans and negotiations. The market has been pricing in sterling weakness and as such the triggering of Article 50 was at the end of a bit of a non-event. […]