Tag Archives: Sterling forecast

Why has the Canadian Dollar lost value today, and where to next for CAD exchange rates? (Joseph Wright)

The Loonie has lost value during today’s trading session, falling against the US Dollar even if only slightly. At present the CAD to USD exchange rate is trading around its lowest point so far this year, and at the time of writing there doesn’t appear to be much support at 0.77 cents. There is a […]

Stronger Canadian Dollar as oil price strengthens, will the strong run for oil help CAD recover recent losses?

The Loonie (Canadian Dollar) has begun the week in strong fashion after gaining on the US Dollar during today’s trading session. After a few very strong weeks for the Greenback (US Dollar) it’s currently heading for its 4th successive day of losses, with some believing that the bull run for the US Dollar is running […]

Canada weakens to a 1-month low vs the US Dollar, where to next for CAD exchange rates? (Joseph Wright)

The Canadian Dollar has been continuing to come under pressure recently, and when we compare the currency with the usual benchmark of the US Dollar, it’s hit a 1-month low during today’s trading session. The US dollar has been strengthening for reasons of its own but at the same time the Loonie (Canadian Dollar) has […]

Canadian Dollar strengthen as oil edges higher, where to next for CAD exchange rates?

The Canadian Dollar has strengthened throughout today’s trading session against most major currency pairs. The reasons for its gains can be put down to positive economic data along with strengthening commodity prices, which is important for the Canadian economy. Oil is one of the major exports for Canada, so seeing the price of oil increase […]

Why did the Canadian Dollar fall when interest rates were hiked? (Joseph Wright)

Yesterday the Bank of Canada chose to raise interest rates for the third time in the last year. The interest rate now sits at 1.25% and those that decide on making the decision to change interest rates have stated that this decision can be put down to increasing inflation levels, and an a strong Canadian […]

Canadian Dollar drops in line with oil weakness, will GBP/CAD continue to climb? (Joseph Wright)

The Pound to Canadian Dollar rate breached the 1.70 mark once again this morning, after previously hitting that level back on the first day on this month. Mid-market levels of 1.70 are the highest since June of last year, meaning that those converting their Pounds into Canadian Dollars are able to do so at some […]

Will uncertainty surrounding the UK government push the Pound lower? (Joseph Wright)

The Pound to Canadian Dollar rate, despite trading within quite a wide range over the past year is actually flat on an annualised basis, after the Pound has lost quite a lot of value in recent weeks due to mounting pressure on the UK’s Prime Minister. There are apparently dozens of Conservative MP’s that are […]

Sterling boosted on talk of a potential 2-year transition period, will GBP/CAD continue to climb? (Joseph Wright)

The Pound traded in quite a volatile fashion yesterday after a number of mixed messages were sent by key Brexit personnel. The end of the 5th round of Brexit negotiations lead the UK’s Brexit Secretary, David Davis to offer his views on how negotiations are going so far, and he was fairly upbeat. This was […]

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 […]

Theresa May speech – Will GBPCAD keep rising?

GBPCAD has been rising to fresh highs as a much stronger pound and also a weaker Canadian dollar combine to present some excellent fresh opportunities to buy Canadian dollars. The pound is stronger on increased interest rate expectations whilst the Loonie is weaker as a combination of global factors including the stronger US dollar which […]