Tag Archives: Sterling strength

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 […]

Pound continues to make gains vs the Canadian Dollar owing to interest rate rumours (Tom Holian)

The Pound has continued to make gains vs the Canadian Dollar during the course of this month as UK economic data has showed some fairly positive signs recently. The main catalyst for Sterling strength has come from the suggestions that the Bank of England are gearing up to start raising interest rates in the near […]

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 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 […]

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 […]

What can we expect next for GBPCAD rates?

The pound to Canadian dollar rate has been much more attractive for Canadian dollar buyers as investors concerns over the price of Oil and also the worrying outlook for trade relationships with the USA. Not only have there been some worrying trends on the relationship with the US but concerns over the price of Oil […]

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, […]

Pound gains a cent against the Canadian Dollar on Brexit hopes, will the trend continue? (Joseph Wright)

The Pound has gained by almost a cent against the Canadian Dollar during today’s trading session, as financial markets are hopeful that the House of Lord’s will be able to make amendments to the governments Brexit plans (via Article 50). Investors are hoping that there will be concessions made to the current bill which which […]

Canadian Dollar upside capped for the moment (Joseph Wright)

The Pound is on the rebound against the Canadian Dollar, which is quite a surprise when we consider that within the past few weeks it hit a new low of 1.55, during the flash crash just a couple weeks ago now. The feeling towards the Pound, and the UK economy in general has turned for […]