Tag Archives: Theresa May

Will the Pound strengthen against the Canadian Dollar next week? (Tom Holian)

The Pound has hit its best level to buy Canadian Dollars since the start of August after the Bank of England announced that they may be looking at increasing interest rates sooner than the market currently expects. The previous expectation was that the next interest rate hike may come in 2019 but Thursday’s announcement has […]

How Has Tory/DUP Deal Affected GBP/CAD Exchange Rates? (Matthew Vassallo)

Yesterday we had confirmation that Theresa May’s lead Tory party had finally come to an agreement with the controversial Northern Irish DUP party, to form a working UK government. Whilst details about the arrangement were vague, it was confirmed that Northern Ireland will receive an additional 1 billion in funding, news which has caused unrest […]

BoE Interest Rate Decision Boosts Sterling (Matthew Vassallo)

Sterling received a welcome boost yesterday, following the latest Bank of England (BoE) interest rate decision. Despite our central bank keeping rates on hold at 0.25%, the members voted 5-3 against a rate hike. This was an unexpected improvement from last month’s 8-1 vote and Sterling instantly gained value as a result. With the current […]

How could this weeks election effect the Pound to Canadian Dollar rate? (Joseph Wright)

There are a number of factors affecting the Pound to Canadian Dollar rate this week, with the UK general election this Thursday being the main driver of price movement. The Pound has weakened over the past few weeks after the polls covering this weeks election have shown that the Conservatives lead is narrowing. I think […]

Are GBP/CAD Rates Heading for 1.80? (Matthew Vassallo)

Sterling’s recent gains against the CAD have softened of late, with the Pound falling by over two cents in the past week. With the pair now trading around 1.7650 a move through 1.80 is now unlikely in the short-term, with pressure building on the UK economy. Brexit negotiation concerns and a poor run of economic […]

Brexit Negotiations Could Halt Sterling’s Rise (Matthew Vassallo)

Sterling has made gains against the CAD over the past few weeks, with the pair now trading above 1.77. The Pound has enjoyed a positive run off the back of a run of solid economic data and global concerns around falling oil process. The price of crude oil has fallen to a five-month low, which […]

GBP/CAD Rates Fall – A Historic Day for the UK Beckons (Matthew Vassallo)

GBP/CAD rates have fallen over the past 24 hours, with the pair now trading below 1.66 again. This move came following a positive run for Sterling, which had made a move towards 1.68 before retracting. The markets focus has been on the UK Brexit for some time and today, finally, the UK will officially trigger […]

Sterling Strength Softens – Where Next for GBP/CAD Exchange Rates? (Matthew Vassallo)

Sterling’s early year run against the CAD has softened of late, with the Pound finding resistance around 1.65. The CAD has found support over the past week, with the pair now trading around 1.63. Much of the current market sentiment is being driven by the UK’s on-going Brexit saga and with further developments over the […]

Markets Poised for Theresa May’s Brexit Speech! (Matthew Vassallo)

GBP/CAD rates are now trading under 1.59, with the Pound finding little market support over recent weeks. Sterling has slipped alarmingly in line with the on-going uncertainty surrounding the UK’s Brexit and with UK Prime Minister Theresa May scheduled to outline further plans in her speech today, we could see further pressure heaped on the […]

GBP/CAD Rates Fall Following Theresa May’s Comments (Matthew Vassallo)

GBP/CAD rates have taken a sharp downturn over the past week, with Sterling losing over four cents in the market. This negative trend was intensified over the weekend following comments made by UK Prime Minister Theresa May regarding the UK’s upcoming exit from the EU. She stated the UK would look towards a “hard Brexit”, […]