Tag Archives: Tom Holian

NAFTA Deal and the impact on Sterling vs Canadian Dollar exchange rates (Tom Holian)

The North Atlantic Free Trade Agreement has been a hot topic over the last few months and the uncertainty surrounding the issue has caused the Canadian Dollar to weaken recently. US President Donald Trump has stated in the deal ‘Canada has treated us very, very unfairly when it comes to lumber and timber.’ However, Trade […]

Pound hits best rate to buy Canadian Dollar since May 2017 (Tom Holian)

The Pound has hit the best rate to buy Canadian Dollars since last May with the Canadian Dollar weakening in part due to the uncertainty surrounding NATFA. The US Dollar has also weakened to its lowest level against the Pound since the Brexit vote back in June 2016 and this has also caused the Canadian […]

US Shutdown and Canadian Interest Rates – Impact on GBPCAD exchange rates (Tom Holian)

Despite the Bank of Canada having increased interest rates earlier this week the Canadian Dollar has actually weakened against the Pound during the last few days. Indeed, GBPCAD exchange rates are now at their best trading level since the end of November. The CAD$ has weakened owing to the uncertainty surrounding both NAFTA as well […]

Important Canadian Data due out this afternoon to impact GBPCAD exchange rates (Tom Holian)

The Pound has dropped below 1.70 to buy Canadian Dollars after a poor start to the year for the Pound. Sterling exchange rates across the board have been under pressure and this has been particularly evident against the Canadian Dollar which has strengthened over the last few weeks owing to the rise in oil prices. […]

Quiet end to the year for the Pound vs the Canadian Dollar? (Tom Holian)

The Pound vs the Canadian Dollar has remained in a very tight range during the course of the week as the festive season draws ever closer. With few economic data releases coming in the short term I think we could see GBPCAD exchange rates remain in a very tight range until the end of the […]

The impact of a US interest rate hike on the Canadian Dollar (Tom Holian)

In just a few hours time the US Federal Reserve are likely to be increasing interest rates for the third and final time this year. This will be Janet Yellen’s final monetary policy conference before she leaves in February and it would be a major surprise if no rate hike occurs. The Bank of Canada […]

Could the Pound hit 1.70 vs the Canadian Dollar? (Tom Holian)

Sterling vs the Canadian Dollar is now trading close to its best level to buy Canadian Dollars since early November following the release of today’s Autumn Statement by Chancellor Philip Hammond. The Pound has been making progress towards 1.70 but has not yet been able to make a sustained berate of this level highlighting the […]

Could the Pound make further gains vs the Canadian Dollar? (Tom Holian)

Sterling vs the Canadian Dollar has had a strong period towards the end of the week with UK economic data all coming out a lot better than expected which has helped to see the Pound make gains vs the Canadian Dollar. We began Friday morning with stronger than expected UK Industrial & Manufacturing data which […]

Impact on GBCAD rates – Canadian Interest Rate decision and UK GDP figures (Tom Holian)

The Pound has made some small gains vs the Canadian Dollar during the last few days as there have been a few signs that the Brexit talks may be a little more positive than previously thought. Prime Minister Theresa May was in Brussels towards the end of the week and rumours are that the Europeans […]

Oil price rise helps the Canadian Dollar vs the Pound (Tom Holian)

The Canadian Dollar increased against Sterling during the course of yesterday’s trading session following a rise in the value of Brent Crude oil prices which hit USD$58 per barrel. The Canadian Dollar increased against the Pound by over a cent which provided a good opportunity for anyone with a requirement to buy Pounds with Canadian […]