Tag Archives: Tom Holian

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 […]

Brexit jitters cause problems for the Pound vs the Canadian Dollar (Tom Holian)

There has been very little economic data due out so far this week and the market is clearly being governed by what is happening politically at the moment. Sterling exchange rates are being affected by the Brexit talks and with the fifth round having started yesterday we are still a very long way from any […]

Will the Bank of England increase interest rates and the impact on Canadian Dollars? (Tom Holian)

The Pound has made some very positive gains vs the Canadian Dollar during September as rumours build in the UK that the Bank of England is gearing itself up for an interest rate hike on November 2nd. Interest rates have only been moved down for the last few years in the UK so an interest […]

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 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 […]

Hurricane Irma causes the Canadian Dollar to weaken against the Pound (Tom Holian)

The Pound has made some significant gains vs the Canadian Dollar towards the end of this week. Earlier in the week the Pound fell against the Canadian Dollar after the Canadian central bank announced a surprise interest rate hike which saw the GBPCAD exchange rate hit its lowest level since January. The Canadian Dollar has […]

Will the Pound fall further against the Canadian Dollar? (Tom Holian)

The Pound has continued to struggle against the Canadian Dollar as the UK economy is showing signs of problems. UK Trade Balance came in a lot lower than expected which has caused further losses for the Pound against all major currencies including vs the Canadian Dollar. Brexit negotiations have been going on for weeks but […]