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GBP to CAD Forecasts

Poor UK inflation data for June has caused the GBP CAD exchange rate to slump to 1.6436 today. The Pound Canadian Dollar exchange rate was down -0.8% in the region of 1.6436 at the time of writing, following poor UK data. Core consumer price growth has slowed year-on-year from 2.6% to 2.4% and non-core inflation [...]

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UK data proved distinctly disappointing over the course of the last week, with the latest raft of PMIs, trade and production figures all falling short of forecast. This rather undermined speculation that the Bank of England (BoE) could be on track to begin tightening monetary policy in the near future. Given that Governor Mark Carney [...]

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The Pound to Canadian Dollar exchange rate tumbled on Monday on rising bets that the Bank of Canada (BOC) plans to increase interest rates in the near future. Sterling also struggled to hold its ground due to disappointing June PMIs. GBP/CAD has slumped from the week’s opening level of 1.6887 to hit lows of 1.6790. [...]

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Comments from Bank of England (BoE) Governor Mark Carney prompted the GBP CAD exchange rate to slump sharply last week, with the policymaker reiterating his neutral view on interest rates. However, fresh signs of an increasing split within the Monetary Policy Committee (MPC) soon followed as chief economist Andy Haldane took a more hawkish view. [...]

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The Pound has dropped sharply against the Canadian Dollar today, following a pessimistic statement from Bank of England (BoE) Governor Mark Carney. In the lull before Parliament is officially opened, the Pound has fallen sharply against the Canadian Dollar. The downward lurch has been caused by Carney, who was speaking at a Mansion House event. [...]

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Markets were largely caught off guard by the outcome of the UK snap general election, which yielded a hung parliament rather than the increased Conservative majority that Theresa May had intended. Sterling slumped sharply once the opinion polls indicated that the Tories were set to lose their majority, leaving GBP exchange rates to shed further [...]

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The GBP CAD exchange rate is slipping lower today as election jitters weigh on Sterling, but at 1.7389 the pairing is still over one-and-a-half cents above the lows seen at the beginning of last week. The Pound managed to climb sharply on Wednesday, arriving at the level around which it would hold for the remainder [...]

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Confidence in the Canadian Dollar strengthened markedly in the wake of the Bank of Canada’s (BOC) May policy meeting. Although interest rates remained unchanged, the tone of policymakers proved to be a little more hawkish than anticipated. With the BOC showing signs of shifting away from its previous neutral policy bias the appeal of the [...]

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The Pound to Canadian Dollar exchange rate has fallen to its worst levels since late April today following a string of negative UK announcements. Among the factors lowering Pound demand have been a recent Conservative policy U-turn and the Manchester terror attack. In the former case, Theresa May seemingly lost face when she announced that [...]

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Over a choppy week the GBP CAD exchange rate slowly edged lower, starting on Monday around 1.77 but ending the week at 1.76. GBP CAD started the week trending flatly, with the Pound unsettled by the results of the French election. Emmanuel Macron, the incoming President, had previously described Brexit as a ‘crime’, suggesting he [...]

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