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Exchange Rate Forecasts

GBP to CAD Forecasts

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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The Pound dipped against the Canadian Dollar as oil prices fluctuated and optimism about a surge in UK reported sales eased. The main UK news today has been the British Retail Consortium’s (BRC) April reported sales figure. Figures showed a rise of 5.6%, making up for March’s -1% drop and superior to the forecast gain [...]

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The GBP CAD exchange rate is stuck around opening levels today, but at 1.77 that still leaves the pairing around its best valuation since the Brexit referendum. Poor Canadian retail sales figures weakened the Canadian Dollar on Wednesday, after figures showed a -0.6% decline instead of stagnation in February after January’s 2.3% growth. GBP CAD [...]

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GBP/CAD Hits 2017 Highs

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Date: April 25th, 2017.

The Pound to Canadian Dollar exchange rate briefly dipped on Monday due to an increase in risk-sentiment. However, the risk-rally was short lived and the Canadian Dollar was weakened on Tuesday, allowing GBP/CAD to rise to a new 2017 high of 1.73. The Pound has held onto last week’s massive UK election-inspired gains despite recent [...]

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The Pound Canadian Dollar exchange rate was trending at an eight-month high of 1.72 yesterday after Tuesday’s shock announcement that a UK general election will take place on the 8th of June. The Pound Canadian Dollar exchange rate originally hit its eight-month high on Tuesday after Theresa May unexpectedly announced a snap general election for [...]

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As a new week of trading began the Pound registered modest gains against the Canadian Dollar after sliding last week in the face of surging oil prices. Last week the GBP/CAD exchange rate dropped from 1.66 to 1.65. Pound Advances as City of London Official Counters Financial Departure Fears Despite limited UK data, the GBP [...]

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The Pound fluctuated last week as the UK formally started its two-year exit from the EU. Brexit creates a significant degree of uncertainty for the UK economy, with no-one at all sure what the final shape of any new arrangement with the EU will be. With financial institutions such as JP Morgan already making preparations [...]

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GBP CAD Hits Best Levels Since December

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Date: March 28th, 2017.

The Pound to Canadian Dollar exchange rate advanced again on Tuesday after striking its best levels since the close of 2016 on Monday. Risk-sentiment remained low and investors became a little more optimistic about Brexit, allowing GBP/CAD to test 1.68 once again. The pair has gained over a cent already this week on faltering oil [...]

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GBP CAD Close to 2017 Highs

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Date: March 20th, 2017.

After rallying to its best levels since January last week, the GBP/CAD exchange rate is largely holding gains despite the recent confirmation of when Article 50 will be triggered. With crude oil prices fluctuating, the Canadian Dollar has failed to undermine Sterling’s recent advance – but with some influential news on the calendar this week [...]

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