Home Currency News GBP to CAD

Exchange Rate Forecasts

GBP to CAD Forecasts

GBP CAD Close to 2017 Highs

Posted by:
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 [...]

Read more



The defeat of amendments to the Article 50 bill in the Houses of Parliament yesterday gives Theresa May carte blanche in the Brexit negotiations and the prospect has seen GBP CAD slump. The Pound Canadian Dollar exchange rate has fallen -0.7% to trade around 1.63 today. Last week saw the Pound declining after Wednesday’s Spring [...]

Read more



GBP/CAD Down on UK Growth Concerns

Posted by:
Date: March 7th, 2017.

The Pound to Canadian Dollar exchange rate has so far spent the week slumping as the latest UK data indicates that the nation’s retail sector is slowing. Brexit concerns also contributed to the GBP/CAD dip from 1.64 to 1.63 despite mixed oil news limiting demand for the risky Canadian Dollar. A run of below-forecast UK [...]

Read more



GBP CAD Down before BOC Rate Decision

Posted by:
Date: February 27th, 2017.

The Pound eased slightly lower against the Canadian Dollar as a new week of trading got underway. Sterling has softened against most of the majors on concerns about Article 50 and speculation that Scotland could call for a second independence referendum in the near future. Last week the interbank GBP CAD exchange rate was able [...]

Read more



The Pound to Canadian Dollar exchange rate was able to hold its ground on Tuesday after recovering most of last week’s losses at the beginning of the week. Solid UK data and mixed oil forecasts allowed GBP/CAD to hold above the week’s opening levels of 1.62 and trade at around 1.63. Sterling advanced on Monday [...]

Read more



The Pound to Canadian Dollar exchange rate gave up its Monday gains and plunged to a new weekly low on Tuesday as Britain’s latest Consumer Price Index (CPI) report disappointed Sterling traders. The interbank GBP/CAD exchange rate had trended at around 1.63 since the weekend but fell to 1.62 on Tuesday. The Pound performed strongly [...]

Read more



Disappointing forecasts from the Bank of England weakened the Pound Canadian Dollar exchange rate last week. Last Tuesday saw the Canadian Dollar performing bullishly after the latest GDP figures bettered estimates. Expected to weaken from 1.5% to 1.4%, November GDP instead rose to 1.6% on the year. Month-on-month growth clocked in at 0.4% – ten [...]

Read more



GBP has got off to a fairly poor start to the week, with the currency generally softening due to continuing uncertainty about the future of the post-Brexit UK. The Canadian Dollar’s small advance against the Pound comes in spite of fluctuating crude oil costs and a recent expansion in the national budget deficit. Last week [...]

Read more



Optimism surrounding the UK’s trade relationship with the EU after Brexit pushed GBP CAD away from a three-and-a-half year low to 1.65 last week. The Pound made strong gains last week, rebounding from a sharp drop-off on the news Britain would leave the single market as part of Brexit. The news, revealed ahead of Tuesday’s [...]

Read more



The Pound dropped to its lowest rate against the Canadian Dollar since mid-2013 at the start of this week, owing to an extreme level of investor concern about an upcoming speech from Prime Minister Theresa May. For Canadian Dollar investors, the main point of focus has been whether the incoming US President will be a [...]

Read more



© TorFX. Unauthorised copying or re-wording of this blog content is prohibited. The copyright of this content is owned by Tor Currency Exchange Ltd. Any unauthorised copying or re-wording will constitute an infringement of copyright.