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A round up of the latest Canadian Dollar forecast news items from the Currency News desk.

GBP CAD Exchange Rate Forecast to Come Under Pressure from UK and Canadian GDP

27 Apr 2017 at 12 PM - Written by John Cameron

The Pound Canadian Dollar exchange rate has seen significant volatility so far this week as political developments in the US fuelled some sharp market movements. Demand for the ‘Loonie’ plunged in response to news that the US would be imposing tariffs on softwood lumber, with markets speculating that a similar move against dairy...

CATEGORIES: Canadian Dollar Forecasts

Record Low UK Deficit Triggers GBP CAD Advance

25 Apr 2017 at 10 AM - Written by Ben Hughes

Sterling’s rise against the Canadian Dollar today has partly come from UK borrowing data, which has shown the annual deficit fall to the lowest since the 2007-08 financial crisis. Monthly data has been less positive, with March’s deficit hitting -5.1bn instead of the forecast -3bn. Canadian economic anxiety has also aided the GBP...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Firms after UK Inflation Meets Expectations

11 Apr 2017 at 11 AM - Written by John Cameron

The British Pound to Canadian Dollar exchange rate dropped on Wednesday afternoon and trended closer to the week’s opening levels again despite low demand for risk-correlated currencies. The Bank of Canada (BOC) held its April monetary policy meeting on Wednesday afternoon and some analysts read its acknowledgement of Canada’s economic...

CATEGORIES: Canadian Dollar Forecasts

Weekly Currency Forecast: GBP CAD Rate in for Losses if UK Services PMI Slides

3 Apr 2017 at 4 PM - Written by James Fuller

The British Pound to Canadian Dollar exchange rate edged higher on Tuesday morning and neared its best weekly levels despite low demand for the Pound. While prices of oil, Canada’s most lucrative commodity, rose on Tuesday due to speculation of lightening US oil inventories, the Canadian Dollar failed to capitalise due to a risk-averse...

CATEGORIES: Daily Currency Updates Pound Canadian Dollar Forecasts

GBP CAD Exchange Rate Spikes as BoE’s Forbes Pushes for Rate Hike

16 Mar 2017 at 2 PM - Written by Frank Davies

The British Pound to Canadian Dollar exchange rate continued to trend near the week’s best levels on Friday afternoon and looked to end the week over half a cent above its opening levels. Oil prices have been in flux throughout the week, making it difficult for the Canadian Dollar to benefit. This week’s Bank of England (BoE) news has...

CATEGORIES: Currency Predictions Daily Currency Updates Pound Canadian Dollar Forecasts

House of Lords Set to Debate Brexit Bill, GBP CAD Exchange Rate Rallies

20 Feb 2017 at 2 PM - Written by Ben Hughes

The GBP CAD exchange rate has rallied by around a cent from its starting levels today as investors are optimistic about the possibility of the House of Lords making amendments to the government's Article 50 legislation. Pound Canadian Dollar (GBP CAD) Climbs as Peers Debate Brexit Bill The Pound Canadian Dollar (GBP CAD) exchange rate...

CATEGORIES: Currency Predictions Daily Currency Updates Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Advances as Fresh Oil Concerns Emerge

9 Feb 2017 at 12 PM - Written by Ben Hughes

The British Pound to Canadian Dollar exchange rate plunged on Friday afternoon. While the day’s UK data was impressive, the day’s strong Canadian employment report came as a real surprise to traders. Not only did Canada avoid losing -5k jobs in January, it made 48.3k new jobs. The participation rate increased from 65.8% to 65.9% and...

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GBP CAD Exchange Rate Stabilises as UK Retail Sales Plummet

20 Jan 2017 at 2 PM - Written by James Fuller

The GBP CAD exchange rate stabilised this morning following its recent rally as disappointing UK sales figures ended the Pound’s advance. Pound Canadian Dollar (GBP CAD) Gains Muted by Drop in Retail Sales The Pound Canadian Dollar (GBP CAD) exchange rate struggled to extend its gains this morning as the Office for National...

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Pound Canadian Dollar Exchange Rate Advances on Risk-Off Trading

13 Jan 2017 at 11 AM - Written by Ben Hughes

Risk appetite generally declined ahead of the weekend thanks to an unexpectedly sharp contraction in Chinese exports, which prompted the Pound Canadian Dollar (GBP CAD) exchange rate to trend higher. Less Dovish BoE Comments Boosted Pound Sterling Confidence in the Pound (GBP) picked up in the wake of comments from Bank of England...

CATEGORIES: Currency Predictions Pound Canadian Dollar Forecasts

Pound Canadian Dollar (GBP/CAD) Exchange Rate Remains Under Pressure from Bullish Oil Outlook

4 Jan 2017 at 4 PM - Written by Toni Johnson

The Pound to Canadian Dollar exchange rate failed to recover from its worst levels since October 2016 on Thursday afternoon, as the ‘Loonie’ continued to be boosted by the latest oil news. Prices of brent crude oil gained almost 1% throughout the day to reach US$56.95 per barrel, and with OPEC’s oil output cap plans taking effect...

CATEGORIES: Currency Predictions Daily Currency Updates Pound Canadian Dollar Forecasts