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

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...

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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...

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GBP CAD Exchange Rate Volatile as Britain Faces ‘Decade of Disruption’

29 Dec 2016 at 1 PM - Written by Ben Hughes

The Pound to Canadian Dollar exchange rate fluctuated as the final week of 2016 drew to a close, but due to waning demand for risk-correlated currencies the pair ended the week relatively close to its opening levels. Overall in 2016 GBP/CAD lost around 40 cents in value. It could continue to fall in the New Year if early results from...

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How Does the Fed’s Policy Decision Affect Global Currency Forecasts?

14 Dec 2016 at 5 PM - Written by Frank Davies

The Federal Reserve’s Wednesday policy decision continued to have a strong effect on global foreign exchange markets on Thursday afternoon. Demand for risk-correlated currencies like the Australian Dollar and New Zealand Dollar remained limited, while the US Dollar continued to surge against rivals with a close negative correlation like...

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GBP/CAD Slides after Disappointing UK Labour Data

14 Dec 2016 at 1 PM - Written by Ben Hughes

The Pound to Canadian Dollar exchange rate fluctuated in a wider region on Thursday afternoon, as the day’s Bank of England (BoE) meeting disappointed investors and left the Pound increasingly volatile. The bank’s policymakers indicated that higher inflation in 2017 would not be enough to pressure the bank into tightening monetary...

CATEGORIES: Currency Predictions Daily Currency Updates Pound Canadian Dollar Forecasts

British Pound to Canadian Dollar Forecast for the New Week: Range Bound

11 Dec 2016 at 8 PM - Written by John Cameron

The Pound Canadian Dollar (GBP/CAD) exchange rate weakened to a four-week low this week with the Canadian dollar being boosted by rising oil prices. Pound Canadian Dollar (GBP CAD) Outlook Hinges on Oil Prices The Bank of Canada kept policy unchanged, amid expectations of continued uncertainty in the global economy and a moderate...

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Bullish Oil Price and BOC Optimism Keep Pound Canadian Dollar Exchange Rate on Downtrend

5 Dec 2016 at 5 PM - Written by Ben Hughes

As the mood towards oil remained positive on Monday the Pound to Canadian Dollar struggled to gain any fresh traction, despite positive UK data While risk appetite generally weakened at the start of the week the price of Brent crude remained solid, trending in the region of US$55 per barrel and helped to support the commodity-correlated...

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