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

GBP CAD Exchange Rate Surges Higher after BoE Splite 5-3 on Interest Rates

15 Jun 2017 at 2 PM - Written by John Cameron

Weaker-than-expected UK retail sales figures put fresh pressure on the Pound Canadian Dollar exchange rate on Thursday morning. While forecasts had pointed towards a contraction in spending the figure still surprised to the downside, with sales falling -1.6% on the month in May. Coupled with Tuesday’s unexpected uptick in inflationary...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP CAD Exchange Rate Plunges as Post-Election Panic Sets In

12 Jun 2017 at 4 PM - Written by Toni Johnson

This week has opened with heavy losses for the Pound, with the GBP CAD exchange rate dropping to 1.7017, the worst result in nearly two months. In the post-election malaise, Pound traders have struggled to find positive news to latch onto. The dominant sentiment at the start of the week has been concern, due to there still not being a...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts

GBP CAD Exchange Rate Surges as Oil Prices Collapse

8 Jun 2017 at 1 PM - Written by John Cameron

The Pound Canadian Dollar (GBP CAD) exchange rate rocketed up nearly two cents yesterday, reaching a two week high following a rout in oil prices. Crude benchmarks nosedived on Wednesday, falling by up to 5% to a new monthly low following an unexpected rise in US stockpiles, dragging on the Loonie due to the Canadian economy’s reliance...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP CAD Exchange Rate Volatile as Markets Speculate on UK Election Outcome

31 May 2017 at 1 PM - Written by John Cameron

Speculation over the outcome of next week’s general election has provoked volatility for the Pound Canadian Dollar exchange rate. Although a YouGov forecast suggested that a hung parliament could emerge from the election put severe downside pressure on the Pound this downtrend did not last for long. After an opinion poll conducted by...

CATEGORIES: Canadian Dollar Forecasts Daily Currency Updates

Narrowing Tory Election Lead Extends Pound Canadian Dollar Exchange Rate Downtrend

26 May 2017 at 3 PM - Written by John Cameron

Although there was some initial disappointment that the OPEC-led production limiting deal was only extended by nine months this failed to offer any particular support to the Pound Canadian Dollar exchange rate. While oil prices weakened in the immediate wake of the news it was not long before demand for the commodity picked back up,...

CATEGORIES: Canadian Dollar Forecasts

GBP CAD Exchange Rate Trends Lower after Widened Trade Deficit and Muted BoE Meeting

12 May 2017 at 1 PM - Written by Toni Johnson

Confidence in the Pound was sharply dented by a raft of disappointing UK data, leaving the Pound Canadian Dollar exchange rate on a downtrend. Investors were not impressed to find that the UK visible trade deficit had widened further than forecast in March, clocking in at -13.44 billion rather than -11.6 billion. This highlighted the...

CATEGORIES: Canadian Dollar Forecasts Currency Predictions

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