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

Pound to Canadian Dollar 2024 Outlook: 1.65 in Two Months say CIBC

25 Oct 2023 at 12 PM - Written by David Woodsmith

STORY LINK Pound to Canadian Dollar 2024 Outlook: 1.65 in Two Months say CIBC

GBP/CAD Exchange Rate Rally Stalls Ahead of Bank of Canada Policy Decision An easing of geo-political tensions and rebound in risk appetite during Monday helped boost the Pound in global markets and the Canadian dollar lost ground. The Pound to Canadian dollar (GBP/CAD) exchange rate strengthened to 5-week highs close to 1.6800 in...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound Canadian Dollar Exchange Rate News: GBP/CAD Fluctuated ahead of BoC Interest Rate Decision

7 Jun 2023 at 12 PM - Written by John Cameron

STORY LINK Pound Canadian Dollar Exchange Rate News: GBP/CAD Fluctuated ahead of BoC Interest Rate Decision

Canadian Dollar (CAD) Quiet Ahead of BoC Rate Decision Meanwhile, the Canadian Dollar (CAD) is fairly muted as Cad investors move to the sidelines ahead of the latest interest rate decision from the Bank of Canada (BoC). With the markets pricing in another unchanged policy rate. Expectations that the central bank will keep the rate at...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound Canadian Dollar Exchange Rate News: GBP/CAD Wavered amid Elevated BoE Rate Hike Bets

31 May 2023 at 12 PM - Written by John Cameron

STORY LINK Pound Canadian Dollar Exchange Rate News: GBP/CAD Wavered amid Elevated BoE Rate Hike Bets

Pound (GBP) Underpinned by Rate Hike Expectations The Pound (GBP) found modest strength against many of its peers on Wednesday despite a lack of major economic data. Elevated interest rate hike expectations could have kept Sterling supported amid the prospect of several more rate hikes in the coming months. With last week’s surprise...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound Canadian Dollar (GBP/CAD) Exchange Rate Firms as Investors Anticipate BoE Decision

30 Jan 2023 at 10 AM - Written by John Cameron

STORY LINK Pound Canadian Dollar (GBP/CAD) Exchange Rate Firms as Investors Anticipate BoE Decision

Pound Canadian Dollar (GBP/CAD) Exchange Rate Strengths as Investors Anticipate BoE Decision The Pound Canadian Dollar (GBP/CAD) exchange rate strengthened on Monday morning, as rate hike bets from GBP investors underpinned Sterling. At the time of writing, GBP/CAD traded at around CA$1.6537, an increase of roughly 0.2% from...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound Canadian Dollar Exchange Rate News: GBP/CAD Wavered amid Oil Price Rally

9 Jan 2023 at 3 PM - Written by John Cameron

STORY LINK Pound Canadian Dollar Exchange Rate News: GBP/CAD Wavered amid Oil Price Rally

Canadian Dollar (CAD) Supported by Surging Oil Prices The Canadian Dollar (CAD) enjoyed moderate success to open the week with a spike in oil prices. The commodity-linked ‘Loonie’ saw a boost in demand as China rolled back their strict Covid measures, bolstering demand for oil. A 3% jump from the opening levels, WTI crude traded around...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound Canadian Dollar Exchange Rate News: GBP/CAD Soured as UK Food Inflation Hits Record Highs

4 Jan 2023 at 2 PM - Written by John Cameron

STORY LINK Pound Canadian Dollar Exchange Rate News: GBP/CAD Soured as UK Food Inflation Hits Record Highs

Pound (GBP) Pressured by Living Cost Squeeze Intensifies The Pound (GBP) languished on Wednesday as food inflation hits a fresh record high and consumer borrowing increased. The British Retail Consortium (BRC) reported food inflation soaring to a new record level of 13.3% in December. Following on from a 12.4% increase in November,...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound Canadian Dollar Exchange Rate News: GBP/CAD Muted amid On-Going Strike Action

16 Dec 2022 at 10 AM - Written by John Cameron

STORY LINK Pound Canadian Dollar Exchange Rate News: GBP/CAD Muted amid On-Going Strike Action

GBP/CAD Exchange Rate Under Pressure as UK Strike Action Persists The Pound to Canadian Dollar (GBP/CAD) exchange rate traded narrowly on Friday amid concerns over the economic disruption being caused by the ongoing industrial action in the UK. At time of writing the GBP/CAD exchange rate traded at around CA$1.6604, which was...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound Canadian Dollar (GBP/CAD) Exchange Rate Rises as CAD Weighed Down by Weak USD

2 Dec 2022 at 11 AM - Written by John Cameron

STORY LINK Pound Canadian Dollar (GBP/CAD) Exchange Rate Rises as CAD Weighed Down by Weak USD

Pound Canadian Dollar (GBP/CAD) Exchange Rate Ticks Up as Weakening US Dollar Dents ‘Loonie’ The Pound Canadian Dollar (GBP/CAD) exchange rate trended slightly higher on Friday, as the Canadian Dollar was dragged down by a weakening US Dollar. At the time of writing, GBP/CAD traded at around CA$1.6502, an increase of roughly 0.2%...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound Canadian Dollar Exchange Rate News: GBP/CAD Buoyed as UK Retail Sales Figures Beat Forecasts

18 Nov 2022 at 11 AM - Written by John Cameron

STORY LINK Pound Canadian Dollar Exchange Rate News: GBP/CAD Buoyed as UK Retail Sales Figures Beat Forecasts

GBP/CAD Exchange Rate Strengthens amid Upbeat UK Data The Pound to Canadian Dollar (GBP/CAD) exchange rate was being supported by better-than-expected UK retail sales figures on Friday. At time of writing the GBP/CAD exchange rate traded at around CA$1.5895, up roughly 0.5% from Friday’s opening levels. Pound (GBP) Strengthens as...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound Canadian Dollar Exchange Rate Soars as Sunak Looks Likely to become PM

24 Oct 2022 at 11 AM - Written by John Cameron

STORY LINK Pound Canadian Dollar Exchange Rate Soars as Sunak Looks Likely to become PM

Pound Canadian Dollar Soars as Markets React to UK Race for Prime Minister The Pound (GBP) strengthened dramatically against the Canadian Dollar (CAD) on Monday, as markets reacted to the UK’s race for Prime Minister. This saw the GBP/CAD exchange rate trade at around CA$1.5540, a sharp increase of around 0.8% from Monday’s...

CATEGORIES: Pound Canadian Dollar Forecasts

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