Canadian Dollar forecast page 5 - cad canadian dollar cad dollar

GBP/CAD Drops amid Rising Omicron Cases The Pound to Canadian Dollar (GBP/CAD) exchange rate has fallen marginally as the number of Omicron cases increase throughout the UK, whilst CAD rallies slightly as oil prices rose overnight. At the time of writing, the GBP/CAD exchange rate is trading at approximately €1.6742 with minimal...

Canadian Dollar (CAD) Tumbles as Oil Price Collapse The commodity-linked Canadian Dollar is stumbling against the Pound this morning as fears over the latest Coronavirus strain, Omicron, is causing oil prices to decline. On Friday, oil prices plummeted which later restabilised on Monday. Today, however, Brent Crude has lost almost 3%...

Pound (GBP) Faces Headwinds due to On-Going Northern Ireland Negotiations The Pound to Canadian Dollar (GBP/CAD) exchange rate is fluctuating today as GBP remains under pressure from the Northern Ireland negotiations. Anne-Marie Trevelyan, the international trade secretary, hinted that the UK Government is easing their approach...

Pound Canadian Dollar (GBP/CAD) Exchange Rate Lacks Direction on Mixed UK PMIs The Pound Canadian Dollar exchange rate is subdued so far this week as UK manufacturing and services PMIs bettered forecasts, but indicated record-high input costs, and oil prices soften again after a brief bounce yesterday. After edging higher yesterday...

GBP/CAD Lacks Direction as UK and Canadian Retail Sales Provide Optimism The Pound Canadian Dollar exchange rate is trading in a narrow range on Friday after making gains through the latter part of the week. Improved UK retail sales failed to bolster GB exchange rates, while Canadian retail figures supported the Canadian...

Pound Canadian Dollar Exchange Rate Boosted by Unstable Oil The Pound Canadian Dollar (GBP/CAD) exchange rate rose overnight as fluctuating oil prices caused weakness in the Canadian Dollar. The GBP/CAD exchange rate has continued to rise throughout the session and is currently at around $1.6863. Canadian Dollar (CAD) Stumbles amid...

GBP/CAD Exchange Rate Plunges on Sterling Weakness The Pound Canadian Dollar (GBP/CAD) exchange rate has fallen steeply today as a lack of data exposes the Pound (GBP) to headwinds and CAD benefits from oil prices and a hawkish signals from the Bank of Canada. At the time of writing, GBP/CAD is trading at C$1.6809, down 0.3% from...

Pound Canadian Dollar Exchange Rate Falls as BoE keeps Rates Unchanged The Pound Canadian Dollar (GBP/CAD) exchange rate has dropped throughout the day’s session, as confidence in Sterling continues to nosedive following the Bank of England’s (BoE) decision to keep interest rates unchanged. As of time of writing the rate is at...

GBP/CAD Exchange Rate Falls as BoE Surprises Market The GBP/CAD exchange rate nosedived today following the Bank of England’s (BoE) announcement that they would leave interest rates and asset purchasing at record low. The rate continued to fluctuate throughout Governor Andrew Bailey’s speech before stabilising. As of time of...

GBP/CAD Wavers on Brexit, BoE and CAD Strength The Pound Canadian Dollar (GBP/CAD) has wavered today as Brexit concerns are offset by rate hike expectations ahead of the Bank of England’s (BoE) meeting on Thursday. In addition, the Canadian Dollar (CAD) is supported by an ongoing recovery in crude prices and a better-than-expected...