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

Pound Canadian Dollar Exchange Rate Drops after BoE Rates Decision

5 Nov 2021 at 4 PM - Written by John Cameron

STORY LINK Pound Canadian Dollar Exchange Rate Drops after BoE Rates Decision

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...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound Canadian Dollar Exchange Rate Plunges after BoE Decision

4 Nov 2021 at 4 PM - Written by John Cameron

STORY LINK Pound Canadian Dollar Exchange Rate Plunges after BoE Decision

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...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP/CAD News: Pound Canadian Dollar Exchange Rate Wavers on Brexit and BoE Rate Hike Bets

1 Nov 2021 at 3 PM - Written by John Cameron

STORY LINK GBP/CAD News: Pound Canadian Dollar Exchange Rate Wavers on Brexit and BoE Rate Hike Bets

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...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts

Pound Canadian Dollar (GBP/CAD) Exchange Rate Firms as Oil Prices Falter

19 Oct 2021 at 5 PM - Written by John Cameron

STORY LINK Pound Canadian Dollar (GBP/CAD) Exchange Rate Firms as Oil Prices Falter

GBP/CAD Exchange Rate Climbs on Oil Price Downturn The Pound Canadian Dollar (GBP/CAD) exchange rate rose today as the Canadian Dollar (CAD) fell on depreciating oil prices. Conversely, the Pound (GBP) found support on Bank of England (BoE) rate hike expectations alongside an expectation of foreign investment. At the time of...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts Pound Sterling Forecasts

Pound Canadian Dollar Firm on Positive UK Data

13 Oct 2021 at 1 PM - Written by John Cameron

STORY LINK Pound Canadian Dollar Firm on Positive UK Data

GBP/CAD Steady on UK GDP Increase The Pound Canadian Dollar exchange rate is edging slightly higher today, recovering some of yesterday’s losses overnight. Sterling is making gains on UK GDP and industrial production data, with GBP/CAD trading at 1.6956 at the time of writing. Pound (GBP) Firms on UK Data UK GDP growth and...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts

GBP/CAD Forecast: Pound Lacks Support amid Energy Concerns

7 Oct 2021 at 3 PM - Written by John Cameron

STORY LINK GBP/CAD Forecast: Pound Lacks Support amid Energy Concerns

GBP/CAD Exchange Rate Limited amid Energy Concerns The Pound Canadian Dollar (GBP/CAD) exchange rate is struggling to break higher today amid concerns over the threat of an energy crisis in the UK and CAD receiving support due to a more upbeat market mood. Despite crude prices slipping, the Canadian Dollar is managing to hold this...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts

Pound Canadian Dollar Exchange Rate Steady as UK Fuel Shortage Eases

5 Oct 2021 at 5 PM - Written by John Cameron

STORY LINK Pound Canadian Dollar Exchange Rate Steady as UK Fuel Shortage Eases

GBP/CAD Edges Higher as Rising Oil Price Boost Canadian Dollar The Pound Canadian Dollar exchange rate edged slightly lower today, bucking the trend of GBP exchange rate gains against other currencies due to CAD strength underpinned by rising crude oil prices. GBP/CAD had made gains earlier during the European session before...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts

Pound Canadian Dollar Exchange Rate News: GBP/CAD Slides to Fresh Two-Month Low amid UK Fuel Crisis

29 Sep 2021 at 1 PM - Written by John Cameron

STORY LINK Pound Canadian Dollar Exchange Rate News: GBP/CAD Slides to Fresh Two-Month Low amid UK Fuel Crisis

Pound (GBP) Slumps amidst UK Fuel Concerns The Pound (GBP) remains on the back foot against the Canadian Dollar (CAD) and the majority of its other peers today, amidst ongoing concerns over the UK’s fuel shortage. Up to 90% of petrol stations in the UK reported shortages earlier this week after a weekend of panic buying lead to...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound Canadian Dollar (GBP/CAD) Exchange Rate Trends Down Slightly on CAD Upside

15 Sep 2021 at 5 PM - Written by John Cameron

STORY LINK Pound Canadian Dollar (GBP/CAD) Exchange Rate Trends Down Slightly on CAD Upside

Pound Canadian Dollar Exchange Rate Edges Down on CAD Upside The Pound (GBP) ticked down against the Canadian Dollar (CAD) this afternoon, following a morning of relatively level trading. Initially, upside in the Pound over record-high inflation data matched Canadian Dollar gains on rising oil prices. The ‘Loonie’ then found...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP/CAD Forecast: Pound to Canadian Dollar Exchange Rate Struggling for Direction

1 Sep 2021 at 10 AM - Written by John Cameron

STORY LINK GBP/CAD Forecast: Pound to Canadian Dollar Exchange Rate Struggling for Direction

The Pound to Canadian Dollar exchange rate (GBP/CAD) is struggling for direction this morning despite a better-than-expected manufacturing PMI reading from the UK. The GBP/CAD pairing are currently trending at around CA$1.7322 as Canadian Dollar investors remain upbeat about Canada’s economic growth and recovery. Pound Sterling...

CATEGORIES: Pound Canadian Dollar Forecasts

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