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Daily Exchange Rate Forecasts & Currency News

Pound Canadian Dollar forecast - GBP CAD

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

LIVE EXCHANGE RATE 06:17:24 Pound Canadian Dollar Rate »
GBP/CAD -0 Days Low Days High Last Daily
1.68946 -0.03% 1.68933 1.69181 1.68994

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...

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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

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

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

GBP CAD Exchange Rate Spikes as BoE’s Forbes Pushes for Rate Hike

16 Mar 2017 at 2 PM - Written by Frank Davies

The British Pound to Canadian Dollar exchange rate continued to trend near the week’s best levels on Friday afternoon and looked to end the week over half a cent above its opening levels. Oil prices have been in flux throughout the week, making it difficult for the Canadian Dollar to benefit. This week’s Bank of England (BoE) news has...

CATEGORIES: Currency Predictions Daily Currency Updates Pound Canadian Dollar Forecasts

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...

CATEGORIES: Currency Predictions Daily Currency Updates Pound Canadian Dollar Forecasts

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...

CATEGORIES: Currency Predictions Daily Currency Updates Pound Canadian Dollar Forecasts

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