Pound Canadian Dollar forecast page 2 - GBP CAD

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...

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...

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,...

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...

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%...

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...

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...

Pound (GBP) Undermined by Growing Domestic Chaos The Pound (GBP) struggled for demand on Thursday as a myriad of headwinds kept Sterling under pressure. Despite interest rate hike bets bolstered by fresh 40-year high inflation, the cost-of-living crisis continues to dominate headlines amid fresh domestic woes. Expectations of energy...

Pound Canadian Dollar (GBP/CAD) Exchange Rate Drops amid Oil Price Rally The Pound Canadian Dollar (GBP/CAD) exchange rate is slumping today in the face of strong gains for crude oil. The currency pair may also be seeing losses as the UK’s ‘summer of discontent’ sees more and more industrial action. On the other hand, hawkish...

Pound Canadian Dollar (GBP/CAD) Exchange Rate Slides on Oil Recovery The Pound Canadian Dollar (GBP/CAD) exchange rate is slipping today. A risk-off market mood is weighing on the exchange rate today amid global recession fears. A lack of significant data for the Pound (GBP) could also be limiting any gains for the pair. Additionally,...