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

GBP CAD Exchange Rate Tumbles as Brexit Talks Delayed until February 2018

8 Dec 2017 at 4 PM - Written by Frank Davies

The Pound Canadian Dollar (GBP CAD) exchange rate fell on Friday as markets responded to claims from various EU officials that the next phase of talks will not be able to take place until February 2018. No Brexit Trade Talks Until February 2018 – GBP CAD Tumbles EU officials have stated that no discussions on a trade deal can take...

CATEGORIES: Canadian Dollar Forecasts Daily Currency Updates

GBP CAD Exchange Rate Advances Following Dovish BoC Meeting

7 Dec 2017 at 12 PM - Written by John Cameron

The Pound Canadian Dollar (GBP CAD) exchange rate struck a new weekly high this morning on the back of the Bank of Canada’s (BoC) latest policy meeting and Brexit optimism. Canadian Dollar’s (CAD) Tumbles as BoC Appear Dovish towards Future Rate Hikes The Canadian Dollar remains on the back foot this morning after plummeting...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Recovers from Drops on Brexit Hopes

5 Dec 2017 at 5 PM - Written by Toni Johnson

Due to concerns about Brexit progress being blocked by Northern Ireland’s DUP, the British Pound to Canadian Dollar exchange rate briefly tumbled on Tuesday. Towards the end of the day Brexit concerns softened and the Pound recovered slightly. After advancing slightly from 1.6946 to 1.7088 last week and having its strength limited by...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound Canadian Dollar (GBP CAD) Exchange Rate Tumbles as Canadian Unemployment Plummets

1 Dec 2017 at 5 PM - Written by Frank Davies

The Pound Canadian Dollar exchange rate fell almost 1.5% today as markets were surprised by better-than-expected Canadian unemployment figures and GDP. Canadian Data Proves Robust, CAD Exchange Rates Soar The Canadian economy expanded at an annualised rate of 1.7% in Q3 2017, admittedly down from the previous robust reading of 4.3% but...

CATEGORIES: Canadian Dollar Forecasts Currency Predictions

GBP CAD Exchange Rate Skyrockets as UK Offers to Pay More for Brexit

29 Nov 2017 at 12 PM - Written by John Cameron

The Pound Canadian Dollar (GBP CAD) exchange rate surged close to a six-month high this morning following reports that the UK government would be willing to offer more in its divorce bill with the EU. Pound (GBP) Surges as UK Offers €50bn in Brexit Bill Sterling sentiment continued to soar this morning as markets welcomed reports that...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP CAD Exchange Rate Falters as UK Borrowing Figures Put Pressure on Budget Announcement

21 Nov 2017 at 1 PM - Written by Frank Davies

Some of the wind went out of the Pound Canadian Dollar exchange rate’s sails in the wake of a disappointing UK public sector net borrowing figure. Markets were not impressed to find that the UK’s monthly deficit had risen to 8 billion in October, defying expectations of a slight improvement on the month. This larger figure puts...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP CAD Exchange Rate Slumps Sharply as US Banks Signal Brexit Concerns

8 Nov 2017 at 11 AM - Written by Frank Davies

Confidence in the Pound diminished sharply in the wake of reports that the major US banks are moving closer to implementing their hard Brexit contingency plans. With jobs looking set to be relocated from London back to the US and other European capitals this does not bode well for the UK outlook. Unless the government can secure a...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Holds Near Four-Month-High after Poor Canadian Growth Stats

1 Nov 2017 at 2 PM - Written by Minesh Chaudhari

Market hopes for developments in the Brexit process, as well as underwhelming Canadian ecostats, have left the British Pound to Canadian Dollar exchange rate easily advancing this week. The pair could climb higher depending on Thursday’s Bank of England (BoE) decision too. Sterling’s recovery has continued this week, as GBP/CAD opened...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound Rallies against Canadian Dollar as EU Negotiator Accelerates Brexit Talks

31 Oct 2017 at 3 PM - Written by Toni Johnson

On Monday, the Pound made a day-long advance against the Canadian Dollar. GBP opened trading in the region of 1.6853, later closing higher at a rate of 1.6946. This was brought on by high hopes of a Bank of England (BoE) interest rate hike this week, a sentiment that has been prevailing even today. Pound Surges after EU’s Barnier...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP CAD Shrugs Off Rising Oil Prices Ahead of BoE Rate Decision

30 Oct 2017 at 1 PM - Written by David Woodsmith

While oil prices remained on a bullish trend at the start of the week this was not enough to knock the Pound Canadian Dollar exchange rate off its uptrend. Even with Brent crude trending above the psychologically important US$60 per barrel mark a general sense of market risk aversion kept the Canadian Dollar on a weaker...

CATEGORIES: Pound Canadian Dollar Forecasts