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

GBP/CAD Outlook: Pound Canadian Dollar Exchange Rate Edges Higher on UK Vaccine Rollout

15 Apr 2021 at 4 PM - Written by John Cameron

The Pound Canadian Dollar (GBP/CAD) exchange rate has rebounded this afternoon and sees the Pound heading higher despite positive employment change data from Canada. At the time of writing the GBP/CAD exchange rate is currently trading at around CA$1.7243. Pound (GBP) Exchange Rate Rebounds on Success of UK Vaccine Rollout The Pound...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound Canadian Dollar (GBP/CAD) Exchange Rate Sinks as Canadian Ivey PMI Beats Forecasts

8 Apr 2021 at 4 PM - Written by John Cameron

GBP/CAD Exchange Rate Falls as Outlook for Canadian Economy Improves The Pound Canadian Dollar (GBP/CAD) exchange rate fell today following a surge in the latest Canadian Ivey PMI data for March, which beat forecasts and rose to 72.9. The pairing is currently fluctuating around CA$1.73. The Canadian Dollar (CAD) has benefited from the...

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Pound Canadian Dollar Exchange Rate Rises as UK Takes Big Step in Cautious Easing Lockdown Restrictions

29 Mar 2021 at 12 PM - Written by John Cameron

GBP/CAD Exchange Rate as UK allows Outdoor Group Socialising The Pound Canadian Dollar exchange rate rose by 0.4% today as the UK takes a big step in a cautious easing of lockdown restrictions. The pairing is currently fluctuating around CA$1.74. Outdoor group socialising is now legal in the UK, buoying UK market confidence as the nation...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts

GBP/CAD Forecast: Pound to Canadian Dollar Exchange Rate Attempts Recovery but Sterling Gains Limited

26 Mar 2021 at 11 AM - Written by Tim Boyer

Largely unsurprising UK retail sales results had little impact on the Pound today, but the British Pound to Canadian Dollar (GBP/CAD) exchange rate is attempting to recover regardless. The Canadian Dollar’s movement has seen a sharp reversal in recent sessions as oil markets become more jittery and yield spreads concern markets. The...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound to Canadian Dollar Exchange Rate Forecast: GBP/CAD Sinks as UK-EU Vaccine Tensions Weigh

22 Mar 2021 at 1 PM - Written by John Cameron

Pound Canadian Dollar Falls as EU Threatens to Suspend Critical Vaccine Exports to UK The Pound Canadian Dollar (GBP/CAD) exchange rate fell today as tensions between the UK and the EU continue to escalate after the EU threatened to ban importing AstraZeneca Covid-19 vaccines to the UK. The pairing is currently trading around...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts

Pound to Canadian Dollar (GBP/CAD) Exchange Rate Falls as the Bank of Canada Leaves Monetary Policy Unchanged

11 Mar 2021 at 12 PM - Written by John Cameron

GBP/CAD Exchange Rate Dips Following BoC Rate Statement The Pound to Canadian Dollar (GBP/CAD) exchange rate fell by -0.2% following yesterday’s interest rate decision from the Bank of Canada (BoC) which saw rates left on hold. The pairing is currently fluctuating around CA$1.75. Now that the BoC is essentially playing a game of...

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GBP/CAD Exchange Rate Rangebound Despite Rising Oil Prices

4 Mar 2021 at 4 PM - Written by John Cameron

GBP/CAD Exchange Rate Steady as Canadian Economic Data Buoys Confidence in Economy The Pound to Canadian Dollar (GBP/CAD) exchange rate rose held steady today, with the pairing currently fluctuating around CA$1.76. The Canadian Dollar held steady against Sterling despite rising oil prices buoying confidence in Canada’s...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts

Pound to Canadian Dollar (GBP/CAD) Exchange Rate Steady as UK’s Search for Brazilian Coronavirus Variant Continues

2 Mar 2021 at 3 PM - Written by John Cameron

GBP/CAD Exchange Rate Rangebound as UK House Prices Rise in February The Pound to Canadian Dollar (GBP/CAD) exchange rate held steady today as the search for the UK’s missing Brazilian Covid-19 variant is narrowed down to the south-east. The pairing is currently fluctuating around CA$1.76. As a result, Sterling investors are remaining...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts

Pound to Canadian Dollar (GBP/CAD) Exchange Rate Sinks as UK Economic Jitters Return

25 Feb 2021 at 4 PM - Written by John Cameron

GBP/CAD Exchange Rate as UK Markets Become More Cautious The GBP/CAD exchange rate fell by -0.2% today, with the pairing currently fluctuating around CA$1.76. Sterling fell today as concerns for the UK economy have returned, despite Downing Street’s outline of its lockdown exit plan earlier this week. Today also saw reports that more...

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GBP to CAD Exchange Rate Falls Back from Highs but Outlook Remains Strong

19 Feb 2021 at 1 PM - Written by John Cameron

Investors sold the British Pound to Canadian Dollar (GBP/CAD) exchange rate slightly from its best levels today. Markets digested some unexpected signs of weakness in Britain’s latest data, and the Canadian Dollar has been benefitting from weakness in rival currencies. Despite this though, expectations for Britain to begin looking to...

CATEGORIES: Pound Canadian Dollar Forecasts