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

Pound Canadian Dollar (GBP/CAD) Exchange Rate Steady as UK Construction PMIs Shows ‘Promising End’ to 2020

7 Jan 2021 at 5 PM - Written by John Cameron

GBP/CAD Exchange Rate Rangebound as UK GPs and Pharmacies to Rollout Covid-19 Vaccine The Pound to Canadian Dollar (GBP/CAD) exchange rate held steady today, with the pairing currently trading around CA$1.72. Sterling benefited from news that UK GP’s surgeries and pharmacies would be allowed to rollout out the new Oxford/AstraZeneca...

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Pound Canadian Dollar (GBP/CAD) Exchange Rate Slumps as UK Looks Set for Fresh National Lockdown

4 Jan 2021 at 3 PM - Written by Frank Davies

Prospect of Fresh UK Lockdown Drives Pound Canadian Dollar Exchange Rate Lower The Pound to Canadian Dollar (GBP/CAD) exchange rate dropped sharply on Monday in the wake of the announcement of Scotland’s imminent return to a state of national lockdown. Speculation that the rest of the UK could soon follow suit left the Pound generally...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Plummet May Be Limited as Covid19 Fears Hit Oil Prices

21 Dec 2020 at 5 PM - Written by Ben Hughes

Investors are selling the British Pound to Canadian Dollar (GBP/CAD) exchange rate today, as the Pound is throttled by reports that a new more contagious variation of the coronavirus Covid19 has been found in Britain. The Canadian Dollar has been unable to capitalise on the Pound’s weakness though, as rising coronavirus fears are weighing...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound to Canadian Dollar (GBP/CAD) Exchange Rate Rises on ‘Path to Agreement’ in Brexit Talks

16 Dec 2020 at 3 PM - Written by John Cameron

GBP/CAD Exchange Rate Heads Higher on Brexit Talks Progress The Pound to Canadian Dollar (GBP/CAD) exchange rate rose by 0.8% today, with the pairing currently trading around CA$1.722. The Pound (GBP) rose today following the announcement that the UK would remain with relaxed Christmas Covid-19 rules despite nations being divided in the...

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Pound to Canadian Dollar (GBP/CAD) Exchange Rate Rises on Hopes of a Brexit Deal Breakthrough

9 Dec 2020 at 5 PM - Written by John Cameron

GBP/CAD Exchange Rate Heads Higher as Brexit Talks Show Signs of Progress The Pound to Canadian Dollar (GBP/CAD) exchange rate rose today, with the pairing currently fluctuating around CA$1.71. The Pound (GBP) gained following promising news of a possible post-Brexit trade agreement between the UK and the EU. Downing Street has...

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GBP to CAD Exchange Rate Jittery as Market Sentiment and Growth Hopes Underpin CAD Resilience

1 Dec 2020 at 3 PM - Written by John Cameron

While the Pound attempts recovery against many major currencies today, the British Pound to Canadian Dollar (GBP/CAD) exchange rate has been unable to sustain much in the way of gains since markets opened this week. This is because resilient demand for risk and trade-correlated currencies like the Canadian Dollar are keeping the pair’s...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Near Half-Month-Low as Uncertainty Bubbles over Brexit and Oil Prices

30 Nov 2020 at 3 PM - Written by James Fuller

The British Pound to Canadian Dollar (GBP/CAD) exchange rate tumbled at the end of last week, but movement in the pair has been highly mixed this week so far. Concerns about how the Brexit process will unfold in the final month of the Brexit transition period are increasingly taking focus for the Pound outlook, while the Canadian Dollar’s...

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Pound Canadian Dollar (GBP/CAD) Exchange Rate Under Pressure as UK Car Production Slump Worsens

26 Nov 2020 at 4 PM - Written by Frank Davies

Falling UK Car Production Fuels Pound Canadian Dollar (GBP/CAD) Exchange Rate Losses The sharper-than-expected decline in October’s UK car production figure left the Pound to Canadian Dollar (GBP/CAD) exchange rate under pressure. Worries over the health of the UK manufacturing sector picked up as car production plunged -18.2% on the...

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GBP to CAD Exchange Rate Struggles to Advance as Canadian Economic Outlook Remains Strong

20 Nov 2020 at 2 PM - Written by James Fuller

Hopes for a UK-EU Brexit deal to be announced soon are keeping Sterling buoyant, but the British Pound to Canadian Dollar (GBP/CAD) exchange rate has struggled to sustain notable gains. Investors continue to find the Canadian Dollar appealing amid Canada’s economic outlook and recovering oil prices, which is limiting the pair’s potential...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate at New 2 and a Half Month Best on Brexit and Coronavirus News

18 Nov 2020 at 5 PM - Written by Tim Boyer

A combination of Brexit hopes and market uncertainty is thrusting the British Pound to Canadian Dollar (GBP/CAD) exchange rate higher today. Sterling’s outlook is resilient for now with Brexit speculation and hopes taking focus, and weaker oil prices and US economic concerns are both weighing on the Canadian Dollar, which means the pair may...

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