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

GBP to CAD Exchange Rate Up as Sterling Rebound Benefits from Weak Oil

2 Jul 2020 at 4 PM - Written by Tim Boyer

Despite a lack of solid support for the Pound, the British Pound to Canadian Dollar (GBP/CAD) exchange rate has been recovering since yesterday. Sterling has been more easily able to advance against a weakening Canadian Dollar, as concerns persist over Canada’s coronavirus outlook and the currency is hit by weakness in prices of oil,...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Slips from Best Levels as Oil Prices Rebound

26 Jun 2020 at 1 PM - Written by James Fuller

Weakness in the Canadian Dollar has made it easier for the British Pound to Canadian Dollar (GBP/CAD) exchange rate to climb this week. However, as the Canadian Dollar is seeing a slight improvement in performance before markets close for the week, the pair’s advances have slowed. The Pound lacks the drive to advance much itself, as...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Struggles to Recover as Rising Oil Levels Buoy ‘Loonie’

22 Jun 2020 at 3 PM - Written by David Woodsmith

Fresh comments from the Bank of England (BoE) have not been enough to help the British Pound to Canadian Dollar (GBP/CAD) exchange rate to sustain this morning’s recovery attempts. The Pound outlook remains jittery due to coronavirus and Brexit concerns, while the Canadian Dollar continues to find support in strong oil prices despite mixed...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound to Canadian Dollar (GBP/CAD) Exchange Rate Sinks Despite Signs of Recovery for UK’s Retail Sector

19 Jun 2020 at 3 PM - Written by John Cameron

GBP/CAD Exchange Rate Sinks as UK Public Borrowing Rockets in May The Pound to Canadian Dollar (GBP/CAD) exchange rate fell by -0.6% today, with the pairing currently trading around CA$1.67. Sterling suffered today despite signs of a recovery in the UK’s retail sector after May’s retail sales figures beat forecasts and rose from -18%...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Touches Weekly Low after Canada Boosts Financial Support

17 Jun 2020 at 4 PM - Written by Toni Johnson

Despite mixed market risk-sentiment this week, the British Pound to Canadian Dollar (GBP/CAD) exchange rate has been pushed down to lows not seen in over a week. The Pound is being weighed by a variety of factors, while the Canadian Dollar is finding support in hopes for fiscal stimulus plans to prevent damage from a feared ‘second wave’...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound to Canadian Dollar (GBP/CAD) Exchange Rate Falls as Oil Prices Show Recovery

12 Jun 2020 at 5 PM - Written by John Cameron

GBP/CAD Exchange Rate Sinks as ‘Loonie’ Benefits from Rising Oil Prices The Pound to Canadian Dollar (GBP/CAD) exchange rate is currently trading around CA$1.70, with the pairing down by -0.5% on today’s opening rate. The Canadian Dollar (CAD) has benefited today after oil prices showed signs of recovery after their sharpest daily...

CATEGORIES: Canadian Dollar Forecasts Pound Sterling Forecasts

GBP to CAD Exchange Rate Testing Nearer Monthly Highs as Oil Prices Weigh on CAD

10 Jun 2020 at 5 PM - Written by Frank Davies

Despite a lack of drive in the Pound today, the British Pound to Canadian Dollar (GBP/CAD) exchange rate is continuing to edge higher. Global market uncertainty is weighing slightly on the Canadian Dollar, as investors await major developments regarding the Federal Reserve and developments in oil prices. GBP/CAD has seen more limited...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Holds Ground despite Revives Brexit Fear

5 Jun 2020 at 3 PM - Written by Toni Johnson

Despite stronger demand for risk-correlated currencies and some strong Canadian data at the end of the week, the British Pound to Canadian Dollar (GBP/CAD) exchange rate has ended the week on a fairly resilient note. Investors are buying the Pound despite Britain’s gloomy economic outlook and returning Brexit fears. However, looking ahead...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound to Canadian Dollar (GBP/CAD) Exchange Rates Steady as BoC Holds Interest Rates at 0.25%

3 Jun 2020 at 3 PM - Written by John Cameron

GBP/CAD Exchange Rate Rangebound as Risk-On Markets Fail to Buoy Canadian Dollar The Pound to Canadian Dollar (GBP/CAD) exchange rate held steady today, with the pairing currently trading around CA$1.69. Today saw the Bank of Canada (BoC) hold its interest rates at 0.25%, effectively dispelling any concerns that the bank could take...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts

Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate Muted as Oil Prices Jump Near Three-Month Highs

2 Jun 2020 at 3 PM - Written by John Cameron

Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate Flat as Oil Prices Rise Near Three-Month Highs The Pound Sterling Canadian (GBP/CAD) exchange rate remained flat on Tuesday afternoon. This left the pairing trading at around CA$1.6951. The oil-sensitive ‘Loonie’ struggled to make gains against an upbeat Sterling today despite...

CATEGORIES: Pound Canadian Dollar Forecasts