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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 Rises as Tumbling Oil Prices Weaken ‘Loonie’

1 Apr 2020 at 4 PM - Written by John Cameron

GBP/CAD Exchange Rate Edges Higher, Sinking Oil Prices Drag Down CAD The Pound to Canadian Dollar (GBP/CAD) exchange rate rose by 0.6% today as tumbling oil prices continue to weigh on the oil-sensitive ‘Loonie. The pairing is currently trading around CA$1.757. Analysts at JBC Energy echoed Canadian Dollar investors’ concerns,...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts

Pound Canadian Dollar (GBP/CAD) Exchange Rate Rallies as Oil Prices Near 18-Year Low

1 Apr 2020 at 1 PM - Written by John Cameron

Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate as Crude Oil Suffers Largest Quarterly Loss The Pound Sterling Canadian Dollar (GBP/CAD) exchange rate rallied this morning, rising by around 1%. This left the pairing trading at around CA$1.7636. The oil-sensitive ‘Loonie’ suffered losses today after oil slumped to $25 a...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound Canadian Dollar (GBP/CAD) Exchange Rate Benefits from Lack of BoE Action

26 Mar 2020 at 4 PM - Written by Frank Davies

Lack of Bank of England Action Supports Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate The Pound Sterling to Canadian Dollar (GBP/CAD) exchange rate found some support in the wake of the Bank of England’s (BoE) scheduled March policy meeting. While the BoE issued a fresh warning over the outlook of the UK economy this failed...

CATEGORIES: Pound Canadian Dollar Forecasts

Falling Oil Prices Sends the Pound Canadian Dollar (GBP/CAD) Exchange Rate Higher

23 Mar 2020 at 2 PM - Written by John Cameron

Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate Rises as Oil Prices Continue to Slump The Pound Sterling Canadian Dollar (GBP/CAD) exchange rate rose by around 0.6%, leaving the pairing trading at around CA$1.6766. The oil-sensitive ‘Loonie’ slumped today as Brent crude prices extended its slump amid further action from...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound Canadian Dollar (GBP/CAD) Exchange Rate Sinks as BoE Slashes Interest Rates to 0.1%

19 Mar 2020 at 5 PM - Written by John Cameron

GBP/CAD Exchange Rate Falls on BoE Emergency Rate Cut The Pound Canadian Dollar (GBP/CAD) exchange rate fell by over -0.5% today after the Bank of England (BoE) cut its interest rates to a record-low of 0.1% to fight the Covid-19 economic fallout. The pairing is currently fluctuating around CA$ 1.6693. Ivan Petrella, an associate...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts

Pound Canadian Dollar (GBP/CAD) Exchange Rate Plummets as Oil Prices Temporarily Stabilise

17 Mar 2020 at 5 PM - Written by John Cameron

GBP/CAD Exchange Rate Sinks as Oil-Sensitive ‘Loonie’ Rises The Pound Canadian Dollar (GBP/CAD) exchange rate fell by -0.85% today as the oil sensitive ‘Loonie’ recovers on a rebound of oil prices. The pairing is currently trading around CA$1.702. Although oil prices are still trading below $30 a barrel today the recent free fall...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate’s Sudden Monday Rebound Could Continue as CAD Slumps

16 Mar 2020 at 3 PM - Written by David Woodsmith

The Pound continues to see broadly mixed movement this week so far, but due to considerable weakness in the Canadian Dollar the British Pound to Canadian Dollar (GBP/CAD) exchange rate has been able to rebound from its worst levels. Concerns over the coronavirus outbreak have hit the Canadian Dollar especially hard as they are also causing...

CATEGORIES: Pound Canadian Dollar Forecasts

BoE’s Emergency Rate Cut Leaves Pound Canadian Dollar (GBP/CAD) Exchange Rate Flat

11 Mar 2020 at 11 AM - Written by John Cameron

Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate Muted as BoE Announce Surprise Rate Cut The Pound Sterling Canadian Dollar (GBP/CAD) exchange rate remained flat, leaving the pairing trading at around CA$1.7734. On Wednesday, the Bank of England (BoE) became the latest central bank to ease monetary policy through an emergency 50...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound Canadian Dollar (GBP/CAD) Exchange Rate Rallies as Oil Demand to Plummet to Decade Low

9 Mar 2020 at 1 PM - Written by John Cameron

Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate Rises as Oil Prices Slump by 30% The Pound Sterling Canadian Dollar (GBP/CAD) exchange rate rallied today, jumping by around 2%. This left the pairing trading at around CA$1.7866. Today's largest moves were linked to moves in oil prices, which sent the oil-sensitive ‘Loonie’...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound Canadian Dollar (GBP/CAD) Exchange Rate Slumps Ahead of BoC Decision

4 Mar 2020 at 1 PM - Written by John Cameron

Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate Falls as Markets Price in BoE Cut The Pound Sterling Canadian Dollar (GBP/CAD) exchange rate slumped by around -0.3%, ahead of today’s Bank of Canada (BoC) meeting, leaving the pairing trading at around CA$1.7099. The Pound weakened on Wednesday after the US Federal Reserve’s...

CATEGORIES: Pound Canadian Dollar Forecasts