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

Pound Canadian Dollar Exchange Rate News: GBP/CAD Mixed as Brexit Issues Resume

24 Nov 2021 at 2 PM - Written by John Cameron

Pound (GBP) Faces Headwinds due to On-Going Northern Ireland Negotiations The Pound to Canadian Dollar (GBP/CAD) exchange rate is fluctuating today as GBP remains under pressure from the Northern Ireland negotiations. Anne-Marie Trevelyan, the international trade secretary, hinted that the UK Government is easing their approach...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound Canadian Dollar Muted as UK Firms Hit by Soaring Costs

23 Nov 2021 at 12 PM - Written by John Cameron

Pound Canadian Dollar (GBP/CAD) Exchange Rate Lacks Direction on Mixed UK PMIs The Pound Canadian Dollar exchange rate is subdued so far this week as UK manufacturing and services PMIs bettered forecasts, but indicated record-high input costs, and oil prices soften again after a brief bounce yesterday. After edging higher yesterday...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts

Pound Canadian Dollar Muted as Covid-19 Cases Rise, Retail Data Improves

19 Nov 2021 at 3 PM - Written by John Cameron

GBP/CAD Lacks Direction as UK and Canadian Retail Sales Provide Optimism The Pound Canadian Dollar exchange rate is trading in a narrow range on Friday after making gains through the latter part of the week. Improved UK retail sales failed to bolster GB exchange rates, while Canadian retail figures supported the Canadian...

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Pound Canadian Dollar Exchange Rate Rises as Oil Prices Fluctuates

11 Nov 2021 at 3 PM - Written by John Cameron

Pound Canadian Dollar Exchange Rate Boosted by Unstable Oil The Pound Canadian Dollar (GBP/CAD) exchange rate rose overnight as fluctuating oil prices caused weakness in the Canadian Dollar. The GBP/CAD exchange rate has continued to rise throughout the session and is currently at around $1.6863. Canadian Dollar (CAD) Stumbles amid...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound Canadian Dollar (GBP/CAD) Exchange Rate Plummets; CAD Finds Support

10 Nov 2021 at 12 PM - Written by John Cameron

GBP/CAD Exchange Rate Plunges on Sterling Weakness The Pound Canadian Dollar (GBP/CAD) exchange rate has fallen steeply today as a lack of data exposes the Pound (GBP) to headwinds and CAD benefits from oil prices and a hawkish signals from the Bank of Canada. At the time of writing, GBP/CAD is trading at C$1.6809, down 0.3% from...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound Canadian Dollar Exchange Rate Drops after BoE Rates Decision

5 Nov 2021 at 4 PM - Written by John Cameron

Pound Canadian Dollar Exchange Rate Falls as BoE keeps Rates Unchanged The Pound Canadian Dollar (GBP/CAD) exchange rate has dropped throughout the day’s session, as confidence in Sterling continues to nosedive following the Bank of England’s (BoE) decision to keep interest rates unchanged. As of time of writing the rate is at...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound Canadian Dollar Exchange Rate Plunges after BoE Decision

4 Nov 2021 at 4 PM - Written by John Cameron

GBP/CAD Exchange Rate Falls as BoE Surprises Market The GBP/CAD exchange rate nosedived today following the Bank of England’s (BoE) announcement that they would leave interest rates and asset purchasing at record low. The rate continued to fluctuate throughout Governor Andrew Bailey’s speech before stabilising. As of time of...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP/CAD News: Pound Canadian Dollar Exchange Rate Wavers on Brexit and BoE Rate Hike Bets

1 Nov 2021 at 3 PM - Written by John Cameron

GBP/CAD Wavers on Brexit, BoE and CAD Strength The Pound Canadian Dollar (GBP/CAD) has wavered today as Brexit concerns are offset by rate hike expectations ahead of the Bank of England’s (BoE) meeting on Thursday. In addition, the Canadian Dollar (CAD) is supported by an ongoing recovery in crude prices and a better-than-expected...

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Pound Canadian Dollar (GBP/CAD) Exchange Rate Firms as Oil Prices Falter

19 Oct 2021 at 5 PM - Written by John Cameron

GBP/CAD Exchange Rate Climbs on Oil Price Downturn The Pound Canadian Dollar (GBP/CAD) exchange rate rose today as the Canadian Dollar (CAD) fell on depreciating oil prices. Conversely, the Pound (GBP) found support on Bank of England (BoE) rate hike expectations alongside an expectation of foreign investment. At the time of...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts Pound Sterling Forecasts

Pound Canadian Dollar Firm on Positive UK Data

13 Oct 2021 at 1 PM - Written by John Cameron

GBP/CAD Steady on UK GDP Increase The Pound Canadian Dollar exchange rate is edging slightly higher today, recovering some of yesterday’s losses overnight. Sterling is making gains on UK GDP and industrial production data, with GBP/CAD trading at 1.6956 at the time of writing. Pound (GBP) Firms on UK Data UK GDP growth and...

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