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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 Hits 6-Month-Best on Shockingly Poor Canadian Job Market Report

6 Dec 2019 at 3 PM - Written by Ben Hughes

Even after the Bank of Canada (BoC) took a relatively optimistic tone on Canada’s economic outlook this week, the British Pound to Canadian Dollar (GBP/CAD) exchange rate has seen another surge in demand today. The Pound is benefitting from weakness in the Canadian Dollar, as investors react to a shockingly poor Canadian job market report...

CATEGORIES: Pound Canadian Dollar Forecasts

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

4 Dec 2019 at 10 AM - Written by John Cameron

Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate Higher as Markets Anticipate 2020 BoC Cut The Pound Sterling Canadian Dollar (GBP/CAD) exchange rate edged up on Wednesday. The pairing is currently trading at around CA$1.7330. The Canadian Dollar remained under pressure ahead of this afternoon’s Bank of Canada (BoC) interest...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound Canadian Dollar Exchange Rate Steady, US-China Trade Uncertainty Weighs on ‘Loonie’

2 Dec 2019 at 4 PM - Written by John Cameron

GBP/CAD Exchange Rate Rangebound, Canadian Manufacturing PMI Improves The Pound Canadian Dollar (GBP/CAD) exchange rate held steady today, with the pairing currently trading around CA$1.718 after Canada’s Markit manufacturing PMI for November expanded at its fastest pace in nine months. Tim Moore, Economists Associate Director at IHS...

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

Pound Canadian Dollar (GBP/CAD) Exchange Rate Stumbles on Signs of BOC Optimism

15 Nov 2019 at 11 AM - Written by Frank Davies

Less Dovish BOC Commentary Limits Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate Support A lack of dovishness from Bank of Canada (BOC) Governor Stephen Poloz helped to keep the Pound Sterling to Canadian Dollar (GBP/CAD) exchange rate under pressure. As Poloz’s latest speech failed to drop any hints that the BOC is likely to...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Surges on Surprise Shift from UK Brexit Party’s Election Stance

11 Nov 2019 at 3 PM - Written by Minesh Chaudhari

The British Pound to Canadian Dollar (GBP/CAD) exchange rate saw significant pressure from US-China trade hopes and developments last week, despite the Canadian Dollar being pressured by fresh signs of weakness in Canadian data. This week so far though, relief about Britain’s economy, as well as a boost to the perceived chances of a...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Climb Away from Week Worst amid Canada’s Trade and Economic Jitters

6 Nov 2019 at 1 PM - Written by Tim Boyer

The British Pound to Canadian Dollar (GBP/CAD) exchange rate has been trending lower this week, but the pair is up on yesterday’s levels as the Canadian Dollar is weakened by the latest market concerns over Canada’s trade and economy. Concerns that the Bank of Canada (BoC) could take a more dovish stance on monetary policy have been...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Edging Higher despite Uncertainties over Likely UK Election

29 Oct 2019 at 3 PM - Written by Frank Davies

Despite concerns over the next steps of the Brexit process, with a UK general election expected in the coming months, the British Pound to Canadian Dollar (GBP/CAD) exchange rate advanced slightly yesterday. The latest UK political uncertainties doused market risk-sentiment and dampened demand for the trade-correlated Canadian Dollar as...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Sheds Almost Half of Last Week’s Gains despite Weak Canadian Data

24 Oct 2019 at 11 AM - Written by David Woodsmith

Despite recent Canadian data falling short of expectations, they haven’t done much to offset hopes that the Bank of Canada (BoC) will avoid interest rate cuts in the coming months and this combined with Brexit uncertainty has left the British Pound to Canadian Dollar (GBP/CAD) exchange rate weaker this week. The Pound’s fresh weakness on...

CATEGORIES: Pound Canadian Dollar Forecasts

Trudeau’s Narrow Election Win Sends Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate Lower

22 Oct 2019 at 11 AM - Written by John Cameron

Pound Canadian Dollar (GBP/CAD) Exchange Rate Slides as Trudeau Clings to Power The Pound Sterling Canadian Dollar (GBP/CAD) exchange rate slumped on Tuesday morning, and the pairing is currently trading at around CA$1.6925. The Canadian Dollar edged up against the Pound and held near a three-month high after Justin Trudeau’s Liberal...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Struggles as Canada Heads to the Polls for Federal Election

21 Oct 2019 at 5 PM - Written by Minesh Chaudhari

Following a strong week for the British Pound to Canadian Dollar (GBP/CAD) exchange rate, this week could be poised to be even more hectic with the fate of the Brexit process and Canada’s 2019 Federal Election taking place. Amid these uncertainties, investors were hesitant to move too much on either the Pound or the Canadian Dollar and the...

CATEGORIES: Pound Canadian Dollar Forecasts