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

USD CAD Exchange Rate Loses Momentum as Markets Take Break From Anxiety Over Turkish Crisis

14 Aug 2018 at 9 AM - Written by Frank Davies

STORY LINK USD CAD Exchange Rate Loses Momentum as Markets Take Break From Anxiety Over Turkish Crisis

After gaining ground on the back of the unfolding Turkish financial crisis the US Dollar to Canadian Dollar (USD/CAD) exchange rate faltered on Tuesday morning. As market jitters eased this reduced the appeal of the US Dollar, which enjoyed a bullish run in response to the recent slump of the Turkish Lira. While trade relations between...

CATEGORIES: Canadian Dollar Forecasts

Growing Fears over ‘No-Deal’ Brexit Drag Pound to Canadian Dollar (GBP/CAD) Exchange Rate Down

6 Aug 2018 at 5 PM - Written by Toni Johnson

STORY LINK Growing Fears over ‘No-Deal’ Brexit Drag Pound to Canadian Dollar (GBP/CAD) Exchange Rate Down

Last week saw the Pound to Canadian Dollar exchange rate open in the region of CA$1.7128 on Monday and close down lower at a level of CA$1.6899 on Friday. This steady deterioration of the GBP/CAD exchange rate was down to the aftermath of a Bank of England (BoE) interest rate decision. As expected, BoE policymakers historically approved...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Struggles to Advance Ahead of Bank of England (BoE) Decision

1 Aug 2018 at 4 PM - Written by Ben Hughes

STORY LINK GBP to CAD Exchange Rate Struggles to Advance Ahead of Bank of England (BoE) Decision

Wednesday’s data was unable to give investors a reason to buy the British Pound to Canadian Dollar (GBP/CAD) exchange rate, so despite market anticipation for the Bank of England (BoE) decision on Thursday the pair has continued to trend below the week’s opening levels, partially thanks to strong Canadian data on Tuesday. Various...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Struggles to Sustain Gains as NAFTA Hopes Rise

25 Jul 2018 at 12 PM - Written by Minesh Chaudhari

STORY LINK GBP to CAD Exchange Rate Struggles to Sustain Gains as NAFTA Hopes Rise

This week’s news that the UK Cabinet Office will be taking control of UK-EU Brexit negotiations from now on left the Pound most appealing and the British Pound to Canadian Dollar (GBP/CAD) exchange rate has climbed slightly as a result. However, the pair’s movement remains tight and the Canadian Dollar has found its own support in the...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Tumbles as UK Inflation Slows and Bank of England Bets Lighten

18 Jul 2018 at 4 PM - Written by Frank Davies

STORY LINK GBP to CAD Exchange Rate Tumbles as UK Inflation Slows and Bank of England Bets Lighten

Demand for risky commodity-correlated currencies like the Canadian Dollar has been low this week, but due to some decent Canadian data and a slew of factors weighing on the Pound the British Pound to Canadian Dollar (GBP/CAD) exchange rate has still tumbled. The latest data to weigh heavily on GBP/CAD was Wednesday’s UK inflation...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Struggles to Hold Gains as Bank of Canada (BoC) Hikes Canadian Interest Rates

11 Jul 2018 at 3 PM - Written by Tim Boyer

STORY LINK GBP to CAD Exchange Rate Struggles to Hold Gains as Bank of Canada (BoC) Hikes Canadian Interest Rates

As UK political jitters faded and the latest Brexit developments seemed generally optimistic, the British Pound to Canadian Dollar (GBP/CAD) exchange rate edged higher ahead of the Bank of Canada’s (BoC) policy decision. Trade jitters, political developments and Central Bank news has caused wide fluctuations in GBP/CAD so far this week....

CATEGORIES: Pound Canadian Dollar Forecasts

GBP/CAD News: Pound Sterling to Canadian Dollar Exchange Rate Rises on Services PMI Growth

4 Jul 2018 at 4 PM - Written by Tim Boyer

STORY LINK GBP/CAD News: Pound Sterling to Canadian Dollar Exchange Rate Rises on Services PMI Growth

On Tuesday, the Pound opened trading against the Canadian Dollar in the region of 1.7329. There was significant GBP/CAD exchange rate volatility during the day, but Pound Sterling ultimately closed trading at a higher exchange rate of 1.7341. The day’s main UK news concerned the construction PMI for June, which printed above...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Sheds Weekly Gains as Investors Expect Slower Global Growth

14 Jun 2018 at 3 PM - Written by Minesh Chaudhari

STORY LINK GBP to CAD Exchange Rate Sheds Weekly Gains as Investors Expect Slower Global Growth

Despite some strong UK data on Thursday, the British Pound to Canadian Dollar (GBP/CAD) exchange rate’s gains were limited due to an afternoon boost in market demand for riskier currencies with higher yields. This was due to signs of caution from the European Central Bank (ECB) during its June policy decision. For most of the week,...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound Canadian Dollar (GBP/CAD) Exchange Rate Stumbles as US Urged to Abandon Tariffs against Canada

6 Jun 2018 at 4 PM - Written by John Cameron

STORY LINK Pound Canadian Dollar (GBP/CAD) Exchange Rate Stumbles as US Urged to Abandon Tariffs against Canada

Canadian Dollar (CAD) Exchange Rates Rally on Tariff Exemption Hopes The Pound Canadian Dollar (GBP/CAD) exchange rate traded lower on Wednesday, falling as investors responded to news that US Treasury Secretary Steven Mnuchin has urged US President Donald Trump to grant Canada exemption from the proposed tariffs on steel and...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Recovery Limited Despite Trade Jitters Hitting ‘Loonie’ Trade

1 Jun 2018 at 11 AM - Written by Toni Johnson

STORY LINK GBP to CAD Exchange Rate Recovery Limited Despite Trade Jitters Hitting ‘Loonie’ Trade

Due to a jump in trade jitters, following news that the US still intended to slap strict trade tariffs on imports of Canadian goods, the British Pound to Canadian Dollar (GBP/CAD) exchange rate saw a recovery towards the end of the week. However, its gains were limited amid broad weakness in Sterling trade. After opening this week at the...

CATEGORIES: Pound Canadian Dollar Forecasts

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