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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 Struggles to Advance as Canadian Economic Outlook Remains Strong

20 Nov 2020 at 2 PM - Written by James Fuller

STORY LINK GBP to CAD Exchange Rate Struggles to Advance as Canadian Economic Outlook Remains Strong

Hopes for a UK-EU Brexit deal to be announced soon are keeping Sterling buoyant, but the British Pound to Canadian Dollar (GBP/CAD) exchange rate has struggled to sustain notable gains. Investors continue to find the Canadian Dollar appealing amid Canada’s economic outlook and recovering oil prices, which is limiting the pair’s potential...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate at New 2 and a Half Month Best on Brexit and Coronavirus News

18 Nov 2020 at 5 PM - Written by Tim Boyer

STORY LINK GBP to CAD Exchange Rate at New 2 and a Half Month Best on Brexit and Coronavirus News

A combination of Brexit hopes and market uncertainty is thrusting the British Pound to Canadian Dollar (GBP/CAD) exchange rate higher today. Sterling’s outlook is resilient for now with Brexit speculation and hopes taking focus, and weaker oil prices and US economic concerns are both weighing on the Canadian Dollar, which means the pair may...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound to Canadian Dollar (GBP/CAD) Exchange Rate Rises as Covid-19 Vaccine Offers Hope for UK Economy

17 Nov 2020 at 4 PM - Written by John Cameron

STORY LINK Pound to Canadian Dollar (GBP/CAD) Exchange Rate Rises as Covid-19 Vaccine Offers Hope for UK Economy

GBP/CAD Exchange Rate Edges Higher as Downing Street Reviews Covid-19 Lockdown The Pound to Canadian Dollar (GBP/CAD) exchange rate rose by 0.4% today following news that the UK Government was reviewing England’s Covid-19 tiering system, buoying hopes of eased restrictions by Christmas. The pairing is currently trading around...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Attempts Rebound as Oil Weakness and US Uncertainty Caps CAD

5 Nov 2020 at 3 PM - Written by David Woodsmith

STORY LINK GBP to CAD Exchange Rate Attempts Rebound as Oil Weakness and US Uncertainty Caps CAD

Investors have been buying the British Pound to Canadian Dollar (GBP/CAD) exchange rate back from its lows again today, as the US 2020 Presidential Election continues to develop. While the Pound has been hit harder by risk-aversion this week, the Canadian Dollar is being weighed by other factors like oil prices and US policy uncertainty...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound to Canadian Dollar (GBP/CAD) Exchange Rate Rises as BoC Holds Interest Rates

28 Oct 2020 at 4 PM - Written by John Cameron

STORY LINK Pound to Canadian Dollar (GBP/CAD) Exchange Rate Rises as BoC Holds Interest Rates

GBP/CAD Exchange Rate Rises as Oil Prices Drop The Pound to Canadian Dollar (GBP/CAD) exchange rate rose by 0.4% today, with the pairing currently trading around CA$1.727. The Canadian Dollar (CAD) fell today after the Bank of Canada (BoC) announced that its interest rate would remain at 0.25%. Tiff Macklem, the Governor of the BoC,...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts

Pound to Canadian Dollar Exchange Rate Edges Higher as Oil Prices Slide on Covid-19 Concerns

26 Oct 2020 at 4 PM - Written by John Cameron

STORY LINK Pound to Canadian Dollar Exchange Rate Edges Higher as Oil Prices Slide on Covid-19 Concerns

GBP/CAD Exchange Rate Rises as Oil Prices Fall The Pound to Canadian Dollar (GBP/CAD) exchange rate rose by 0.4% today, with the pairing currently trading around CA$1.718. The Canadian Dollar (CAD) suffered today as oil prices dropped by 3% owing to rising production in Libya and fading prospects of a pre-election US stimulus package....

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GBP/CAD Kept from Advancing as Trump’s Return Calms Markets

6 Oct 2020 at 4 PM - Written by Toni Johnson

STORY LINK GBP/CAD Kept from Advancing as Trump’s Return Calms Markets

Global markets have been driven by developments regarding US President Donald Trump’s health since last week, and the British Pound to Canadian Dollar (GBP/CAD) exchange rate is under pressure today as the Canadian Dollar benefits from some fresh market demand for riskier trade and commodity-correlated assets. Meanwhile, the Pound’s...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound to Canadian Dollar (GBP/CAD) Exchange Rate Falls as EU Launches Legal Action against UK

1 Oct 2020 at 4 PM - Written by John Cameron

STORY LINK Pound to Canadian Dollar (GBP/CAD) Exchange Rate Falls as EU Launches Legal Action against UK

GBP/CAD Exchange Rate Sinks as UK-EU Relations Take a Turn for the Worst The Pound to Canadian Dollar (GBP/CAD) exchange rate fell by -0.2% today. The pairing is trading around CA$1.714 following news that the European Union would be taking legal action against Prime Minister Boris Johnson’s Government against the controversial Brexit...

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Pound to Canadian Dollar (GBP/CAD) Exchange Rate Steady as Canadian Markets Brace for Trump-Biden Presidential Debate

29 Sep 2020 at 5 PM - Written by John Cameron

STORY LINK Pound to Canadian Dollar (GBP/CAD) Exchange Rate Steady as Canadian Markets Brace for Trump-Biden Presidential Debate

GBP/CAD Exchange Rate Rangebound Canadian Covid-19 Cases Rise The Pound to Canadian Dollar (GBP/CAD) exchange rate held steady today, with the pairing currently trading around CA$1.722. The Canadian Dollar (CAD) has suffered today ahead of the US presidential debate between Donald Trump and Joe Biden. As a result, the risk-averse...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound to Canadian Dollar (GBP/CAD) Exchange Rate Rises as UK Chancellor Announces Support for Businesses

24 Sep 2020 at 4 PM - Written by John Cameron

STORY LINK Pound to Canadian Dollar (GBP/CAD) Exchange Rate Rises as UK Chancellor Announces Support for Businesses

GBP/CAD Exchange Rate Edges Higher as UK Government Promises to Cover 22% of Worker Pay for Six Months The Pound to Canadian Dollar (GBP/CAD) exchange rate rose by 0.5% today, with the pairing currently trading around CA$1.711. Sterling rose today after British Chancellor Rishi Sunak revealed that the Government would support wages and...

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