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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 Holds Above Worst Levels as Bank of Canada Weakens ‘Loonie’

19 Apr 2018 at 1 PM - Written by David Woodsmith

STORY LINK GBP to CAD Exchange Rate Holds Above Worst Levels as Bank of Canada Weakens ‘Loonie’

Both the Pound and Canadian Dollar have become unappealing in recent sessions, causing fluctuations in the British Pound to Canadian Dollar (GBP/CAD) exchange rate. Still, overall the Pound outlook appeared to have worsened more due to disappointing UK inflation data weighing on Bank of England (BoE) interest rate hike bets. A broadly...

CATEGORIES: Pound Canadian Dollar Forecasts

Weekly GBP/CAD Exchange Rate Forecast: Are Pound Losses ahead on UK Inflation Acceleration?

13 Apr 2018 at 3 PM - Written by Ben Hughes

STORY LINK Weekly GBP/CAD Exchange Rate Forecast: Are Pound Losses ahead on UK Inflation Acceleration?

On Thursday, the Pound to Canadian Dollar exchange rate opened in the region of 1.8002 on Monday but later closed down lower around 1.7950 on Friday. This slight GBP/CAD decline could worsen in the week ahead, if UK economic data shows tougher conditions for consumers. Last Week’s GBP/CAD Losses Triggered by Slowing UK Productivity...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound to Canadian Dollar Exchange Rate Drops One Year ahead of Brexit Transition

29 Mar 2018 at 2 PM - Written by James Fuller

STORY LINK Pound to Canadian Dollar Exchange Rate Drops One Year ahead of Brexit Transition

Over the course of Wednesday’s trading session, the Pound to Canadian Dollar exchange rate saw a gradual decline from an opening level of 1.8255 to later close around 1.8189. The only major UK data out on 28th March was a Confederation of British Industry (CBI) distributive trades reading, which showed a much greater decline in March...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Sheds Gains as Hopes Rise for NAFTA Deal

21 Mar 2018 at 5 PM - Written by Ben Hughes

STORY LINK GBP to CAD Exchange Rate Sheds Gains as Hopes Rise for NAFTA Deal

Despite Brexit hopes and strong UK data boosting Sterling against most major currency rivals, the British Pound to Canadian Dollar (GBP/CAD) exchange rate has shed its weekly gains and trended lower on Wednesday amid rising hopes that the North American Free Trade Agreement (NAFTA) could be successfully renegotiated. After seeing major...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Gains Limited as Brexit Uncertainties Remain

26 Feb 2018 at 3 PM - Written by James Fuller

STORY LINK GBP to CAD Exchange Rate Gains Limited as Brexit Uncertainties Remain

While a speech from UK Labour Party Leader Jeremy Corbyn boosted ‘soft Brexit’ hopes on Monday morning, the British Pound to Canadian Dollar (GBP/CAD) exchange rate’s gains were limited as the UK government showed no signs of being pressured by the Labour Party’s stance on EU customs unions. ‘Soft Brexit’ hopes and Bank of...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP CAD Exchange Rate Surges Higher After BoE Sounds Hawkish Note

8 Feb 2018 at 2 PM - Written by Frank Davies

STORY LINK GBP CAD Exchange Rate Surges Higher After BoE Sounds Hawkish Note

In the immediate aftermath of the Bank of England’s (BoE) rate decision the Pound Canadian Dollar (GBP CAD) exchange rate surged higher as market sentiment turned bullish. Demand for the Pound picked up significantly on the back of the BoE’s meeting minutes, which proved to be slightly more hawkish in nature than anticipated. Even...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound Canadian Dollar (GBP/CAD) Exchange Rate Fluctuates on Brexit Turbulence and Crude Oil Fall

6 Feb 2018 at 5 PM - Written by John Cameron

STORY LINK Pound Canadian Dollar (GBP/CAD) Exchange Rate Fluctuates on Brexit Turbulence and Crude Oil Fall

Brexit Turbulence Prompts Volatility in the GBP/CAD Exchange Rate The Pound Canadian Dollar (GBP/CAD) exchange rate fluctuated on Tuesday, rising initially in reaction to a drop in crude oil prices but falling later into the day as markets reacted to ongoing issues in the Brexit negotiation process. In respect to the latter, Sterling...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP/CAD Exchange Rate Tight after UK Retail Sales Slump

19 Jan 2018 at 1 PM - Written by David Woodsmith

STORY LINK GBP/CAD Exchange Rate Tight after UK Retail Sales Slump

On Thursday’s trading session, the Pound saw a small advance against the Canadian Dollar. The GBP/CAD pairing opened trading in the region of 1.7205, later rising to 1.7243 by the evening. With little direct economic news to refer to, GBP traders were primarily focused on recent speeches from Bank of England (BoE) policymakers Michael...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound to Canadian Dollar Exchange Rate Ticks Higher after UK Services Sector Growth

4 Jan 2018 at 1 PM - Written by James Fuller

STORY LINK Pound to Canadian Dollar Exchange Rate Ticks Higher after UK Services Sector Growth

On 3rd January, the Pound to Canadian Dollar exchange rate made a marginal decline over the course of trading. The GBP/CAD exchange rate opened trading in the area of 1.6997, but later fell to close at 1.6952. Services Sector Growth Triggers Pound to Canadian Dollar Exchange Rate Rise A better-than-expected printing for the UK...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Advances Despite Slower UK Manufacturing PMI

2 Jan 2018 at 1 PM - Written by Ben Hughes

STORY LINK GBP to CAD Exchange Rate Advances Despite Slower UK Manufacturing PMI

Despite Britain’s latest manufacturing data from Markit coming in lower than expected, the British Pound to Canadian Dollar exchange rate tested gains on Tuesday and trended above the week’s opening levels. The Canadian Dollar was weighed by expectations that prices of oil, Canada’s most lucrative commodity, would soon weaken. Due to...

CATEGORIES: Pound Canadian Dollar Forecasts

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