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Canadian Dollar Forecast Directory - Page #35

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

Narrowing Tory Election Lead Extends Pound Canadian Dollar Exchange Rate Downtrend

26 May 2017 at 3 PM - Written by John Cameron

STORY LINK Narrowing Tory Election Lead Extends Pound Canadian Dollar Exchange Rate Downtrend

Although there was some initial disappointment that the OPEC-led production limiting deal was only extended by nine months this failed to offer any particular support to the Pound Canadian Dollar exchange rate. While oil prices weakened in the immediate wake of the news it was not long before demand for the commodity picked back up,...

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GBP CAD Exchange Rate Trends Lower after Widened Trade Deficit and Muted BoE Meeting

12 May 2017 at 1 PM - Written by Toni Johnson

STORY LINK GBP CAD Exchange Rate Trends Lower after Widened Trade Deficit and Muted BoE Meeting

Confidence in the Pound was sharply dented by a raft of disappointing UK data, leaving the Pound Canadian Dollar exchange rate on a downtrend. Investors were not impressed to find that the UK visible trade deficit had widened further than forecast in March, clocking in at -13.44 billion rather than -11.6 billion. This highlighted the...

CATEGORIES: Canadian Dollar Forecasts Currency Predictions

GBP CAD Exchange Rate Forecast to Come Under Pressure from UK and Canadian GDP

27 Apr 2017 at 12 PM - Written by John Cameron

STORY LINK GBP CAD Exchange Rate Forecast to Come Under Pressure from UK and Canadian GDP

The Pound Canadian Dollar exchange rate has seen significant volatility so far this week as political developments in the US fuelled some sharp market movements. Demand for the ‘Loonie’ plunged in response to news that the US would be imposing tariffs on softwood lumber, with markets speculating that a similar move against dairy...

CATEGORIES: Canadian Dollar Forecasts

Record Low UK Deficit Triggers GBP CAD Advance

25 Apr 2017 at 10 AM - Written by Ben Hughes

STORY LINK Record Low UK Deficit Triggers GBP CAD Advance

Sterling’s rise against the Canadian Dollar today has partly come from UK borrowing data, which has shown the annual deficit fall to the lowest since the 2007-08 financial crisis. Monthly data has been less positive, with March’s deficit hitting -5.1bn instead of the forecast -3bn. Canadian economic anxiety has also aided the GBP...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Firms after UK Inflation Meets Expectations

11 Apr 2017 at 11 AM - Written by John Cameron

STORY LINK GBP to CAD Exchange Rate Firms after UK Inflation Meets Expectations

The British Pound to Canadian Dollar exchange rate dropped on Wednesday afternoon and trended closer to the week’s opening levels again despite low demand for risk-correlated currencies. The Bank of Canada (BOC) held its April monetary policy meeting on Wednesday afternoon and some analysts read its acknowledgement of Canada’s economic...

CATEGORIES: Canadian Dollar Forecasts

Weekly Currency Forecast: GBP CAD Rate in for Losses if UK Services PMI Slides

3 Apr 2017 at 4 PM - Written by James Fuller

STORY LINK Weekly Currency Forecast: GBP CAD Rate in for Losses if UK Services PMI Slides

The British Pound to Canadian Dollar exchange rate edged higher on Tuesday morning and neared its best weekly levels despite low demand for the Pound. While prices of oil, Canada’s most lucrative commodity, rose on Tuesday due to speculation of lightening US oil inventories, the Canadian Dollar failed to capitalise due to a risk-averse...

CATEGORIES: Daily Currency Updates Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Advances as Fresh Oil Concerns Emerge

9 Feb 2017 at 12 PM - Written by Ben Hughes

STORY LINK GBP to CAD Exchange Rate Advances as Fresh Oil Concerns Emerge

The British Pound to Canadian Dollar exchange rate plunged on Friday afternoon. While the day’s UK data was impressive, the day’s strong Canadian employment report came as a real surprise to traders. Not only did Canada avoid losing -5k jobs in January, it made 48.3k new jobs. The participation rate increased from 65.8% to 65.9% and...

CATEGORIES: Canadian Dollar Forecasts Currency Predictions Daily Curre Forecasts

GBP CAD Exchange Rate Stabilises as UK Retail Sales Plummet

20 Jan 2017 at 2 PM - Written by James Fuller

STORY LINK GBP CAD Exchange Rate Stabilises as UK Retail Sales Plummet

The GBP CAD exchange rate stabilised this morning following its recent rally as disappointing UK sales figures ended the Pound’s advance. Pound Canadian Dollar (GBP CAD) Gains Muted by Drop in Retail Sales The Pound Canadian Dollar (GBP CAD) exchange rate struggled to extend its gains this morning as the Office for National...

CATEGORIES: Canadian Dollar Forecasts Currency Predictions

Pound Canadian Dollar Exchange Rate Advances on Risk-Off Trading

13 Jan 2017 at 11 AM - Written by Ben Hughes

STORY LINK Pound Canadian Dollar Exchange Rate Advances on Risk-Off Trading

Risk appetite generally declined ahead of the weekend thanks to an unexpectedly sharp contraction in Chinese exports, which prompted the Pound Canadian Dollar (GBP CAD) exchange rate to trend higher. Less Dovish BoE Comments Boosted Pound Sterling Confidence in the Pound (GBP) picked up in the wake of comments from Bank of England...

CATEGORIES: Currency Predictions Pound Canadian Dollar Forecasts

GBP CAD Exchange Rate Volatile as Britain Faces ?Decade of Disruption?

29 Dec 2016 at 1 PM - Written by Ben Hughes

STORY LINK GBP CAD Exchange Rate Volatile as Britain Faces ?Decade of Disruption?

The Pound to Canadian Dollar exchange rate fluctuated as the final week of 2016 drew to a close, but due to waning demand for risk-correlated currencies the pair ended the week relatively close to its opening levels. Overall in 2016 GBP/CAD lost around 40 cents in value. It could continue to fall in the New Year if early results from...

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