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Pound Canadian Dollar forecast - GBP CAD

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

LIVE EXCHANGE RATE 07:03:21 Pound Canadian Dollar Rate »
GBP/CAD -0 Days Low Days High Last Daily
1.75163 -0.08% 1.75048 1.75312 1.75300

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

14 Jun 2018 at 3 PM - Written by Minesh Chaudhari

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,...

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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

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

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

GBP to CAD Exchange Rebounds from Worst Levels as Oil Prices Drag Canadian Dollar Lower

29 May 2018 at 5 PM - Written by Frank Davies

Despite a surge in risk-sentiment briefly dragging the British Pound to Canadian Dollar (GBP/CAD) exchange rate lower on Tuesday morning, the pair had recovered most of its losses by the afternoon as investors lost appetite for Canadian Dollar trade. Falling prices of oil, Canada’s most lucrative commodity, weighed on the...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP/CAD Exchange Rate Falls Today as Slowing Inflation Lowers Interest Rate Hike Odds

23 May 2018 at 1 PM - Written by Ben Hughes

On Tuesday, the Pound to Canadian Dollar exchange rate opened trading around 1.7163 and closed higher in the region of 1.7224. The main Pound influencer yesterday was a testimony session held between Bank of England (BoE) policymakers and the Treasury Select Committee. BoE officials gave a mixed assessment of the UK economy; on the...

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GBP CAD Exchange Rate Pushes Higher Despite Forecasts for Weaker UK Wage Growth

14 May 2018 at 4 PM - Written by David Woodsmith

Even in the absence of any fresh domestic data the mood towards the Pound picked up sharply at the start of the week, driving the Pound Canadian Dollar (GBP/CAD) exchange rate higher. As the initial negative impact of the Bank of England’s (BoE) May policy meeting has continued to fade investors found reason to buy back into the weakened...

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GBP CAD Exchange Rate Slumps Sharply as BoE Lowers UK Growth Forecasts

10 May 2018 at 5 PM - Written by Frank Davies

In the wake of the Bank of England’s (BoE) May policy meeting the Pound Canadian Dollar (GBP/CAD) exchange rate came under significant pressure. While markets had already effectively ruled out the prospect of an interest rate hike the Pound still came under fire after the Monetary Policy Committee (MPC) voted to leave policy...

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Pound Canadian Dollar GBP/CAD Exchange Rate Climbs on Reports of NAFTA Tensions

26 Apr 2018 at 2 PM - Written by John Cameron

The Pound Canadian Dollar (GBP/CAD) exchange rate is edging higher today as sources suggest the US and Canada are clashing over the sunset clause in NAFTA negoiations. Canadian Dollar (CAD) Slides on NAFTA Uncertainty The Canadian Dollar found itself sliding against Sterling today following reports that Canada and America are butting...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP/CAD Exchange Rate Rises after Forecast for Two 2018 UK Interest Rate Hikes

23 Apr 2018 at 3 PM - Written by Toni Johnson

During the previous week, the Pound to Canadian Dollar exchange rate saw an overall decline due to fresh doubts about whether a May interest rate hike would occur. The GBP/CAD exchange rate opened around 1.7973 on Monday morning last week, but closed down lower in the region of 1.7863 on Friday evening. The Pound initially appreciated...

CATEGORIES: Pound Canadian Dollar Forecasts

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

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