Pound Canadian Dollar forecast page 11 - GBP CAD

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...

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...

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...

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...

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,...

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....

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...

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...

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...

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...