Pound Canadian Dollar forecast page 13 - GBP CAD

GBP/CAD Exchange Rate Sinks as UK Public Borrowing Rockets in May The Pound to Canadian Dollar (GBP/CAD) exchange rate fell by -0.6% today, with the pairing currently trading around CA$1.67. Sterling suffered today despite signs of a recovery in the UK’s retail sector after May’s retail sales figures beat forecasts and rose from -18%...

Despite mixed market risk-sentiment this week, the British Pound to Canadian Dollar (GBP/CAD) exchange rate has been pushed down to lows not seen in over a week. The Pound is being weighed by a variety of factors, while the Canadian Dollar is finding support in hopes for fiscal stimulus plans to prevent damage from a feared ‘second wave’...

Despite a lack of drive in the Pound today, the British Pound to Canadian Dollar (GBP/CAD) exchange rate is continuing to edge higher. Global market uncertainty is weighing slightly on the Canadian Dollar, as investors await major developments regarding the Federal Reserve and developments in oil prices. GBP/CAD has seen more limited...

Despite stronger demand for risk-correlated currencies and some strong Canadian data at the end of the week, the British Pound to Canadian Dollar (GBP/CAD) exchange rate has ended the week on a fairly resilient note. Investors are buying the Pound despite Britain’s gloomy economic outlook and returning Brexit fears. However, looking ahead...

GBP/CAD Exchange Rate Rangebound as Risk-On Markets Fail to Buoy Canadian Dollar The Pound to Canadian Dollar (GBP/CAD) exchange rate held steady today, with the pairing currently trading around CA$1.69. Today saw the Bank of Canada (BoC) hold its interest rates at 0.25%, effectively dispelling any concerns that the bank could take...

Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate Flat as Oil Prices Rise Near Three-Month Highs The Pound Sterling Canadian (GBP/CAD) exchange rate remained flat on Tuesday afternoon. This left the pairing trading at around CA$1.6951. The oil-sensitive ‘Loonie’ struggled to make gains against an upbeat Sterling today despite...

Rising US Oil Inventories Encourage Pound Canadian Dollar (GBP/CAD) Exchange Rate Recovery A surprise surge in US crude oil inventory stockpiles offered a solid boost to the Pound Sterling to Canadian Dollar (GBP/CAD) exchange rate as oil prices dipped. Support for the commodity-correlated Canadian Dollar weakened as oil markets came...

Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate Falls as Markets Expect BoE to Take Rates Below Zero The Pound Sterling Canadian Dollar (GBP/CAD) exchange rate slumped by around -0.8% on Wednesday afternoon, this left the pairing trading at around CA$1.6868. The Pound slumped today as investors began to fret over the possibility...

Surprise Chinese Trade Turnaround Drags on Pound Canadian Dollar (GBP/CAD) Exchange Rate An unexpectedly recovery in China’s April trade data left the Pound Sterling to Canadian Dollar (GBP/CAD) exchange rate on the back foot as market risk appetite improved. Demand for the Canadian Dollar generally picked up after the Chinese trade...

Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate Muted as Oil Prices Jump The Pound Sterling Canadian Dollar (GBP/CAD) exchange rate remained largely flat, leaving the pairing trading at around CA$1.7509. The oil-sensitive ‘Loonie’ remained flat against the Pound as oil prices jumped once again on Tuesday on the hopes for a...