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Pound Canadian Dollar forecast page 18 - GBP CAD

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

LIVE EXCHANGE RATE 13:58:41 Pound Canadian Dollar Rate »
GBP/CAD +0 Days Low Days High Last Daily
1.714017745675 ▲ +0.28% 1.7092552191 1.71545638425 1.70928921735

Pound Canadian Dollar (GBP CAD) Soars as the Canadian Current Account Deficit Widens

30 Aug 2017 at 4 PM - Written by Toni Johnson

STORY LINK Pound Canadian Dollar (GBP CAD) Soars as the Canadian Current Account Deficit Widens

The Pound rallied against the Canadian Dollar today on news that Canada’s current account deficit increased whilst mortgage approvals in the UK for July surged. Imports exceeded exports, Statistics Canada reported, with the Canadian current account deficit demonstrated to have widened in Q2 of this year (though less than anticipated)....

CATEGORIES: Pound Canadian Dollar Forecasts

Quite Trade sees Pound to Canadian Dollar Exchange Rate Near Opening Levels - Retail Sales Tomorrow

20 Aug 2017 at 9 AM - Written by David Woodsmith

STORY LINK Quite Trade sees Pound to Canadian Dollar Exchange Rate Near Opening Levels - Retail Sales Tomorrow

The live Pound to Canadian Dollar exchange rate on Monday August 21 is quoted at 1.62108, a value that has little changed over the course of the day. With little data released today, all eyes will be on Tuesday's retail sales print. According to Scotiabank foreign exchange analysts, "CAD is quiet, consolidating in a tight range around...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound to Canadian Dollar Exchange Rate Outlook: UK Retails Sales Boosts GBP/CAD

17 Aug 2017 at 11 AM - Written by John Cameron

STORY LINK Pound to Canadian Dollar Exchange Rate Outlook: UK Retails Sales Boosts GBP/CAD

The Pound Canadian Dollar exchange rate has seen a positive move on Thursday afternoon, valued +0.15 per cent higher at 1.62979 at 18:00 GMT. GBP/CAD clawed its way back up from an eight-month low earlier in the morning as the UK released its latest retail sales figures. Pound (GBP) Rallies as Retail Sales Beat Forecasts Sterling was...

CATEGORIES: Pound Canadian Dollar Forecasts

Widening UK Trade Deficit Limits GBP CAD Exchange Rate Gains

10 Aug 2017 at 1 PM - Written by David Woodsmith

STORY LINK Widening UK Trade Deficit Limits GBP CAD Exchange Rate Gains

An unexpected widening of the UK trade deficit weighed on the Pound Canadian Dollar exchange rate, even though a general sense of risk aversion prevented any particular weakness. Markets were not impressed to see this fresh deterioration in the UK’s trade balance, however, as uncertainty over Brexit continues to hang over the domestic...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP/CAD Climbs as BoE?s McCafferty Signals Change to QE

13 Jul 2017 at 3 PM - Written by James Fuller

STORY LINK GBP/CAD Climbs as BoE?s McCafferty Signals Change to QE

The British Pound is rising sharply against the Canadian Dollar today on the back of hawkish signs from Bank of England (BoE) monetary policymaker Ian McCafferty. GBP/CAD has now risen 0.4% to 1.6500. McCafferty has caused a stir today after suggesting that the quantitative easing programme could be ended earlier than originally...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Strength Limited as Traders Await Bank of Canada (BOC) News

10 Jul 2017 at 1 PM - Written by Tim Boyer

STORY LINK GBP to CAD Exchange Rate Strength Limited as Traders Await Bank of Canada (BOC) News

Poor British ecostats over the last week have failed to support the British Pound to Canadian Dollar exchange rate. A strong increase in Bank of Canada (BOC) interest rate hike bets helped the ‘Loonie’ to capitalise on Sterling weakness. Last week saw GBP/CAD tumble from the opening level of 1.6888 to the closing level of 1.6595. Since...

CATEGORIES: Pound Canadian Dollar Forecasts

Could Weaker UK Services PMI Extend GBP CAD Exchange Rate Losses?

4 Jul 2017 at 5 PM - Written by David Woodsmith

STORY LINK Could Weaker UK Services PMI Extend GBP CAD Exchange Rate Losses?

Confidence in the Pound remained decidedly muted on Tuesday, with June’s UK construction PMI falling short of forecast in the wake of a similarly disappointing manufacturing PMI. This indicated that growth in the UK economy lost some momentum in the last month, putting further pressure on the second quarter Gross Domestic...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Rises as Bank of England (BoE) Governor Surprises Traders

28 Jun 2017 at 3 PM - Written by Tim Boyer

STORY LINK GBP to CAD Exchange Rate Rises as Bank of England (BoE) Governor Surprises Traders

Investors sold the Canadian Dollar last week as Canada’s latest inflation data fell short of expectations. However, CAD demand improved again this week following more hawkish comments from Bank of Canada (BOC) Governor Stephen Poloz. Due to economic uncertainty in Britain and mixed commodity data, GBP/CAD briefly tumbled to a new weekly...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Flat as UK Political Developments Fail to Boost Confidence

27 Jun 2017 at 12 PM - Written by Frank Davies

STORY LINK GBP to CAD Exchange Rate Flat as UK Political Developments Fail to Boost Confidence

This week’s UK political developments and Brexit comments have done little to influence the British Pound to Canadian Dollar exchange rate. The Pound remains limp on uncertainty while the Canadian Dollar has been weakened due to oil concerns. The pair appears to have stabilised somewhat after last week however. GBP/CAD opened this week...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP CAD Exchange Rate Surges Higher after BoE Splite 5-3 on Interest Rates

15 Jun 2017 at 2 PM - Written by John Cameron

STORY LINK GBP CAD Exchange Rate Surges Higher after BoE Splite 5-3 on Interest Rates

Weaker-than-expected UK retail sales figures put fresh pressure on the Pound Canadian Dollar exchange rate on Thursday morning. While forecasts had pointed towards a contraction in spending the figure still surprised to the downside, with sales falling -1.6% on the month in May. Coupled with Tuesday’s unexpected uptick in inflationary...

CATEGORIES: Pound Canadian Dollar Forecasts

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