Pound Canadian Dollar forecast page 21 - GBP CAD

While the Pound slipped against many major currencies last week, the British Pound to Canadian Dollar (GBP/CAD) exchange rate was able to avoid significant losses due to various factors like trade and Canadian growth dampening market demand for the relatively risky trade-correlated Canadian currency. Instead, GBP/CAD opened the week at the...

Pound Canadian Dollar (GBP/CAD) Exchange Rate Muted as PM Announces Resignation The Pound Sterling Canadian Dollar (GBP/CAD) exchange rate remained muted and the pairing is currently trading at an inter-bank rate of CA$1.7075. On Friday, Theresa May announced that she will resign as Prime Minister on 7 June making way for a new leader....

Pound Canadian Dollar (GBP/CAD) Exchange Rate Falls as Energy Costs Drive-up UK Inflation The Pound Sterling Canadian Dollar (GBP/CAD) exchange rate slipped and the pairing is currently trading at an inter-bank rate of CA$1.6955. On Wednesday data revealed that UK inflation rose by less than markets expected. However, the UK Consumer...

Despite a lack of particularly supportive Canadian data in recent sessions, the British Pound to Canadian Dollar (GBP/CAD) exchange rate continues to tumble as Brexit uncertainties keep worsening while Canadian Dollar investors remain hopeful that the Bank of Canada (BoC) will avoid taking a dovish tone on monetary policy. While last...

Pound Canadian Dollar (GBP/CAD) Exchange Rate Flat as Oil Prices Slide The Pound Sterling Canadian Dollar (GBP/CAD) exchange rate remained muted and the pairing is currently trading at an inter-bank rate of CA$1.7597. The Canadian Ivey Purchasing Managers Index rose to a higher-than-forecast 55.9 in April compared to 54.3 in...

Pound Canadian Dollar (GBP/CAD) Exchange Rate Rallies as BoC Leaves Rates Unchanged The Pound Sterling Canadian Dollar (GBP/CAD) exchange rate rose and the pairing is currently trading at an inter-bank rate of CA$1.7502. This afternoon the Bank of Canada (BoC) left interest rates unchanged at 1.75% for the fourth consecutive month....

Pound Canadian Dollar (GBP/CAD) Exchange Rate Slides as Canadian CPI Rises The Pound Sterling Canadian Dollar (GBP/CAD) exchange rate slipped and the pairing is currently trading at an inter-bank rate of CA$1.7349. Canadian annual inflation rose to 1.9% as forecast in March as rising rent and mortgage interest costs boosted headline...

Pound Canadian Dollar (GBP/CAD) Exchange Rate Muted as Oil Prices Rise The Pound Sterling Canadian Dollar (GBP/CAD) exchange rate remained flat, and the pairing is currently trading at an inter-bank rate of CA$1.7482. On Friday, oil markets cemented their best run for more than three years, however the oil-sensitive ‘Loonie’ only...

The Canadian Dollar has had broadly mixed movement in recent weeks, and as a result the British Pound to Canadian Dollar exchange rate has been especially volatile. Brexit uncertainty causes sharp movements, but as market demand for the Canadian Dollar is currently improving the pair may be in for losses unless upcoming Brexit news...

Last week saw a major plunge in the British Pound to Canadian Dollar (GBP/CAD) exchange rate, as mounting Brexit fears combined with a surge in demand for the Canadian Dollar left the pair nearer its worst levels since February. This week so far though, GBP/CAD has put in a fairly sturdy rebound as investors cool from last week’s...