Pound Canadian Dollar forecast page 3 - GBP CAD

Pound Canadian Dollar (GBP/CAR) Exchange Rate Rangebound after Canadian Jobless Figures The Pound Canadian Dollar (GBP/CAD) exchange rate is trading within a narrow range today. A recovery to crude oil prices as well as evidence of a tight labour market in Canada may be capping gains for the currency pair. On the other hand, some...

Pound (GBP) Trades Narrowly amid Recession Fears The Pound (GBP) is muted today as speeches from the Bank of England (BoE) failed to boost investor’s sprits ahead of a potential recession. BoE Chief Economist Huw Pill said today that the central bank will be ready to act if inflationary pressures continue to take its toll on the UK...

Pound Canadian Dollar (GBP/CAD) Exchange Rate Climbs Despite BoE Rate Hike Concerns The Pound Canadian Dollar (GBP/CAD) exchange rate is seeing a boost today amid a fall to crude oil prices. Prices for the commodity are tumbling amid demand fears and potential supply shortages. Major gains for the currency pair could be limited however...

GBP/CAD Muted as Shanghai Returns to Lockdown The Pound Canadian Dollar (GBP/CAD) exchange rate is trading in a narrow range this morning amid the threat of fresh lockdowns in Shanghai, weighing on oil prices. Meanwhile, the Pound (GBP) is subdued amid UK political uncertainty. At the time of writing, the GBP/CAD exchange rate is...

GBP/CAD Subdued Ahead of BoC Interest Rate Decision The Pound Canadian Dollar (GBP/CAD) exchange rate is trading in a narrow range this morning as CAD investors await the Bank of Canada’s (BoC) interest rate decision. Meanwhile, the Pound (GBP) is pressured by concerns over the UK’s ongoing cost-of-living crisis. At the time of...

GBP/CAD Subdued as UK GDP Growth Rate Slows The Pound Canadian Dollar (GBP/CAD) exchange rate is trading in a narrow range this morning amid slower-than-expected UK GDP. At the time of writing, the GBP/CAD exchange rate is trading at approximately CA$1.5880, with minimal movement from today’s opening levels. Pound (GBP) Muted...

GBP/CAD Climbs as Risk Appetite Returns The Pound Canadian Dollar (GBP/CAD) exchange rate is trading higher this morning amid an improvement in market risk appetite. At the time of writing, the GBP/CAD exchange rate is trading at approximately CA$1.6154, up roughly 0.3% from today’s opening levels. Pound (GBP) Bolstered on...

GBP/CAD Mixed as UK PM Vows to Ease High Energy Prices The Pound Canadian Dollar (GBP/CAD) exchange rate is trading in a narrow range this morning as UK Prime Minister, Boris Johnson outlined his new energy strategy. At the time of writing, the GBP/CAD exchange rate is trading at approximately CA$1.6420, with minimum movement from...

GBP/CAD Boosted as UK Economy Grew Faster-Than-Predicted The Pound Canadian Dollar (GBP/CAD) exchange rate is trading higher this morning after data revealed the UK economy grew at a faster-than-expected pace in the last quarter of 2021. At the time of writing, the GBP/CAD exchange rate is trading at approximately CA$1.6435, roughly up...

GBP/CAD Muted as Russia-Ukraine War Battles On The Pound Canadian Dollar (GBP/CAD) exchange rate is mixed today, in the wake of UK government announcement of additional sanctions against Russia. At the time of writing, the GBP/CAD exchange rate is trading at approximately CA$1.6887, with minimal market movement from today’s opening...