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Pound Canadian Dollar Forecast Directory - Page #31

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

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

GBP CAD Exchange Rate Plunges as Post-Election Panic Sets In

12 Jun 2017 at 4 PM - Written by Toni Johnson

STORY LINK GBP CAD Exchange Rate Plunges as Post-Election Panic Sets In

This week has opened with heavy losses for the Pound, with the GBP CAD exchange rate dropping to 1.7017, the worst result in nearly two months. In the post-election malaise, Pound traders have struggled to find positive news to latch onto. The dominant sentiment at the start of the week has been concern, due to there still not being a...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts

GBP CAD Exchange Rate Surges as Oil Prices Collapse

8 Jun 2017 at 1 PM - Written by John Cameron

STORY LINK GBP CAD Exchange Rate Surges as Oil Prices Collapse

The Pound Canadian Dollar (GBP CAD) exchange rate rocketed up nearly two cents yesterday, reaching a two week high following a rout in oil prices. Crude benchmarks nosedived on Wednesday, falling by up to 5% to a new monthly low following an unexpected rise in US stockpiles, dragging on the Loonie due to the Canadian economy’s reliance...

CATEGORIES: Pound Canadian Dollar Forecasts

Record Low UK Deficit Triggers GBP CAD Advance

25 Apr 2017 at 10 AM - Written by Ben Hughes

STORY LINK Record Low UK Deficit Triggers GBP CAD Advance

Sterling’s rise against the Canadian Dollar today has partly come from UK borrowing data, which has shown the annual deficit fall to the lowest since the 2007-08 financial crisis. Monthly data has been less positive, with March’s deficit hitting -5.1bn instead of the forecast -3bn. Canadian economic anxiety has also aided the GBP...

CATEGORIES: Pound Canadian Dollar Forecasts

Weekly Currency Forecast: GBP CAD Rate in for Losses if UK Services PMI Slides

3 Apr 2017 at 4 PM - Written by James Fuller

STORY LINK Weekly Currency Forecast: GBP CAD Rate in for Losses if UK Services PMI Slides

The British Pound to Canadian Dollar exchange rate edged higher on Tuesday morning and neared its best weekly levels despite low demand for the Pound. While prices of oil, Canada’s most lucrative commodity, rose on Tuesday due to speculation of lightening US oil inventories, the Canadian Dollar failed to capitalise due to a risk-averse...

CATEGORIES: Daily Currency Updates Pound Canadian Dollar Forecasts

Pound Canadian Dollar Exchange Rate Advances on Risk-Off Trading

13 Jan 2017 at 11 AM - Written by Ben Hughes

STORY LINK Pound Canadian Dollar Exchange Rate Advances on Risk-Off Trading

Risk appetite generally declined ahead of the weekend thanks to an unexpectedly sharp contraction in Chinese exports, which prompted the Pound Canadian Dollar (GBP CAD) exchange rate to trend higher. Less Dovish BoE Comments Boosted Pound Sterling Confidence in the Pound (GBP) picked up in the wake of comments from Bank of England...

CATEGORIES: Currency Predictions Pound Canadian Dollar Forecasts

Pound Sterling Canadian Dollar Exchange Rate Rallies after Commodity Prices Disappoint ?Loonie? Investors

12 Sep 2016 at 12 PM - Written by David Woodsmith

STORY LINK Pound Sterling Canadian Dollar Exchange Rate Rallies after Commodity Prices Disappoint ?Loonie? Investors

Pound Sterling Update: GBP Still in Demand against BCC’s Forecast of Sliding UK Future Growth The latest UK domestic data should have made investors pause for thought, although on the face of it, Pound (GBP) exchange rates have largely risen despite the apparent negativity. The data in question came from the British Chambers of...

CATEGORIES: Currency Predictions Pound Canadian Dollar Forecasts Pound Forecasts

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