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Pound Canadian Dollar forecast page 8 - GBP CAD

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

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GBP CAD Exchange Rate Surges as Oil Prices Collapse

8 Jun 2017 at 1 PM - Written by John Cameron

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...

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Record Low UK Deficit Triggers GBP CAD Advance

25 Apr 2017 at 10 AM - Written by Ben Hughes

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...

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

3 Apr 2017 at 4 PM - Written by James Fuller

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...

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Pound Canadian Dollar Exchange Rate Advances on Risk-Off Trading

13 Jan 2017 at 11 AM - Written by Ben Hughes

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

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...

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GBP CAD Exchange Rate Forecast Lower on Schauble Warning

9 Jun 2016 at 8 AM - Written by Frank Davies

The Pound has dropped heavily against the 'Loonie' today, due in part to comments from German Finance Minister Wolfgang Schauble that the UK would not be able to access the single market if it left the EU. 'Brexit' Developments Continue to Drive Pound Sterling (GBP) Exchange Rate Volatility Yesterday’s session in the global currency...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts Pound Ster Forecasts

Pound Sterling GBP Exchange Rate Forecast vs USD CAD - Another Limited UK Data Week Incoming

26 May 2016 at 3 PM - Written by Tim Boyer

Next week may be something of a repeat of the current one for the Pound, given that most of the notable UK data isn't spread evenly across the week. The early-afternoon tomorrow may send the US Dollar soaring, if the Q1 annualised GDP result rises as expected. This is on account of the assumption that such an outcome will go a long way to...

CATEGORIES: Pound Canadian Dollar Forecasts Pound Dollar Forecasts Pound Sterlin Forecasts

Pound Sterling Soars on Recent EU Referendum Arguements

23 May 2016 at 8 AM - Written by Ben Hughes

The Pound has jumped against its rivals recently, owing to a positive reception to a recent EU Referendum poll. The appeal of the Pound has taken a knock lately, likely due to the intensification of EU Referendum news as Purdah approaches. GBP Exchange Rate Forecast: UK GDP in Focus Last week’s session brought significant market...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts Pound Ster Forecasts

GBP Outlook: BoE Contributions due Tomorrow

10 May 2016 at 7 AM - Written by David Woodsmith

Noon tomorrow will bring the announcement of the Bank of England's May interest rate decision, which is expected to show an interest rate freeze at 0.50%. If the accompanying minutes are dovish, the Pound can be expected to tumble. If forecasts for tomorrow morning's UK industrial and manufacturing production results match up with reality,...

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Pound Sterling to Canadian Dollar (GBP/CAD) Exchange Rate Forecast: Bank of Canada (BoC) Rate Decision Boosts Confidence

9 Mar 2016 at 11 PM - Written by Frank Davies

The Pound Sterling to Canadian Dollar (GBP/CAD) exchange rate appeared to be holding its ground until Sterling began sliding after the Bank of Canada’s highly anticipated interest rate announcements. Pound (GBP) Experiences Sudden Drop After Bank of Canada’s Self-Confident Announcement As many analysts expected, Wednesday...

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