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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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Widening UK Trade Deficit Limits GBP CAD Exchange Rate Gains

10 Aug 2017 at 1 PM - Written by David Woodsmith

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...

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

13 Jul 2017 at 3 PM - Written by James Fuller

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...

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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

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...

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

4 Jul 2017 at 5 PM - Written by David Woodsmith

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...

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

28 Jun 2017 at 3 PM - Written by Tim Boyer

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...

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

27 Jun 2017 at 12 PM - Written by Frank Davies

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...

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

15 Jun 2017 at 2 PM - Written by John Cameron

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...

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

12 Jun 2017 at 4 PM - Written by Toni Johnson

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

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...

CATEGORIES: Pound Canadian Dollar Forecasts