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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.

LIVE EXCHANGE RATE 00:14:17 Pound Canadian Dollar Rate »
GBP/CAD -0.01 Days Low Days High Last Daily
1.69340 ▼ -0.66% 1.69129 1.70601 1.70470

GBP to CAD Exchange Rate Tumbles as UK Inflation Slows and Bank of England Bets Lighten

18 Jul 2018 at 4 PM - Written by Frank Davies

STORY LINK GBP to CAD Exchange Rate Tumbles as UK Inflation Slows and Bank of England Bets Lighten

Demand for risky commodity-correlated currencies like the Canadian Dollar has been low this week, but due to some decent Canadian data and a slew of factors weighing on the Pound the British Pound to Canadian Dollar (GBP/CAD) exchange rate has still tumbled. The latest data to weigh heavily on GBP/CAD was Wednesday’s UK inflation...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Struggles to Hold Gains as Bank of Canada (BoC) Hikes Canadian Interest Rates

11 Jul 2018 at 3 PM - Written by Tim Boyer

STORY LINK GBP to CAD Exchange Rate Struggles to Hold Gains as Bank of Canada (BoC) Hikes Canadian Interest Rates

As UK political jitters faded and the latest Brexit developments seemed generally optimistic, the British Pound to Canadian Dollar (GBP/CAD) exchange rate edged higher ahead of the Bank of Canada’s (BoC) policy decision. Trade jitters, political developments and Central Bank news has caused wide fluctuations in GBP/CAD so far this week....

CATEGORIES: Pound Canadian Dollar Forecasts

GBP/CAD News: Pound Sterling to Canadian Dollar Exchange Rate Rises on Services PMI Growth

4 Jul 2018 at 4 PM - Written by Tim Boyer

STORY LINK GBP/CAD News: Pound Sterling to Canadian Dollar Exchange Rate Rises on Services PMI Growth

On Tuesday, the Pound opened trading against the Canadian Dollar in the region of 1.7329. There was significant GBP/CAD exchange rate volatility during the day, but Pound Sterling ultimately closed trading at a higher exchange rate of 1.7341. The day’s main UK news concerned the construction PMI for June, which printed above...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Sheds Weekly Gains as Investors Expect Slower Global Growth

14 Jun 2018 at 3 PM - Written by Minesh Chaudhari

STORY LINK GBP to CAD Exchange Rate Sheds Weekly Gains as Investors Expect Slower Global Growth

Despite some strong UK data on Thursday, the British Pound to Canadian Dollar (GBP/CAD) exchange rate’s gains were limited due to an afternoon boost in market demand for riskier currencies with higher yields. This was due to signs of caution from the European Central Bank (ECB) during its June policy decision. For most of the week,...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound Canadian Dollar (GBP/CAD) Exchange Rate Stumbles as US Urged to Abandon Tariffs against Canada

6 Jun 2018 at 4 PM - Written by John Cameron

STORY LINK Pound Canadian Dollar (GBP/CAD) Exchange Rate Stumbles as US Urged to Abandon Tariffs against Canada

Canadian Dollar (CAD) Exchange Rates Rally on Tariff Exemption Hopes The Pound Canadian Dollar (GBP/CAD) exchange rate traded lower on Wednesday, falling as investors responded to news that US Treasury Secretary Steven Mnuchin has urged US President Donald Trump to grant Canada exemption from the proposed tariffs on steel and...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Recovery Limited Despite Trade Jitters Hitting ?Loonie? Trade

1 Jun 2018 at 11 AM - Written by Toni Johnson

STORY LINK GBP to CAD Exchange Rate Recovery Limited Despite Trade Jitters Hitting ?Loonie? Trade

Due to a jump in trade jitters, following news that the US still intended to slap strict trade tariffs on imports of Canadian goods, the British Pound to Canadian Dollar (GBP/CAD) exchange rate saw a recovery towards the end of the week. However, its gains were limited amid broad weakness in Sterling trade. After opening this week at the...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rebounds from Worst Levels as Oil Prices Drag Canadian Dollar Lower

29 May 2018 at 5 PM - Written by Frank Davies

STORY LINK GBP to CAD Exchange Rebounds from Worst Levels as Oil Prices Drag Canadian Dollar Lower

Despite a surge in risk-sentiment briefly dragging the British Pound to Canadian Dollar (GBP/CAD) exchange rate lower on Tuesday morning, the pair had recovered most of its losses by the afternoon as investors lost appetite for Canadian Dollar trade. Falling prices of oil, Canada’s most lucrative commodity, weighed on the...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP/CAD Exchange Rate Falls Today as Slowing Inflation Lowers Interest Rate Hike Odds

23 May 2018 at 1 PM - Written by Ben Hughes

STORY LINK GBP/CAD Exchange Rate Falls Today as Slowing Inflation Lowers Interest Rate Hike Odds

On Tuesday, the Pound to Canadian Dollar exchange rate opened trading around 1.7163 and closed higher in the region of 1.7224. The main Pound influencer yesterday was a testimony session held between Bank of England (BoE) policymakers and the Treasury Select Committee. BoE officials gave a mixed assessment of the UK economy; on the...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP CAD Exchange Rate Pushes Higher Despite Forecasts for Weaker UK Wage Growth

14 May 2018 at 4 PM - Written by David Woodsmith

STORY LINK GBP CAD Exchange Rate Pushes Higher Despite Forecasts for Weaker UK Wage Growth

Even in the absence of any fresh domestic data the mood towards the Pound picked up sharply at the start of the week, driving the Pound Canadian Dollar (GBP/CAD) exchange rate higher. As the initial negative impact of the Bank of England’s (BoE) May policy meeting has continued to fade investors found reason to buy back into the weakened...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP CAD Exchange Rate Slumps Sharply as BoE Lowers UK Growth Forecasts

10 May 2018 at 5 PM - Written by Frank Davies

STORY LINK GBP CAD Exchange Rate Slumps Sharply as BoE Lowers UK Growth Forecasts

In the wake of the Bank of England’s (BoE) May policy meeting the Pound Canadian Dollar (GBP/CAD) exchange rate came under significant pressure. While markets had already effectively ruled out the prospect of an interest rate hike the Pound still came under fire after the Monetary Policy Committee (MPC) voted to leave policy...

CATEGORIES: Pound Canadian Dollar Forecasts

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