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Pound Canadian Dollar forecast page 9 - 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 Tight after UK Retail Sales Slump

19 Jan 2018 at 1 PM - Written by David Woodsmith

STORY LINK GBP/CAD Exchange Rate Tight after UK Retail Sales Slump

On Thursday’s trading session, the Pound saw a small advance against the Canadian Dollar. The GBP/CAD pairing opened trading in the region of 1.7205, later rising to 1.7243 by the evening. With little direct economic news to refer to, GBP traders were primarily focused on recent speeches from Bank of England (BoE) policymakers Michael...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound to Canadian Dollar Exchange Rate Ticks Higher after UK Services Sector Growth

4 Jan 2018 at 1 PM - Written by James Fuller

STORY LINK Pound to Canadian Dollar Exchange Rate Ticks Higher after UK Services Sector Growth

On 3rd January, the Pound to Canadian Dollar exchange rate made a marginal decline over the course of trading. The GBP/CAD exchange rate opened trading in the area of 1.6997, but later fell to close at 1.6952. Services Sector Growth Triggers Pound to Canadian Dollar Exchange Rate Rise A better-than-expected printing for the UK...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Advances Despite Slower UK Manufacturing PMI

2 Jan 2018 at 1 PM - Written by Ben Hughes

STORY LINK GBP to CAD Exchange Rate Advances Despite Slower UK Manufacturing PMI

Despite Britain’s latest manufacturing data from Markit coming in lower than expected, the British Pound to Canadian Dollar exchange rate tested gains on Tuesday and trended above the week’s opening levels. The Canadian Dollar was weighed by expectations that prices of oil, Canada’s most lucrative commodity, would soon weaken. Due to...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP CAD Exchange Rate Recovers Ground After Mixed Canadian Data

22 Dec 2017 at 2 PM - Written by Frank Davies

STORY LINK GBP CAD Exchange Rate Recovers Ground After Mixed Canadian Data

An upwards revision to the finalised third quarter UK gross domestic product failed to lift the Pound Canadian Dollar exchange rate ahead of the weekend. While the headline figure was positive, rising from 1.5% to 1.7%, this was overshadowed by more disappointing details within the report. Investors were particularly discouraged by the...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP CAD Exchange Rate Trends Lower as UK Retail Sales Lose Momentum

20 Dec 2017 at 12 PM - Written by David Woodsmith

STORY LINK GBP CAD Exchange Rate Trends Lower as UK Retail Sales Lose Momentum

While markets had anticipated a slowdown in the CBI reported retail sales measure for December this still left the Pound Canadian Dollar exchange rate on a weaker footing. Investors were not particularly encouraged by the confirmation that consumer spending had lost further momentum on the month, reflecting the ongoing wage squeeze. The...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP/CAD Exchange Rate Rises after BoE Keeps Interest Rates on Hold

14 Dec 2017 at 5 PM - Written by David Woodsmith

STORY LINK GBP/CAD Exchange Rate Rises after BoE Keeps Interest Rates on Hold

On Wednesday’s trading session, the Pound made a tentative rise against the Canadian Dollar. The pairing opened trading in the region of 1.7140, later advancing to the 1.7186 by close of trading. Pound Trades Higher after BoE Prepares Traders for 2018 Today’s big news has concerned the Bank of England (BoE), which has left UK...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP CAD Exchange Rate Advances Following Dovish BoC Meeting

7 Dec 2017 at 12 PM - Written by John Cameron

STORY LINK GBP CAD Exchange Rate Advances Following Dovish BoC Meeting

The Pound Canadian Dollar (GBP CAD) exchange rate struck a new weekly high this morning on the back of the Bank of Canada’s (BoC) latest policy meeting and Brexit optimism. Canadian Dollar’s (CAD) Tumbles as BoC Appear Dovish towards Future Rate Hikes The Canadian Dollar remains on the back foot this morning after plummeting...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Recovers from Drops on Brexit Hopes

5 Dec 2017 at 5 PM - Written by Toni Johnson

STORY LINK GBP to CAD Exchange Rate Recovers from Drops on Brexit Hopes

Due to concerns about Brexit progress being blocked by Northern Ireland’s DUP, the British Pound to Canadian Dollar exchange rate briefly tumbled on Tuesday. Towards the end of the day Brexit concerns softened and the Pound recovered slightly. After advancing slightly from 1.6946 to 1.7088 last week and having its strength limited by...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP CAD Exchange Rate Skyrockets as UK Offers to Pay More for Brexit

29 Nov 2017 at 12 PM - Written by John Cameron

STORY LINK GBP CAD Exchange Rate Skyrockets as UK Offers to Pay More for Brexit

The Pound Canadian Dollar (GBP CAD) exchange rate surged close to a six-month high this morning following reports that the UK government would be willing to offer more in its divorce bill with the EU. Pound (GBP) Surges as UK Offers €50bn in Brexit Bill Sterling sentiment continued to soar this morning as markets welcomed reports that...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP CAD Exchange Rate Falters as UK Borrowing Figures Put Pressure on Budget Announcement

21 Nov 2017 at 1 PM - Written by Frank Davies

STORY LINK GBP CAD Exchange Rate Falters as UK Borrowing Figures Put Pressure on Budget Announcement

Some of the wind went out of the Pound Canadian Dollar exchange rate’s sails in the wake of a disappointing UK public sector net borrowing figure. Markets were not impressed to find that the UK’s monthly deficit had risen to 8 billion in October, defying expectations of a slight improvement on the month. This larger figure puts...

CATEGORIES: Pound Canadian Dollar Forecasts

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