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Currency News - CAD

GBP/CAD Sinks on Bank of England Rate Cut Fears

Written by Alastair Archbold on Monday, September 30, 2019. Currency News - Sterling / CAD

Last week’s high: CA$1.658 Last week’s low: CA$1.628 Canadian Dollar Edges Higher as BoE Signals Raise Rate Cut Fears The Pound Canadian Dollar (GBP/CAD) exchange rate was subdued at the opening of last week’s session as Prime Minister Boris Johnson downplayed the prospect of a Brexit deal. At a UN summit in New York, Mr…(read more)

GBP/CAD Exchange Rate Nears Three-Month High on Brexit Deal Hopes

Written by Alastair Archbold on Monday, September 23, 2019. Currency News - Sterling / CAD

Last week’s high: C$1.6679 Last week’s low: C$1.6421 Pound Jumps on Fresh Brexit Optimism The Pound to Canadian Dollar exchange rate traded in a wide range last week, but ultimately closed the session higher on the back of renewed Brexit optimism. This came in the wake of an interview with EU Commission President, Jean-Claude Juncker…(read more)

GBP/CAD Touches Two-Month-Best on Brexit Speculation

Written by Alastair Archbold on Monday, September 16, 2019. Currency News - Sterling / CAD

Last week’s high: C$1.6481 Last week’s low: C$1.6094 Hopes for Bank of Canada (BoC) Resilience Fails to Keep Canadian Dollar High Versus Sterling Last week was a heavily bullish one for the Pound to Canadian Dollar exchange rate. Sterling benefitted from relief that Britain was likely not headed for an imminent recession, as well as…(read more)

GBP/CAD Improves as No-Deal Brexit is Challenged

Written by Alastair Archbold on Monday, September 9, 2019. Currency News - Sterling / CAD

Canadian Dollar Buffers Losses as BoC Holds Interest Rates The Pound Canadian Dollar exchange rate edged higher last week as an anti no-deal bill was passed through parliament, buoying optimism in the British economy and easing Brexit fears. Tuesday’s UK Markit Construction PMI for August fell deeper into contraction territory, weighing on market confidence in…(read more)

GBP/CAD Edges Higher as Rebel MPs Attempt to Prevent No-Deal Brexit

Written by Alastair Archbold on Monday, September 2, 2019. Currency News - Sterling / CAD

Last week’s high: CA$1.6362 Last week’s low: CA$1.6154 Canadian Dollar Sinks, UK Cross-Party Resistance to No-Deal Brexit Rises The Pound opened last week up against the Canadian Dollar as the UK BBA mortgage approvals for July exceeded expectations, increasing from 42.775 thousand to 43.342 thousand – the highest level in two years. Meanwhile, opposition leader…(read more)

Steady Canadian Inflation Fails to Weigh Down GBP/CAD Exchange Rate

Written by Alastair Archbold on Monday, August 26, 2019. Currency News - Sterling / CAD

Last week’s high: C$1.6307 Last week’s low: C$1.6050 Better-Than-Expected Inflation Reading Shores up Canadian Dollar The mood towards the Canadian Dollar improved as the Canadian consumer price index unexpectedly held steady at 2% in July. This positive inflation data increases the likelihood of a neutral policy bias from the the Bank of Canada (BOC) in…(read more)

GBP/CAD Exchange Rate Rebounds from Worst Levels

Written by Alastair Archbold on Monday, August 19, 2019. Currency News - Sterling / CAD

Last week’s high: CA$1.618 Last week’s low: CA$1.588 Canadian Dollar Sinks as US-China Trade Tensions Weigh on ‘Loonie’ The Pound edged higher against many of its peers last week after the UK average earning figure for June beat forecasts, rising from 3.6% to 3.8% – the most significant increase in 11 years. UK inflation figures…(read more)

GBP/CAD Fluctuates by Almost 3 Cents

Written by Alastair Archbold on Monday, August 12, 2019. Currency News - Sterling / CAD

Last week’s high: C$1.6215 Last week’s low: C$1.5936 GBP and CAD Weakened by Recession and Bank of Canada (BoC) Speculation Despite spending most of the week attempting to advance, the Pound to Canadian Dollar exchange rate closed out the session in a weaker position. The Canadian Dollar struggled throughout the week as rising US-China trade…(read more)

GBP/CAD Exchange Rate Collapses on No-Deal Brexit Fears

Written by Alastair Archbold on Monday, August 5, 2019. Currency News - Sterling / CAD

Last week’s high: C$1.7610 Last week’s low: C$1.7340 Pound Plunges with No-Deal Brexit Risk The Pound to Canadian Dollar exchange rate struck a 22-month low last week with a sharp sell-off in Sterling at the start of the session prompted by fears the UK government under Boris Johnson might put the country on a path…(read more)

GBP/CAD Exchange Rate Closes Week Lower

Written by Alastair Archbold on Monday, July 29, 2019. Currency News - Sterling / CAD

Last week’s high: CA$1.6432 Last week’s low: CA$1.6261 Canadian Dollar Muted, Oil Rises on Iran Tensions On Monday, Canadian wholesale trade slumped 1.8% in May following five months of gains, which pushed CAD to a nine-day low. Meanwhile, the Pound gained some temporary support as Boris Johnson was elected UK PM – bringing an end…(read more)

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