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Currency News - CAD

Tensions Keep Oil Prices Bubbling, GBP/CAD Falls Further

Written by Alastair Archbold on Monday, June 17, 2019. Currency News - Sterling / CAD

Last week’s high: C$1.6957 Last week’s low: C$1.6799   Canadian Dollar’s Strong Streak Continues Thanks to Surge in Oil Prices While likely temporary, a surge in oil prices kept the Canadian Dollar climbing against the Pound last week. The Canadian Dollar became more appealing after two oil tankers were allegedly attacked in the Gulf of…(read more)

Impressive Canadian Jobs Data Keeps GBP/CAD near Session Lows

Written by Alastair Archbold on Monday, June 10, 2019. Currency News - Sterling / CAD

Last week’s high: C$1.7131 Last week’s low: C$1.6932 GBP/CAD Sees another Week of Losses despite Sterling’s Attempt to Rebound The Pound put in a stronger performance last week against major currency rivals like the Euro and US Dollar as investors were hesitant to keep selling GBP after its weakness in May. However, Sterling wasn’t able…(read more)

GBP/CAD Falls as Brexit Uncertainty Renews Ahead of June Vote

Written by Alastair Archbold on Monday, May 20, 2019. Currency News - Sterling / CAD

Last week’s high: $1.75123 Last week’s low: $1.71710   Canadian Dollar Remained Sensitive to US-China Trade Developments The Pound (GBP) began the week subdued on a lack of any signs of a compromise emerging from cross-party talks, and with a lack of economic data, Sterling’s potential for gains remained muted. Renewed US-China trade tensions, meanwhile,…(read more)

Revived Brexit Fears Cause GBP/CAD Losses despite Market Risk-Aversion

Written by Alastair Archbold on Monday, May 13, 2019. Currency News - Sterling / CAD

Last week’s high: C$1.7723 Last week’s low: C$1.7492   Bumper Canadian Jobs Report Helps Boost ‘Loonie’ amid US-China Trade Jitters Last week, investors sold the Pound as hopes of a Brexit solution faded and were replaced with fresh UK political uncertainty. As EU elections approach later this month and the ruling Conservative Party is expected…(read more)

GBP/CAD Falls as Hopes Diminish on Cross-Party Brexit Consensus

Written by Alastair Archbold on Tuesday, May 7, 2019. Currency News - Sterling / CAD

Last week’s high: $1.7575 Last week’s low: $1.7358   Canadian Dollar Rises on Cross-Party Brexit Impasse The Pound (GBP) began the first half of last week’s session steady against the Canadian Dollar (CAD) despite Tuesday’s disappointing GfK consumer confidence figures for April, which fell below forecast at -13. Brexit news, too, was in short supply…(read more)

GBP/CAD Exchange Rate Strengthens as BoC Shifts into Neutral

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

Last week’s high: C$1.7499 Last week’s low: C$1.7322   Canadian Dollar Slumps after BoC Drops Interest Rate Hike Reference The mood towards the Canadian Dollar soured significantly in the wake of the Bank of Canada’s (BoC) April policy decision. Although interest rates were left on hold, as expected, investors were caught off guard by the…(read more)

GBP/CAD Exchange Rate Rocked by Ongoing Brexit Uncertainty

Written by Alastair Archbold on Monday, April 8, 2019. Currency News - Sterling / CAD

Last week’s high: C$1.7610 Last week’s low: C$1.7340   Pound Rocked by Brexit Uncertainties Brexit continued to cast a long shadow over the Pound to Canadian Dollar exchange rate last week, with heightened uncertainty driving further volatility in the pairing. This initially saw Sterling spike in the first half of the week after Theresa May…(read more)

GBP/CAD Falls as May’s Brexit Deal is Rejected for Third Time

Written by Alastair Archbold on Monday, April 1, 2019. Currency News - Sterling / CAD

Last week’s high: $1.7784 Last week’s low: $1.7451   Canadian Dollar Rises as Brexit Gloom Weighs on Pound The Pound Canadian Dollar exchange rate fluctuated wildly last week as Brexit took several turns, with MPs rejecting all eight ‘indicative votes’ while Prime Minister Theresa May’s deal was split in two. The first half of the…(read more)

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