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Currency News - CAD

Surge in Canadian Job Market Activity Diminishes BoC Concerns

Written by Alastair Archbold on Monday, December 10, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.7160 Last week’s low: C$1.6731 GBP/CAD Gains Limited by Canadian Data despite Market’s Risk-Aversion Last week turned out to be a busy one for the Canadian Dollar. While there were many unexpected Brexit developments that worsened Brexit uncertainties and left the Pound more volatile, the Pound to Canadian Dollar exchange rate’s movement…(read more)

GBP/CAD Exchange Rate Volatile as BoE Warns of Consequences of No-Deal Brexit

Written by Alastair Archbold on Monday, December 3, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.7054 Last week’s low: C$1.6880 Pound Pressured by Dire Brexit Warns The Pound Canadian Dollar exchange rate was hit by volatility last week as the Bank of England (BoE) release its Brexit analysis, with a warning that a no-deal Brexit could be hugely damaging to the UK economy. This was followed by…(read more)

GBP/CAD Exchange Rate Rallies, UK-EU Post-Brexit Relations Agreed

Written by Alastair Archbold on Monday, November 26, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.7074 Last week’s low: C$1.6861 Pound Lifted by Positive Brexit Progress The Pound Canadian Dollar exchange rate rallied last week as markets cheered the progress made in Brexit negotiations. This was most evident on Thursday as Sterling shot up on the announcement that the UK and EU had reached an agreement outlining…(read more)

GBP/CAD Exchange Rate Sinks on Brexit Volatility

Written by Alastair Archbold on Monday, November 19, 2018. Currency News - Sterling / CAD

Last week’s high: CA$1.7267 Last week’s low:  CA$1.6793 Pound Struck Down by Brexit Turmoil It was a difficult week for the Pound last week as Brexit turmoil threatened to spin out of control, sending Sterling sharply lower against CAD on Thursday following the resignation of two senior ministers. Intra-week the Pound suffered a 2.7% drop…(read more)

GBP/CAD Exchange Rate Driven Higher as Oil Price Craters

Written by Alastair Archbold on Monday, November 12, 2018. Currency News - Sterling / CAD

Last week’s high: CA$1.7243 Last week’s low:  CA$1.6988 Pound Finds Strength against CAD The Pound spent the first half of last week trading in a narrow band against the Canadian Dollar, but appreciated steadily in the second half on hopes that a Brexit deal between the UK and the EU may be imminent. Bank of…(read more)

GBP/CAD Exchange Rate Surges on Brexit Optimism

Written by Alastair Archbold on Monday, November 5, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.7037 Last week’s low: C$1.6661 Pound Soars on Reports of Brexit Progress The Pound Canadian Dollar exchange rate was left in the doldrums throughout the first half of last week’s session as renewed Brexit uncertainty and stronger-than-expected Canadian GDP figures drove the pairing close to a one-month low However the second half…(read more)

Political Turmoil and Canada Rate Hike Causes GBP/CAD to Plummet

Written by Alastair Archbold on Monday, October 29, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.7131 Last week’s low: C$1.6731 Pound to Canadian Dollar Exchange Rate Slumps Two Cents on Brexit Jitters Low levels of risk sentiment limited CAD strength on Friday, but the Pound to Canadian Dollar exchange rate still saw significant losses throughout the week. For most of the week, GBP/CAD moved lower due to…(read more)

Will GBP/CAD Drop on Bank of Canada Rate Hike?

Written by Alastair Archbold on Monday, October 22, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.8560 Last week’s low: C$1.8240 Pound to Canadian Dollar Exchange Rate Losses Seen on Brexit Uncertainty Proving that Brexit fears will always threaten the GBP/CAD exchange rate, the Pound posted steady losses last week despite initially supportive data. There was news that UK wage growth accelerated by more than forecast, but later…(read more)

GBP/CAD Exchange Rate Rise Halted by DUP’s Brexit Blockade

Written by Alastair Archbold on Monday, October 15, 2018. Currency News - Sterling / CAD

Last week’s high: CA$1.7275 Last week’s low: CA$1.6856 Canadian Dollar Suffers Downturn despite Higher Oil Prices The Pound Canadian Dollar exchange rate was on the up for the greater part of last week but was curtailed somewhat towards the end of the session when optimism regarding a Brexit breakthrough faded. After a week of positive…(read more)

Surging Oil Prices Fail to Stop GBP/CAD Exchange Rate Rise

Written by Alastair Archbold on Monday, October 8, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.6927 Last week’s low: C$1.6608 Relief over US-Canada Trade Deal Fails to Buoy Canadian Dollar for Long The Canadian Dollar saw a solid boost at the start of the week after confirmation that the US and Canada had agreed on a replacement for NAFTA and oil prices shot up over the week….(read more)

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