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Currency News - CAD

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)

GBP/CAD Exchange Rate Fluctuates on Brexit, NAFTA Optimism

Written by Alastair Archbold on Monday, October 1, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.7196 Last week’s low: C$1.6926 Pound Rebounds on Upbeat Brexit Outlook The Pound to Canadian Dollar exchange rate got off to a strong start last week, due to some broad Brexit optimism following upbeat remarks from the UK’s Brexit minister Dominic Raab and German Chancellor Angela Merkel on the chances of a…(read more)

Revived Brexit Fear Dominates Currency Markets and Sends GBP/CAD Plummeting

Written by Alastair Archbold on Monday, September 24, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.7174 Last week’s low: C$1.6892 Canadian Dollar Steadies as Core Inflation Unexpectedly Rises After a fairly volatile week, the Pound to Canadian Dollar exchange rate plunged on Friday as fears of a worst-case scenario ‘no-deal Brexit’ were revived. UK Prime Minister Theresa May held a speech on Friday in which she defended…(read more)

GBP/CAD exchange rate Volatile as Brexit, BoE in Spotlight

Written by Alastair Archbold on Monday, September 17, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.7180 Last week’s low: C$1.6926 Pound Mixed Following Brexit, BoE Developments The Pound Canadian Dollar exchange rate was hit by some volatility last week as markets reacted to the latest Brexit news, the Bank of England’s latest policy meeting and a marked rise in oil prices. In terms of Brexit, Sterling found…(read more)

Can Sterling Rise Against the Canadian Dollar on Faster GDP Growth?

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

Last week’s high: C$1.7105 Last week’s low: C$1.6800 High Hopes for Brexit Deal Boosts GBP/CAD Exchange Rate Last Week The Pound made stop-and-start gains against the Canadian Dollar last week, opening trading at CA$1.6879 and closing higher at CA$1.7041. A higher UK services PMI provided some support, but the main drivers of GBP demand were…(read more)

Will GBP/CAD Rise Further on Strong Services PMI?

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

Last week’s high: C$1.6945 Last week’s low: C$1.6600 GBP/CAD Recap: Pound Sterling Boosted by Brexit Optimism The Pound performed well against the Canadian Dollar last week, rising from an opening exchange rate of C$1.6731 on Monday to close around C$1.6927 on Friday. This appreciation was triggered by fresh hopes for a functional Brexit deal, fuelled…(read more)

GBP/CAD Volatile on Trade Developments

Written by Alastair Archbold on Tuesday, August 28, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.6839 Last week’s low: C$1.6623 Pound’s Gains Trimmed by Brexit Uncertainty While the Pound Canadian Dollar exchange rate initially ticked higher last week, ongoing Brexit jitters kept Sterling restrained. The pairing surged in first half of the week on the back of Brexit Secretary Dominic Raab’s confidence that the UK could reach…(read more)

GBP/CAD Gives Up Recovery as Canadian Inflation Jumps

Written by Alastair Archbold on Monday, August 20, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.6808 Last week’s low: C$1.6597 Canadian Inflation Bolsters Canadian Dollar Demand Towards the end of last week, the Pound to Canadian Dollar exchange rate began to recover most of the week’s losses as oil prices fell and the Pound was supported by the latest UK data. Thursday saw the publication of Britain’s…(read more)

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