Foremost Currency Group

Make the most of your currency

Talk to our friendly team:+44 (0)1442 892060

Currency News - CAD

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)

Canadian Dollar Falters as Inflation and Retail Sales Fall Short

Written by Alastair Archbold on Monday, July 22, 2019. Currency News - Sterling / CAD

Last week’s high: C$1.6413 Last week’s low: C$1.6167 Retail Sales Slump Dents CAD Exchange Rates A surprise contraction in Canadian retail sales defied forecasts of a modest acceleration on the month and saw CAD exchange rates falter ahead of the weekend. This latest sign of weakening confidence within the Canadian economy left the Canadian Dollar…(read more)

GBP/CAD Touches Multi-Year Lows as CAD Rally Continues

Written by Alastair Archbold on Monday, July 15, 2019. Currency News - Sterling / CAD

Last week’s high: C$1.6415 Last week’s low: C$1.6323 Canadian Dollar Continues to Climb Despite Bank of Canada Comments The GBP/CAD exchange rate spent much of last week trading at some of its worst levels since 2017. The Pound did derive a bit of support from the Bank of England’s (BoE) latest financial stability report, in…(read more)

Worst Levels Since 2017 for Tumbling Pound to Canadian Dollar Exchange Rate

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

Last week’s high: C$1.6662 Last week’s low: C$1.6391 Canadian Dollar Rally Persists on Bank of Canada Expectations Last week was another bullish one for the Canadian Dollar, which has seen weeks of consecutive gains versus a broadly weak Pound and has remained one of the most appealing major currencies. Various factors are keeping the Canadian…(read more)

GBP/CAD Exchange Rate Flat despite Better than Expected Canadian GDP

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

Last week’s high: CA$1.6838 Last week’s low:  CA$1.6589 Canadian Dollar Muted despite Growth Improvement At the start of the week the Pound Canadian Dollar (GBP/CAD) exchange rate fell as no-deal Brexit fears continued to weigh on GBP. On Tuesday, Canadian wholesale sales jumped to a higher-than-forecast 1.7% in April, with sales up in five out…(read more)

GBP/CAD Exchange Rate Loses Ground after Oil Prices Surge

Written by Alastair Archbold on Monday, June 24, 2019. Currency News - Sterling / CAD

Last week’s high: C$1.6928 Last week’s low: C$1.6681 Rising Canadian Inflation Boosts CAD A stronger-than-expected uptick in May’s Canadian Consumer Price Index offered a boost to CAD exchange rates on Wednesday. With the headline inflation rate comfortably exceeding the Bank of Canada’s (BoC) 2% target, clocking in at 2.4%, the chances of another imminent interest…(read more)

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)

© Copyright 2013 to 2019 | Foremost Currency Group Ltd | All rights reserved