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Currency News - CAD

GBP/CAD Tumbles as Doubts Cast over May Rate Hike

Written by Alastair Archbold on Monday, April 23, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.8055 Last week’s low: C$1.7761 Possible Delay to BoE Rate Hikes Drives Pound Lower The Pound suffered heavy losses against the Canadian Dollar during last week’s session as Sterling was pressured by doubts whether the Bank of England (BoE) would commit to a rate hike next month. This was the result of…(read more)

GBP/CAD Falls despite Broad Pound Strength

Written by Alastair Archbold on Monday, April 16, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.8082 Last week’s low: C$1.7819 Trade Hopes Keep Canadian Dollar (CAD) Appealing Versus Pound While Bank of England (BoE) interest rate hike bets kept the Pound broadly strong last week, GBP/CAD ultimately ended the week below its opening levels due to Canadian Dollar strength. Investors found the Canadian Dollar appealing due to…(read more)

Solid Canadian Jobs Stats Help Canadian Dollar Hold Weekly Gains

Written by Alastair Archbold on Monday, April 9, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.8174 Last week’s low: C$1.7852 NAFTA Hopes and Canadian Data Push GBP/CAD Lower Despite market hopes for a smoother Brexit process and confidence that the Bank of England (BoE) will hike UK interest rates in May, the Pound to Canadian Dollar exchange rate spent most of last week falling. Canadian Dollar investors…(read more)

GBP/CAD Trends Lower Despite BoE Hinting at May Rate Hike

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

Last week’s high: C$1.8407 Last week’s low: C$1.8153 Hawkish BoE Fails to Support GBP The Pound failed to find any support against the Canadian Dollar last week despite some upbeat UK data and a hawkish outlook following the Bank of England’s latest policy meeting. While markets welcomed the signals from the bank over the possibility…(read more)

GBP/CAD Soars to Best Post-Brexit Levels on US Trade Concerns

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

GBP/CAD Soars to Best Post-Brexit Levels on US Trade Concerns Last week’s high: C$1.8290 Last week’s low: C$1.7740 Weak Canadian Dollar Helps GBP/CAD Reach Best Levels since 2016 Despite Brexit uncertainties weighing on the Pound, the Pound to Canadian Dollar exchange rate saw major gains of over 4 cents last week and on Friday the…(read more)

GBP/CAD Continues to be Rocked by US Trade Tariffs

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

Last week’s high: C$1.8041 Last week’s low: C$1.7758 US Trade Tariff Concerns Fuel Movement in CAD The Canadian Dollar found itself fluctuating against the Pound last week as markets continued to react to Trump’s plans to implement metal tariffs. With Canada being the largest source of US steel imports, this prompted many investors to shy…(read more)

GBP/CAD Fluctuates on Brexit, US Tariff Concerns

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

Last week’s high: C$1.7794 Last week’s low: C$1.76246 Brexit Concerns Undermine Sterling’s Advance While the Pound was ultimately able to advance against the Canadian Dollar last week, it suffered some setbacks along the way due to rising Brexit uncertainty. This was mainly prompted by Theresa May’s rejection of the EU’s draft Brexit agreement, with markets…(read more)

GBP/CAD Dips as Canadian Inflation Rises

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

Last week’s high: C$1.7776 Last week’s low: C$1.7557 Canadian Dollar Gains as Inflation Data Boosts Forecasts As the week drew to a close the Pound Sterling to Canadian Dollar (GBP/CAD) exchange rate fell in reaction to an unexpectedly strong inflation data from Canada. Inflation jumped by 0.7% on the month (rather than the 0.5% expected)…(read more)

GBP/CAD Advances as UK Inflation Holds Steady

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

Last week’s high: C$1.7309 Last week’s low: C$1.7557 Sterling Bolstered by UK Inflation Figures The Pound advanced against the Canadian Dollar last week as the UK published its latest Consumer Price Index (CPI). Sterling sentiment rose as inflation was shown to have held at 3% in January, with markets speculating that this would increase the…(read more)

GBP/CAD Could Fall Further if Brexit Concerns Persist

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

Yesterday’s high: C$1.7659 Yesterday’s low: C$1.7364 GBP/CAD Slips Despite Disappointing Canadian Data Despite a lack of impressive Canadian ecostats in recent weeks, the Pound to Canadian Dollar exchange rate has been unable to advance as Brexit uncertainties and UK growth concerns weigh heavily on the Pound. GBP/CAD trended over a cent below the week’s opening…(read more)

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