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Currency News - CAD

GBP/CAD Exchange Rate Regains Losses on UK Retail Sales Boost

Written by Alastair Archbold on Monday, February 18, 2019. Currency News - Sterling / CAD

Last week’s high: CA$1.7192 Last week’s low:  CA$1.6980   Canadian Dollar Rises on Lowered Global Risk Sentiment Last week saw the Pound Canadian Dollar (GBP/CAD) exchange rate slide, with data showing that UK GDP had hit a six-year low, expanding by only 1.4%. US-China trade discussions in Beijing began, with the ‘Loonie’ gaining support from…(read more)

GBP/CAD Exchange Rate Tumbles as No-Deal Risks Rise

Written by Alastair Archbold on Monday, February 4, 2019. Currency News - Sterling / CAD

Last week’s high: C$1.7489 Last week’s low: C$1.7156   Pound Knocked by No-Deal Brexit Fears The Pound to Canadian Dollar exchange rate fell sharply last week as Sterling reeled due to fears of a no-deal Brexit being reignited after MPs rejected an amendment that sought to extend Article 50. Placing further pressure on GBP exchange…(read more)

GBP/CAD Exchange Rate Slips as Brexit Tensions Mount

Written by Alastair Archbold on Monday, January 28, 2019. Currency News - Sterling / CAD

  Last week’s high: CA$1.7514 Last week’s low: CA$1.7055   Canadian Dollar Weighed Down by US-Sino Tensions and Poor Retail Sales Last Tuesday the Pound Canadian Dollar (GBP/CAD) exchange rate rallied as employment in the UK reached a record high and the number of people looking for work fell to 4%, a 40-year low. Wage…(read more)

GBP/CAD Exchange Rate Slips as Canadian Inflation Rises

Written by Alastair Archbold on Monday, January 21, 2019. Currency News - Sterling / CAD

Last week’s high: CA$1.7269 Last week’s low: CA$1.6876   Canadian Dollar Boosted by Impressive Inflation Last week saw the Canadian Dollar (CAD) jump against the Pound in the hours leading up to the Brexit vote in the UK Parliament on Tuesday. After Theresa May’s historic loss in Parliament, the Pound fought back, as markets believed…(read more)

Higher Oil Prices and US-China Trade Hopes Limit GBP/CAD Recovery

Written by Alastair Archbold on Monday, January 14, 2019. Currency News - Sterling / CAD

Last week’s high: C$1.7055 Last week’s low: C$1.6774   Canadian Dollar Benefits from Risk-Sentiment amid Brexit Uncertainties Keeping Pressure on Sterling The Pound to Canadian Dollar spent most of last week tumbling, but put in a notable recovery before markets closed for the week in response to the latest Brexit speculation. Demand for Sterling was…(read more)

GBP/CAD Exchange Rate Falls as Oil Prices Rise

Written by Alastair Archbold on Monday, January 7, 2019. Currency News - Sterling / CAD

Last week’s high: CA$1.7485 Last week’s low: CA$1.7008 Canadian Dollar Takes Advantage of a Weak Sterling Despite Stagnating Sales The Pound Sterling Canadian Dollar (GBP/CAD) exchange rate slid last week as less-than-inspiring UK data weighed on GBP and a recovery in oil prices boosted the Canadian Dollar. The Canadian Dollar retained gains against the Pound…(read more)

GBP/CAD Exchange Rate Jumps as Brent Crude Strikes One-Year Low

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

Last week’s high: C$1.7157 Last week’s low: C$1.6787 CAD Laid Low By Rout in Oil Prices The Pound Canadian Dollar exchange rate roared higher last week, advancing roughly three cents as the oil-sensitive ‘Loonie’ came under considerable pressure amid a rout in oil prices that saw Brent crude strike a new on-year low. Adding to…(read more)

Signs of Slowing Canadian Economy Fail to Shore up GBP/CAD Exchange Rate

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

Last week’s high: C$1.6988 Last week’s low: C$1.6713 Underwhelming Canadian Data Limits GBP/CAD Exchange Rate Downside As the Canadian housing market continued to show signs of weakness the mood towards the Canadian Dollar soured. CAD exchange rates also came under pressure as a result of a disappointing third quarter capacity utilisation rate, which unexpectedly slumped…(read more)

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)

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