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Currency News - CAD

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)

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)

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