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Currency News - CAD

GBP/CAD Falls from Best Levels as Brexit Jitters Persist

Written by Alastair Archbold on Monday, June 11, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.7469 Last week’s low: C$1.7205   Pound Fails to Hold Best Levels despite Canadian Jobs Market Misses The Pound to Canadian Dollar exchange rate put in gains last week, but was unable to hold its best levels as Brexit uncertainties persisted and limited Pound demand towards the end of the week. Sterling…(read more)

Will GBP/CAD Tumble on Slower UK Services Sector?

Written by Alastair Archbold on Monday, June 4, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.7327 Last week’s low: C$1.7066 Late-Week Gains for GBP/CAD on UK Manufacturing Stats Last week saw no real shift in the GBP/CAD exchange rate – the Pound opened around C$1.7268 and despite a midweek dip closed trading close to the same level. A UK manufacturing sector reading for May pushed the Pound…(read more)

Pound to Canadian Dollar Recovery Limited by Poor UK Ecostats

Written by Alastair Archbold on Tuesday, May 29, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.7365 Last week’s low: C$1.7123 Canadian Dollar Gains versus Sterling Despite Weaker Oil Prices The Pound to Canadian Dollar exchange rate recovered from its worst levels towards the end of last week, but still saw losses overall as the Pound was held back by poor UK data. Brexit uncertainties, as well as…(read more)

GBP/CAD Fluctuates as Oil Rises, UK Pay Squeeze Ends

Written by Alastair Archbold on Monday, May 21, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.7402 Last week’s low: C$1.7226 Canadian Dollar Buoyed by Soaring Oil Prices The Pound Canadian Dollar exchange rate experienced volatility this week amid a jump in oil prices which saw Brent crude break past $80 a barrel, lending support to the ‘Loonie’. Also driving movement in the pairing this week was the…(read more)

GBP/CAD Slide Continues Unabated as BoE Leaves Interest Rates on Hold

Written by Alastair Archbold on Monday, May 14, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.7563 Last week’s low: C$1.7227 Sterling Sentiment Suffers as Soft UK Data Causes BoE to Delay Rate Hike The Pound suffered its fourth consecutive week of losses against the Canadian Dollar during last week’s session, with the pairing’s losses being mostly driven by the Bank of England’s (BoE) latest policy meeting. The…(read more)

GBP/CAD Tanks as Bank of England (BoE) Interest Rate Hike Bets Fall

Written by Alastair Archbold on Monday, April 30, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.7980 Last week’s low: C$1.7698 Poor UK Growth Data Causes Pound to Canadian Dollar Exchange Rate Selloff The Pound to Canadian Dollar exchange rate initially saw modest gains last week, but following Friday’s disappointing UK growth projections the Pound plunged and GBP/CAD ended the week lower. As UK GDP growth came in…(read more)

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)

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