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Currency News - CAD

GBP/CAD Rises after Trudeau Trouble and Shock Canadian GDP Figures

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

Last week’s high: $1.7546 Last week’s low: $1.7130   Canadian Dollar Struggles as Justin Trudeau Faces Political Scandal The Pound Canadian Dollar exchange rate gained this week on Brexit optimism following Prime Minister Theresa May’s concessions on providing MPs with powers to extend Article 50. The first half of the session was bolstered by May’s…(read more)

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)

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