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Currency News - CAD

Can Sterling Rise Against the Canadian Dollar on Faster GDP Growth?

Written by Alastair Archbold on Monday, September 10, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.7105 Last week’s low: C$1.6800 High Hopes for Brexit Deal Boosts GBP/CAD Exchange Rate Last Week The Pound made stop-and-start gains against the Canadian Dollar last week, opening trading at CA$1.6879 and closing higher at CA$1.7041. A higher UK services PMI provided some support, but the main drivers of GBP demand were…(read more)

Will GBP/CAD Rise Further on Strong Services PMI?

Written by Alastair Archbold on Monday, September 3, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.6945 Last week’s low: C$1.6600 GBP/CAD Recap: Pound Sterling Boosted by Brexit Optimism The Pound performed well against the Canadian Dollar last week, rising from an opening exchange rate of C$1.6731 on Monday to close around C$1.6927 on Friday. This appreciation was triggered by fresh hopes for a functional Brexit deal, fuelled…(read more)

GBP/CAD Volatile on Trade Developments

Written by Alastair Archbold on Tuesday, August 28, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.6839 Last week’s low: C$1.6623 Pound’s Gains Trimmed by Brexit Uncertainty While the Pound Canadian Dollar exchange rate initially ticked higher last week, ongoing Brexit jitters kept Sterling restrained. The pairing surged in first half of the week on the back of Brexit Secretary Dominic Raab’s confidence that the UK could reach…(read more)

GBP/CAD Gives Up Recovery as Canadian Inflation Jumps

Written by Alastair Archbold on Monday, August 20, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.6808 Last week’s low: C$1.6597 Canadian Inflation Bolsters Canadian Dollar Demand Towards the end of last week, the Pound to Canadian Dollar exchange rate began to recover most of the week’s losses as oil prices fell and the Pound was supported by the latest UK data. Thursday saw the publication of Britain’s…(read more)

GBP/CAD Nosedives on Fears a ‘No-deal’ Brexit is Inevitable

Written by Alastair Archbold on Monday, August 13, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.6924 Last week’s low: C$1.7226 Pound Bombs as Brexit Uncertainty Grows The Pound Canadian Dollar exchange rate suffered its fifth consecutive week of losses last week as Sterling was met by a heavy sell-off following suggestions the UK could be headed towards a ‘no-deal’ Brexit. Not even a rebound in the UK’s…(read more)

GBP/CAD Slumps as BoE Rate Hike Fails to Inspire Sterling

Written by Alastair Archbold on Monday, August 6, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.7402 Last week’s low: C$1.7226 Pound Plunges as BoE Signals August Rate Hike Unlikely to be Repeated Any Time Soon The Pound Canadian Dollar exchange rate tumbled to a new seven-month low last week following the Bank of England’s latest Policy meeting. While the bank voted unanimously to raise interest rates this…(read more)

GBP/CAD Slides as Brexit Uncertainty Weighs on Sentiment

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

Last week’s high: C$1.7402 Last week’s low: C$1.7226 Canadian Dollar Bolstered by Rising Oil Prices, Trade Optimism The Pound Canadian Dollar exchange rate started last week’s session on a fairly stable footing, with Theresa May’s decision to take personal control of Brexit negotiations and renewed confidence that the Bank of England (BoE) will raise interest…(read more)

GBP/CAD Slumps as UK Data Raises Doubts over BoE Rate Hike

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

Last week’s high: C$1.7402 Last week’s low: C$1.7226 Sterling Sentiment Sours on Gloomy UK Data The Pound Canadian Dollar exchange rate was hit with heavy losses last week, falling as much as two cents at times following a run of weak data from the UK. This included the UK’s latest wage growth, inflation and retail…(read more)

Stable Oil and a Brief Risk-Rally Leaves Canadian Dollar Stronger

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

Last week’s high: C$1.7473 Last week’s low: C$1.7304 GBP/CAD Falls as Canadian Dollar Takes Advantage of Pound Weakness While the Canadian Dollar has seen little in the way of support from domestic data lately, the Pound to Canadian Dollar exchange rate still tumbled last week. Pound weakness on Brexit uncertainties, as well as a brief…(read more)

Trade Jitters and Weak Canadian Data Cause Weekly Gains for GBP/CAD

Written by Alastair Archbold on Monday, July 9, 2018. Sterling / CAD

Last week’s high: C$1.7433 Last week’s low: C$1.7291 GBP/CAD Gains Limited by Brexit Jitters despite Canadian Dollar Plunge If it wasn’t for some underwhelming Canadian data on Friday, the Pound to Canadian Dollar exchange rate may have seen much less movement last week. Demand for the Pound was curtailed in the latter half of the…(read more)

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