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Currency News - CAD

Pound Struggles to Recover against Resurgent Canadian Dollar

Written by Alastair Archbold on Monday, July 2, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.7690 Last week’s low: C$1.7330 GBP/CAD Tumbles on Bank of Canada (BoC) Bets and Canadian Growth Support While some UK growth data did beat expectations last week, the Pound was ultimately unable to hold any recovery against a resurgent Canadian Dollar, and the Pound to Canadian Dollar exchange rate ended the week…(read more)

Canadian Dollar Tumbles on Weak Canadian Data and Trade War Jitters

Written by Alastair Archbold on Monday, June 18, 2018. Currency News - Sterling / CAD

Last week’s high: C$1.7497 Last week’s low: C$1.7316 Trade Jitters make it Easier for Pound to Canadian Dollar Exchange Rate to Rally A combination of domestic and global factors made the Canadian Dollar look unappealing to investors last week, making it easier for even a weakened Pound to sustain notable gains against the ‘Loonie’. While…(read more)

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)

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