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The Pound to Canadian Dollar exchange rate is extending its downtrend, mainly due to the Candian Dollar strengthening after data showed continued above-expectation economic growth, and the Pound sold off due to Brexit uncertainty.
September 4,2017
A stronger than previously expected rate of growth in Canada could mean the BoC brings forward its next hike, leaving GBP/CAD facing further losses.
September 1,2017
The Canadian Dollar vaulted higher on Thursday after the release of second quarter GDP data confirmed the economy's strong upward trajectory.
September 1,2017
The Pound to Canadian Dollar had been falling reasonably predictably up until it based and reversed on August 24; since then it has bounced strongly higher.
August 30,2017
A widening gap between real interest rates, firmer crude oil prices and an uncertain outlook for the U.K. economy could mean GBP/CAD has further to fall and that shorting it is a good idea for traders.
August 29,2017
The Pound is expected to lose ground against the Canadian Dollar with the result that GBP/CAD will continue falling, due to the diverging policy paths of the two respective central banks.
August 28,2017
The Loonie's strength could see the BoC becoming Fed-dependent and give sterling some breathing space after a crushing three-months.
August 23,2017
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Need Help? WhatsApp me.
Horizon Currency's dealing desk is here to answer any questions you have about the market.
Sam is one of our specialists and can be WhatsApped questions via this link.
