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Pound Canadian Dollar forecast - GBP CAD

A round up of the latest Pound Canadian Dollar forecast news items from the Currency News desk.

LIVE EXCHANGE RATE 06:57:19 Pound Canadian Dollar Rate »
GBP/CAD +0 Days Low Days High Last Daily
1.8505 ▲ +0.02% 1.84919 1.85137 1.85019

Canadian Dollar Resilient on Trade War Inflation Fears, BoC Cuts Rates to 2.75%

12 Mar 2025 at 9 PM - Written by David Woodsmith

STORY LINK Canadian Dollar Resilient on Trade War Inflation Fears, BoC Cuts Rates to 2.75%

The Bank of Canada (BoC) warning over inflation was slightly more hawkish than expected and provided some Canadian dollar support after the latest interest rate cut, although trading conditions remained volatile given the on-going trade war with the US. According to Governor Tiff Macklem "We ended 2024 on a solid economic footing. But...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts

Pound Close to Eight-Year Best vs Canadian Dollar as Carney New PM

10 Mar 2025 at 5 PM - Written by Tim Boyer

STORY LINK Pound Close to Eight-Year Best vs Canadian Dollar as Carney New PM

Newly-elected Canadian Prime Minister Carney has pledged to take the fight to US President Trump over trade tariffs. The Bank of Canada will face a tough decision this week and trade stresses will inevitably trigger further currency volatility. The Pound to Canadian dollar (GBP/CAD) exchange rate is trading close to 1.8585 and just...

CATEGORIES: Pound Canadian Dollar Forecasts

Trumps Tariffs Send Pound to Eight Year Best Exchange Rate Against Canadian Dollar

4 Mar 2025 at 10 AM - Written by David Woodsmith

STORY LINK Trumps Tariffs Send Pound to Eight Year Best Exchange Rate Against Canadian Dollar

Canadian dollar (CAD) exchange rates dipped sharply against the Pound and Euro after President Trump announced that tariffs on Canadian imports would go ahead. The Pound Sterling has held firm on hopes that the UK will not be the firing line. The overall reaction to tariffs being imposed has been measured, but the Pound to Canadian...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound to Canadian Dollar Rate Hits 3-Week Best as US Tariffs Dominate

27 Feb 2025 at 9 AM - Written by Tim Boyer

STORY LINK Pound to Canadian Dollar Rate Hits 3-Week Best as US Tariffs Dominate

Geopolitical developments and trade rhetoric will remain key influences in the outlook for the Canadian Dollar and US Dollar in the short term. US tariffs will be very important in the short term with 25% tariffs on imports from Mexico and Canada due to come in on March 4th. The Pound to Dollar exchange rate (GBP/USD) has been held...

CATEGORIES: Pound Canadian Dollar Forecasts

Pound to Canadian Dollar Outlook: GBP/CAD Sinks After Strong Canadian Jobs Data

12 Jan 2025 at 8 PM - Written by David Woodsmith

STORY LINK Pound to Canadian Dollar Outlook: GBP/CAD Sinks After Strong Canadian Jobs Data

The Canadian dollar strengthened after stronger than expected Canadian jobs data. Higher US bond yields also triggered another round of Pound selling in global markets. In this environment, the Pound to Canadian dollar (GBP/CAD) exchange rate dipped to 6-week lows at 1.7600 before stabilising. The latest Canadian labour-market...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to CAD Exchange Rate Jumps on Trump’s Tariff Threat Against Canada

27 Nov 2024 at 8 AM - Written by Frank Davies

STORY LINK GBP to CAD Exchange Rate Jumps on Trump’s Tariff Threat Against Canada

In comments overnight, US President-elect Trump stated that he would impose tariffs on Canada. Mexico and China on the first day of taking office in January. The Canadian dollar posted sharp losses in global markets and the Pound to Canadian dollar exchange rate (GBP/CAD) surged. From 3-month lows below 1.7500 posted late last week,...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP/CAD Exchange Rate Posts 6-Month Highs on UK Budget Hopes

7 Mar 2024 at 9 AM - Written by Frank Davies

STORY LINK GBP/CAD Exchange Rate Posts 6-Month Highs on UK Budget Hopes

The Canadian dollar has been unable to make any headway in March amid concerns over the domestic economic outlook as higher interest rates bite. The Pound has held firm in global markets on hopes for a UK recovery. In this context, the Pound to Canadian dollar (GBP/CAD) exchange rate has hit 6-month highs just below the 1.7300 level on...

CATEGORIES: Pound Canadian Dollar Forecasts

US Canadian Dollar Rate Outlook: "USD/CAD to find good demand below 1.34 mark" say ING

25 Jan 2024 at 8 AM - Written by John Cameron

STORY LINK US Canadian Dollar Rate Outlook: "USD/CAD to find good demand below 1.34 mark" say ING

Bank of Canada Drops Talk of Higher Interest Rates, GBP/CAD Exchange Rate Hits 7-Week Highs The Bank of Canada held interest rates at 5.00% following the latest council meeting, in line with consensus forecasts. The bank provided no clear guidance on rates, but the Canadian dollar lost ground as the bank statement dropped references...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts

GBP/CAD Outlook: Pound Sterling Tests One-Month Best Against Canadian Dollar

16 Jan 2024 at 8 AM - Written by Ben Hughes

STORY LINK GBP/CAD Outlook: Pound Sterling Tests One-Month Best Against Canadian Dollar

The Canadian dollar (CAD) was undermined by a weaker Bank of Canada (BoC) survey on Monday with businesses reporting increased recession risks. The Pound to Dollar (GBP/CAD) exchange rate strengthened to 1-month highs at 1.7120 before settling just above 1.7100. The US Dollar to Canadian dollar (USD/CAD) Exchange rate advanced to near...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts

Canadian Dollar Underpinned by Jump in Oil Prices

19 Dec 2023 at 9 AM - Written by David Woodsmith

STORY LINK Canadian Dollar Underpinned by Jump in Oil Prices

GBP/CAD Exchange Rate Dips to 5-Week Lows Higher oil prices helped underpin the Canadian dollar on Monday and markets remain confident over Federal Reserve rate cuts in the first half of 2024. The US Dollar to Canadian dollar (USD/CAD) exchange rate dipped to 4-month lows at 1.3350 before a recovery to 1.3400. The Pound to Canadian...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts

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