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At the time of writing the GBP/CAD exchange rate is currently trading at around CA$1.7243. Pound (GBP) Exchange Rate Rebounds on Success of UK Vaccine Rollout The Pound has rebounded against the Canadian Dollar this afternoon though coronavirus concerns and a general weakness surrounding the currency have limited any significant gains. Whilst the economic outlook for the Pound remains positive, a lack of any fresh developments from the UK regarding the coronavirus situation has kept Sterling unappealing. Though today it has been reported that those over the age of 30 will be able to book in f...

April 9, 2021 - Written by John Cameron The Pound to Australian Dollar (GBP/AUD) exchange rate has strengthened this morning after the latest Reserve Bank of Australia’s (RBA) stability review casted doubts over the Australian economy. At the time of writing the GBP/AUD pairing are currently trading at around AU$1.7998 as a more cautious market mood weighs on the Australian Dollar. Pound (GBP) Steady after UK’s Use of Moderna puts UK Vaccine Rollout Back on Track The Pound has found support from the UK’s ongoing vaccine rollout to combat the coronavirus. The second stage of England’...

March 9, 2021 - Written by John Cameron The Pound to Euro exchange rate dipped this morning as fresh concerns over the state of the UK’s economy pushes Sterling down. At the time of writing the GBP/EUR exchange rate is currently trading at around 1.1650, as a report published from Aston University showed the showed the extent of the decrease in the UK’s goods exports in 2020. Pound Sterling (GBP) Exchange Rates Stumble over Trade Concerns The Pound stumbled this morning after a report published yesterday revealed that UK goods exports plummeted by £54bn in 2020, causing concern over the ...

February 5, 2021 - Written by John Cameron Despite stronger than expected Swedish data today, the Swedish Krona’s bearish streak continues, and the British Pound to Swedish Krona (GBP/SEK) exchange rate has been able to capitalise on that this week. Investors piled into the Pound on Bank of England (BoE) news yesterday, making it even easier for the bullish Pound to sustain big gains against the bearish Swedish Krona over the past week. It’s been another broadly bullish week for GBP/SEK. The pair opened the week at the level of 11.45 and has spent the week trending with an upside bias.

At the time of writing the pair is currently trading at around $1.7550. Pound (GBP) Muted as Bank of England Holds Interest Rates The Pound was muted against the Canadian Dollar today following on from Thursday’s Bank of England (BoE) February policy decision. As expected, the bank left rates unchanged at 0.1% and lowered its 2021 Q1 growth forecasts. The more upbeat news for investors, however, was the downplaying of potential negative interest rates. Although banks were told to prepare for the possibility of negative rates within six months, the BoE clarified they were not imminent. The...