The Great Britain pound versus the Canadian dollar currency pair is in an appreciation that seems to withstand the bearish attempts that were put into play until now.
Great Britain Pound GBP
Detailed information and fundamental factors
Central Bank: Bank of England
Interest Rate: 0.75%
Public Debt to GDP Ratio, 2017: 90.4%
Trade Balance, 2018: -$41.3 bln.
Inflation, 2018: 2.3%
Supporting Factors
Global reserve currency
medium
Currency of international trade
weak
Factors of Weakness
United Kingdom's exit from the European Union
strong
The Great Britain pound sterling (usually called simply “pound” or “sterling”) is the currency used in the United Kingdom and in British territories. Banknotes were introduced following the creation of the Bank of England in 1694, but the history of the currency can be traced long before that, making the pound the oldest world currency that is still in use. The sterling was the most important currency in the world before the World War I. After the World War II had broken out, several countries (for the most part those that belonged to the British Empire) either introduced the pound as their own currency, or pegged their currencies to the sterling. These countries have become know as the sterling area. The importance of the UK currency and the sterling was diminished after the pound was allowed to float freely in 1972. Subsequently, the role of the major world medium of exchange passed to the US dollar. It is still the fourth most traded currency after the dollar, the euro and the yen. The pound is also used as a reserve currency.
Great Britain Pound News Archive
Can GBP/CAD Push Even Higher?
November 19, 2019 at 8:11 Canadian Dollar, Great Britain Pound, Technical Analysis
Pound Rallies as Boris Johnson Maintains Lead in Elections Race
November 18, 2019 at 18:24 Great Britain Pound
The Sterling pound today rallied higher against the weaker US dollar as Boris Johnson held on to his lead in opinion polls ahead of the December elections. The GBP/USD currency pair rallied higher despite Johnson backtracking on his initial election pledge to cut corporate taxes.
Pound Rallies as Farage Gives Up More Seats to Boost Tory Majority
November 15, 2019 at 16:21 Great Britain Pound
The Sterling pound today rallied to new 8-day highs against the US dollar after Nigel Farage surrendered a further 43 seats increasing the chances of a Tory majority government. The GBP/USD currency pair had traded with a bearish bias for most of today’s session and was at breakeven before the announcement after which it spiked higher.
Pound Rallies Against Weak Dollar Despite Poor UK Retail Sales
November 14, 2019 at 20:19 Great Britain Pound
The Sterling pound today rallied against the US dollar during the American session as the Fed Chair Jerome Powell testified before the House budget committee. The GBP/USD currency pair spiked higher from a consolidative phase during this period despite the weak UK retail sales data released earlier today.
GBP/AUD Consolidating for the Next Target: 1.0950
November 13, 2019 at 8:38 Australian Dollar, Great Britain Pound, Technical Analysis
The Great Britain pound versus the Australian dollar currency pair consolidates after exiting a pattern that points to the continuation of the upward movement.
Pound Rallies on Farage’s Election Concession Despite Weak GDP
November 11, 2019 at 17:14 Great Britain Pound
The British pound today rallied against the US dollar after Nigel Farage confirmed his support for the Conservative Party raising hopes about Brexit. The GBP/USD currency pair rallied to new 4-day highs on the political headlines despite the release of multiple weak UK macro reports.
Pound Whipsaws on UK and US Releases as General Election Looms
November 1, 2019 at 16:18 Great Britain Pound
The Sterling pound today traded sideways against the US dollar as UK political parties started campaigning in readiness for the UK December 12 elections. The GBP/USD currency pair had a muted reaction to the upbeat Markit/CIPS UK manufacturing PMI data but fell on the robust US non-farm payrolls report before rallying higher after later US releases.
GBP/CAD Correcting from 1.6986
October 24, 2019 at 10:40 Canadian Dollar, Great Britain Pound, Technical Analysis
The Great Britain pound versus the Canadian dollar currency pair reached the important level of 1.6986, an area from where two outcomes are possible.
Pound Falls Then Recovers as Brexit Deal Debate Is Paused
October 23, 2019 at 19:28 Great Britain Pound
The Sterling pound today fell against the US dollar during the Asian session as investors digested the mixed results of yesterday’s crucial Brexit vote. The GBP/USD currency pair later rallied to trade at break-even in the London and New York sessions as investors waited for the EU’s response to the UK’s extension request.
Pound Falls as Investors Take Profits Ahead of Key Brexit Vote
October 22, 2019 at 18:03 Great Britain Pound
The Sterling pound today fell against the US dollar as investors closed most of their profitable trades ahead of a crucial vote on the Brexit deal later today. The GBP/USD currency pair fell to its daily lows in the early American session before bouncing back as the vote drew closer.