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GBP/CAD has had a strong run of late, but last week we saw some selling pressure mount amidst a correction from overbought conditions.
June 3,2024
The Canadian Dollar has endured a widespread selloff against many of its G10 peers in recent days amidst heightened expectations that the Bank of Canada will cut interest rates next month, but selling pressure can ease this week.
May 28,2024
An under-pressure Canadian Dollar could recover if market expectations for a June interest rate cut at the Bank of Canada fade in favour of the first cut falling in July.
May 24,2024
The Canadian Dollar fell against its G10 peers and was bracing for a new three-year low against the Pound after inflation numbers effectively pulled the trigger on a June interest rate cut.
May 21,2024
The Canadian Dollar forecast for the week ahead shows better prospects for advance against the U.S. Dollar but vulnerabilities against the Pound and Euro.
May 20,2024
Royal Bank of Canada says it has once again lowered its forecast profile for the Canadian Dollar.
May 14,2024
The Pound and Canadian Dollars find themselves in similar positions: both currencies have been weighed down of late by the suspicion their respective central banks are going to cut interest rates in June.
May 13,2024
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