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The Pound could be reversing trend and beginning a substantial correction against the Canadian Dollar, according to what charts are indicating.
August 1,2017
The Canadian Dollar was seen outperforming its rivals on July 28 following the release of economic growth data that easily put expectations in the shade.
July 28,2017
The downtrend is expected to continue with confirmation coming from a break below 1.6232 and downside target at 1.6100. However, the prospect of a period of short-term relief is also elevated.
July 24,2017
After a strong month CAD could be over extended, says JP Morgan's Daniel P. Hui
July 19,2017
The Pound to Canadian Dollar pair is now firmly in a downtrend as the Bank of Canada (BOC) moves closer to raising interest rates whilst the Bank of England (BOE) remains divided and Sterling undermined by Brexititus.
July 17,2017
In a widely-expected move the Bank of Canada has raised its basic interest rate by 0.25% to take the overall rate to 0.75% ensuring the Canadian Dollar remains one of the best-performing currencies in global FX.
July 13,2017
The Pound to Canadian Dollar has fallen from 1.7800 highs set in May to its current 1.6688 level driven by increased expectations that the Bank of Canada (BOC) might start to tighten monetary policy, which has helped strengthen the Canadian part of the pairing.
July 12,2017
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Horizon Currency's dealing desk is here to answer any questions you have about the market.
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