Big support zones hint at limited downside for GBPCAD, but inflation figures on either side of the Atlantic will have the final say.
December 18,2023
The Canadian Dollar's recent run of strength is not built on a strong economic bedrock and a dovish tilt from the Bank of Canada will put the currency under pressure during 2024.
December 12,2023
GBPCAD is cooling off from its strong November rally, and the risk of further downside over the coming days is elevated.
December 11,2023
The Bank of Canada inched closer towards a pivot in monetary policy after it welcomed a recent fall in inflation and declared the economy had reached an equilibrium in supply and demand.
December 7,2023
GBPCAD upward channel still intact, USDCAD tipped lower by Commonwealth Bank.
December 4,2023
GBPCAD could hit 2023 peak soon, but could struggle to extend beyond. USDCAD still pointed lower.
November 27,2023
GBPCAD has cemented itself above the 1.71 area, and a new analysis from one of Canada's most recognisable banks says the uptrend should be favoured to extend.
November 24,2023
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