The Pound to Canadian Dollar is leaning on support from a major trendline after pulling back from its 1.7100 highs. Will the Exchange hold and recover; or will it break down?
November 24,2016
The intact uptrend and bearish outlook, particularly for the Canadian Dollar, favours a recovery over the coming five days, although technicals are weakening.
November 21,2016
After rallying strongly GBP/CAD has pulled back to the 50-Day Moving Average, as it regroups and consolidates.
November 18,2016
Inflation data in the UK and Canada are likely to be the main drivers of the currencies this week.
November 15,2016
The Pound to Canadian Dollar looks to extend recent gains but we are wary of anything to do with CAD this week owing to the US presidential election.
November 8,2016
From a current level of 1.6395, the Pound to Canadian Dollar is expected to recover during 2017 and end the year at 1.8400, due to a defensive Bank of England.
November 2,2016
The Canadian Dollar benefits from a more robust central bank outlook whilst the Pound looks the more vulnerable as a result of Brexit uncertainty.
November 1,2016
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