The Canadian Dollar extended a streak of underperformance following the release of inflation data which underscored market expectations that the next move at the Bank of Canada will be a rate cut.
November 21,2023
Any rebound in oil prices combined with an upside surprise in Canadian inflation data could offer the Canadian Dollar some support against the Pound and U.S. Dollar over the coming days.
November 20,2023
GBPCAD is in a near-term uptrend that can continue to extend, provided this week's inflation data out of the UK and U.S. don't throw up significant surprises.
November 13,2023
The Pound to Canadian Dollar exchange rate (GBPCAD) has been trending higher since late September and technical studies suggest progress can continue until the 1.70/1.71 area.
November 9,2023
The Bank of Canada is marching towards its first interest rate cut, and this will keep the Canadian Dollar on the back foot until the second half of 2024, according to a new currency research note from one of Canada's biggest banks.
November 8,2023
GBPCAD can extend higher over the coming days, aided by increasing expectations for Bank of Canada interest rate cuts and a falling U.S. Dollar.
November 6,2023
The Canadian Dollar fell against all its G10 peers - apart from the U.S. Dollar - after official data revealed Canada's job market continued to loosen in October and lower the odds of another Bank of Canada rate rise.
November 6,2023
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