Sterling showed remarkable resilience versus the Canadian dollar on Thursday despite the latter gaining support from a rally in crude oil, and data still showing a trade surplus in foreign portfolio flows.
August 19,2016
The charts are showing a continued breakdown in the GBP/CAD pair as negative commentary and lacklustre data appear to be casting a shadow over sterling, whilst a stabilization in the price of oil and continued investor appetite for high yielding commodity currencies is helping the Canadian dollar stay strong.
August 12,2016
The GBP/CAD pair broke lower after the Bank of England (BOE) decided to cut rates and boosted QE at their August meeting, however, gains were offset by the release of poor payrolls data from Canada, which hit the Canadian dollar on Friday. Overall more downside it expected in the short-term.
August 10,2016
The pound to Canadian dollar is breaking out from a wedge pattern which has been forming during July, and looks set to penetrate lower as the outlook for the pound remains negative.
August 5,2016
The GBP/CAD pair is correcting in the midst of a down-trend. Bank of England meeting and Canadian Trade data are seen as primary hot-spots for the pair in the coming week.
August 2,2016
The GBP/CAD pair is still ricocheting off a tight range as both currencies come under pressure from deteriorating fundamentals.
July 29,2016
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