The Canadian Dollar gave way to most other comparable currencies in midweek trade after the Institute for Supply Management (ISM) offered further signs of the Federal Reserve having success in wrestling down U.S. inflation, leading to a continued underperformance of North American currencies and further large declines for oil prices.
May 3,2023
The Pound to Canadian Dollar exchange rate has fully reversed its 2022 losses with a breakout above important technical resistance on the charts but with momentum now dissipating it could be most likely to consolidate within a rough 1.6814 to 1.7075 range over the coming days.
May 1,2023
The Pound to Canadian Dollar exchange rate entered the new week retesting its recent highs and there may be a risk of it edging above 1.69 if the recent trend persists through the days ahead but Canada's February GDP data is a potential pitfall for Sterling.
April 24,2023
GBP/CAD is running at levels far ahead of where it should be according to new research from a prominent Canadian bank.
April 19,2023
The Pound to Canadian Dollar exchange rate has attempted to draw a line under its April loss with the help of an underperforming Canadian Dollar and a buoyant market for Sterling, which could keep GBP/CAD supported in the 1.65 to 1.66 area over the coming days.
April 18,2023
The Pound to Canadian Dollar exchange rate receded further from one-year highs and the tide may now be favouring sellers of GBP/CAD.
April 14,2023
The Canadian Dollar could find some support if the market's verdict of today's decision and guidance is a 'hawkish hold'.
April 13,2023
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