The Pound to Canadian Dollar exchange rate remains close to one-year highs but with resistance immediately overhead on the charts the risk is of it being confined to roughly a 1.6768 to 1.6849 range over the coming days.
March 27,2023
The Pound to Canadian Dollar exchange rate appeared to lose momentum around one-year highs against a risk-averse global market backdrop ahead of the weekend but could be likely to remain above 1.67 in the days ahead.
March 26,2023
The Canadian Dollar rose against a softer Pound on Tuesday but RBC Capital Market says it could push GBP/CAD back to early February lows if the Federal Reserve (Fed) revives the U.S. Dollar this Wednesday or if there is any further turmoil in the banking sector of the stock markets.
March 21,2023
The Pound to Canadian Dollar exchange rate has eroded an important technical resistance on the charts to reach three-month highs early in the new week but could rise further up ahead if the Bank of England (BoE) surprises market expectations by lifting Bank Rate again on Thursday.
March 26,2023
The Pound to Canadian Dollar exchange rate's month-long rally appeared to be stalling in midweek trade when a rebounding U.S. Dollar and resilient Loonie led GBP/CAD to test an emerging technical support near 1.66 on the charts.
March 15,2023
The Pound to Canadian Dollar exchange rate entered the new week near the new year high but could find its multi-week rally cut short if UK economic data or the government budget lead market expectations for the Bank of England (BoE) Bank Rate to remain under pressure in the days ahead.
March 14,2023
The Pound to Canadian Dollar exchange rate reached a one-month high ahead of the weekend after a respectable February employment report from Canada was unable to stall a rally in Sterling that was fueled by a cocktail of better UK economic data and moderating expectations for North American interest rates.
March 14,2023
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