"USD/CAD could be heading to 1.40" - City Index.
March 9,2023
The Bank of Canada opted to keep interest rates unchanged at its latest policy meeting and gave little indication that it will need to hike again in the near future.
March 8,2023
The Pound to Canadian Dollar exchange rate has arrested a multi-month correction lower and could be likely to remain well supported by its 50-day moving average at 1.6332 through what is an important week ahead for the Canadian Dollar outlook.
March 6,2023
CAD fell on the release of GDP data that showed the Canadian economy 'flatlined' in the final quarter of the year, reassuring investors that the Bank of Canada would keep interest rates at current levels over the coming weeks.
February 28,2023
GBP/CAD could find support near last week's low at 1.62.
February 28,2023
The Pound to Canadian Dollar exchange rate neared February highs after January inflation rates surprised on the downside of market expectations, easing pressure on the Bank of Canada (BoC) while fueling a broad rally in Sterling that could be reviving the GBP/CAD recovery trend.
February 22,2023
The Pound to Canadian Dollar exchange rate has further consolidated a multi-month recovery in recent trade but could attempt to reclaim earlier lost ground around the 1.63 level this week if January's inflation data vindicates the Bank of Canada's (BoC) conditional pause in its interest rate cycle.
February 20,2023
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