The Canadian Dollar has remained an outperformer among major currencies in recent trade but technical studies of the charts suggest it could have scope to rise further against Pound Sterling and the Euro in the days and weeks ahead.
February 16,2023
The Pound to Canadian Dollar exchange rate has further pared its multi-month rally from September's all-time low in recent trade but could stabilise above nearby moving averages on the daily and weekly charts if official data continues to suggest a UK labour market in rude health this week.
February 14,2023
The Canadian Dollar clobbered and clubbed all counterparts ahead of the weekend after Statistics Canada announced a significant increase in the labour force for January that was on par with the non-farm payrolls number seen across the border just last week, leading to a slump in GBP/CAD.
February 10,2023
The Pound to Canadian Dollar exchange rate edged higher to open the new week but for some strategists it remains a preferred expression of bearish views on the outlook for Sterling, suggesting it could struggle to fully recover the ground lost in last week's setback.
February 7,2023
The Pound to Canadian Dollar exchange rate is the worst performing Sterling pair of the week but with the backdrop on the charts still bullish a Bank of England (BoE) interest rate decision in the pipeline, GBP/CAD could yet attempt a recovery ahead of the weekend.
February 1,2023
Break of 1.6660 opens door to higher levels in GBP/CAD.
February 1,2023
The Canadian Dollar remained one of the best performing major currencies for the period in the final session of the week but analyst opinion about the outlook for it has grown more divided after the Bank of Canada (BoC) signaled a possible end to its interest rate cycle.
January 27,2023
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