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The Canadian Dollar should trend stronger against the Euro and British Pound into year-end while remaining range-bound against the U.S. Dollar as Canada benefits from a strong banking sector and elevated immigration.
May 10,2023
The Pound to Canadian Dollar exchange rate has receded from 15-month highs in recent trade and while it could yet find its feet again ahead of Thursday's Bank of England (BoE) decision, its shifting correlation with USD/CAD and related factors make for a more uncertain outlook than usual.
May 9,2023
The Pound to Canadian Dollar exchange rate was hobbled ahead of the weekend after Statistics Canada announced further strong gains in the number of jobs created by the local economy in April but the appearance of strength might be misleading.
May 5,2023
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
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