The Pound to Canadian Dollar exchange rate opened the new week with a retreat from the 1.64 handle and what may already have been some of its strongest levels for period though it could be likely to find support near the round number of 1.62 in the event of a deeper setback for Sterling.
January 17,2023
The Pound to Canadian Dollar exchange rate has painted a picture of mixed signals onto the charts in recent weeks, according to technical analysis from Scotiabank, and economic data due out on Thursday and Friday could help to either make or break the overall trend for Sterling.
January 11,2023
Bank of America says it holds a positive outlook on the Canadian Dollar in 2023 and is more bullish on the currency's prospects than implied by the consensus forecast.
January 10,2023
The Pound to Canadian Dollar exchange rate has held above its 55-moving-average at 1.6129 in recent trade but is likely to be kept under wraps below its January highs around 1.64 this week as the Loonie's nascent outperformance of major currency counterparts limits GBP/CAD's room for maneuver.
January 10,2023
The Canadian Dollar rallied against most counterparts in the final session of the week after Statistics Canada reported another surge in employment that led the jobless rate back down near to the record low recorded last summer with possible implications for Bank of Canada (BoC) policy.
January 6,2023
The Canadian Dollar clawed its way near to the top of the major currency league table in the opening week of the New Year but its rally has pushed USD/CAD below an estimated 'fair value' and prompted an often-reliable BMO Capital Markets financial model to recommend selling the Loonie as a result.
January 5,2023
NBC has released research showing the Canadian Dollar will be one of 2023's better-performing currencies amidst ongoing economic outperformance, while the Pound and Euro will continue to struggle.
January 4,2023
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