The Pound to Canadian Dollar exchange rate tumbled into the New Year amid a sharp rally by North American currencies and may be most likely to trade between 1.5980 and just above 1.62 over the coming days.
January 3,2023
The Pound to Canadian Dollar exchange rate fell in mid-week trade and could be likely to further consolidate its recent gains over the coming days and weeks but a bullish technical trend on the charts also hints of scope for Sterling to extend its final quarter rally during the opening months of next year.
December 21,2022
The Pound to Canadian Dollar exchange rate entered the new week near to nine-month highs but could be likely to consolidate its recent gains around 1.65 in the days ahead unless the Loonie finds reason for further underperformance in Canada's latest inflation and economic growth numbers.
December 19,2022
A leading Canadian lender and commercial bank says the Canadian Dollar will strengthen against the Pound and Euro over the duration of 2023, ensuring a recent trend of appreciation proves short-lived.
December 14,2022
The "surprising decline" in oil prices is weighing on the Canadian Dollar says one of Canada's major banks.
December 13,2022
The Pound to Canadian Dollar exchange rate recovery has gone from strength-to-strength in recent weeks but much of its latest gains are the result of an increased correlation between the trade-weighted Loonie and U.S. Dollar that has placed GBP/CAD at risk of a setback to 1.64 or below this week.
December 12,2022
Selling Canadian Dollars in the USD/CAD options market had been one of next year's top trades for CIBC Capital Markets just weeks ago but the Loonie's late November sell-off has led the strategy team to book an early eight percent profit and focus instead on betting against the EUR/CAD exchange rate.
December 9,2022
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