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The Pound to Canadian Dollar exchange rate's month-long rally appeared to be stalling in midweek trade when a rebounding U.S. Dollar and resilient Loonie led GBP/CAD to test an emerging technical support near 1.66 on the charts.
March 15,2023
The Pound to Canadian Dollar exchange rate entered the new week near the new year high but could find its multi-week rally cut short if UK economic data or the government budget lead market expectations for the Bank of England (BoE) Bank Rate to remain under pressure in the days ahead.
March 14,2023
The Pound to Canadian Dollar exchange rate reached a one-month high ahead of the weekend after a respectable February employment report from Canada was unable to stall a rally in Sterling that was fueled by a cocktail of better UK economic data and moderating expectations for North American interest rates.
March 14,2023
"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
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