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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
GBP/CAD could find support near last week's low at 1.62.
February 28,2023
The Pound to Canadian Dollar exchange rate neared February highs after January inflation rates surprised on the downside of market expectations, easing pressure on the Bank of Canada (BoC) while fueling a broad rally in Sterling that could be reviving the GBP/CAD recovery trend.
February 22,2023
The Pound to Canadian Dollar exchange rate has further consolidated a multi-month recovery in recent trade but could attempt to reclaim earlier lost ground around the 1.63 level this week if January's inflation data vindicates the Bank of Canada's (BoC) conditional pause in its interest rate cycle.
February 20,2023
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
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