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The Pound to Canadian Dollar exchange rate edged higher to open the new week but for some strategists it remains a preferred expression of bearish views on the outlook for Sterling, suggesting it could struggle to fully recover the ground lost in last week's setback.
February 7,2023
The Pound to Canadian Dollar exchange rate is the worst performing Sterling pair of the week but with the backdrop on the charts still bullish a Bank of England (BoE) interest rate decision in the pipeline, GBP/CAD could yet attempt a recovery ahead of the weekend.
February 1,2023
Break of 1.6660 opens door to higher levels in GBP/CAD.
February 1,2023
The Canadian Dollar remained one of the best performing major currencies for the period in the final session of the week but analyst opinion about the outlook for it has grown more divided after the Bank of Canada (BoC) signaled a possible end to its interest rate cycle.
January 27,2023
The Bank of Canada (BoC) has initiated a "pause" in its monetary policy tightening cycle following an eighth increase in its cash rate this week but some local strategists say the latest policy step may have been unnecessary and the markets are now betting on the policy rate being cut before year-end.
January 26,2023
The Bank of Canada raised its base interest rate 25 basis points to 4.5% and said it was now time to pause the rate hiking cycle to assess its impact on the economy.
January 25,2023
CAD to benefit on 25bp hike says Barclays but NBC warns this will "break the camel's back".
January 24,2023
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