The Pound to Canadian Dollar exchange rate has made a poor start to the November month and is barely more than one bad day away from reversing its recovery up from the all-time lows reached in late September, which makes Thursday's U.S. inflation data and Friday's UK GDP number important influences on the outlook.
November 10,2022
The Canadian Dollar is forecast to see further near-term weakness against the Pound, Dollar and Euro but a strong recovery through 2023 is predicted by NBC.
November 9,2022
The Canadian Dollar rallied against a retreating U.S. Dollar and an underperforming Pound after Statistics Canada data suggested the local economy clawed back in October all of the jobs lost during the summer months and then some, although the decline in GBP/CAD was quickly reversed.
November 4,2022
The Pound to Canadian Dollar rate has reached four-month highs in recent trade but multiple technical resistances are obstructing its path higher on the charts and Thursday's Bank of England (BoE) interest rate decision is posing risks that could further frustrate its recovery in the days and weeks ahead.
November 1,2022
Canadian Dollar exchange rates were a mixed bag ahead of the weekend while the outlook for the Loonie has become less certain with the economy headed toward a slowdown and the Bank of Canada (BoC) now signalling that the end to its interest rate cycle is likely approaching.
October 28,2022
The Canadian Dollar was left trailing behind other major currencies for the week following October's Bank of Canada (BoC) decision to slow the pace at which it raises interest rates, which surprised the market and has led many forecasters to reconsider the outlook for the Loonie.
November 9,2022
The Pound to Canadian Dollar exchange rate rallied to a four month high after the Bank of Canada (BoC) raised its cash rate by less than economists and markets had anticipated for October, although it still warned that further increases in interest rates are likely in the months ahead.
October 27,2022
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