The Pound to Canadian Dollar exchange rate climbed back toward two-month highs early in the new week but could have difficulty extending its recovery much further in the days ahead unless this Wednesday's Bank of Canada (BoC) interest rate decision leads to a surprise upset for the Loonie.
October 25,2022
Canada's next set of inflation data could prove a critical moment for the Canadian Dollar, say analysts at TD Securities.
October 18,2022
The Pound to Canadian Dollar exchange rate's rally into the October month has given way to a corrective setback in recent days but Sterling found support just above the 1.51 handle early in the new week and could now be likely to consolidate its recovery for a short period.
October 14,2022
CAD was higher after the Canadian economy snapped a string of negative employment reports in September after it added 21.1K jobs over the month.
October 7,2022
The Canadian Dollar showed reslience against a rallying U.S. Dollar in the penultimate session of the week but some local analysts' views on USD/CAD are now leaning more toward bullish in anticipation of a widening gap between Federal Reserve (Fed) and Bank of Canada (BoC) interest rates.
October 6,2022
The Pound to Canadian Dollar exchange rate has surged to six-week highs in recent trading but could climb further in the short-term and potentially above the 1.56 handle for a time, although the rally underway is not without setback risks and these could intensify as the new month unfolds.
October 4,2022
The Pound to Canadian Dollar exchange rate has substantially reversed an earlier spectacular slump to all time lows from the opening session of the week but its recovery appeared to falter ahead of 1.50 and so the risk may be that its latest declines have opened up a new and lower trading range for Sterling.
September 27,2022
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