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The Pound to Canadian Dollar exchange rate has retreated from January highs and could be likely to consolidate its earlier gains this week unless the Bank of Canada (BoC) calls time on its interest rate cycle this Wednesday.
January 26,2023
The Canadian Dollar dug its heels in against some currencies to end a week of underperformance on Friday after retail sales data suggested economic resilience ahead of the festive period, though not quite enough to dispel uncertainty about a looming Bank of Canada (BoC) interest rate decision.
January 23,2023
The Pound to Canadian Dollar exchange rate remained buoyant near one-month highs in the penultimate session of the week but could have scope to rise further, according to technical analysis from Scotiabank, which suggests Sterling could recover the 1.68 handle in the days ahead.
January 19,2023
The Pound to Canadian Dollar exchange rate reached one-month highs after Canada's inflation rates fell further than was expected for the month of December in what is another sign of the Bank of Canada (BoC) having success in steering price growth back toward its two percent target.
January 17,2023
The Pound to Canadian Dollar exchange rate opened the new week with a retreat from the 1.64 handle and what may already have been some of its strongest levels for period though it could be likely to find support near the round number of 1.62 in the event of a deeper setback for Sterling.
January 17,2023
The Pound to Canadian Dollar exchange rate has painted a picture of mixed signals onto the charts in recent weeks, according to technical analysis from Scotiabank, and economic data due out on Thursday and Friday could help to either make or break the overall trend for Sterling.
January 11,2023
Bank of America says it holds a positive outlook on the Canadian Dollar in 2023 and is more bullish on the currency's prospects than implied by the consensus forecast.
January 10,2023
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