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The Pound to Canadian Dollar exchange rate has held above its 55-moving-average at 1.6129 in recent trade but is likely to be kept under wraps below its January highs around 1.64 this week as the Loonie's nascent outperformance of major currency counterparts limits GBP/CAD's room for maneuver.
January 10,2023
The Canadian Dollar rallied against most counterparts in the final session of the week after Statistics Canada reported another surge in employment that led the jobless rate back down near to the record low recorded last summer with possible implications for Bank of Canada (BoC) policy.
January 6,2023
The Canadian Dollar clawed its way near to the top of the major currency league table in the opening week of the New Year but its rally has pushed USD/CAD below an estimated 'fair value' and prompted an often-reliable BMO Capital Markets financial model to recommend selling the Loonie as a result.
January 5,2023
NBC has released research showing the Canadian Dollar will be one of 2023's better-performing currencies amidst ongoing economic outperformance, while the Pound and Euro will continue to struggle.
January 4,2023
The Pound to Canadian Dollar exchange rate tumbled into the New Year amid a sharp rally by North American currencies and may be most likely to trade between 1.5980 and just above 1.62 over the coming days.
January 3,2023
The Pound to Canadian Dollar exchange rate fell in mid-week trade and could be likely to further consolidate its recent gains over the coming days and weeks but a bullish technical trend on the charts also hints of scope for Sterling to extend its final quarter rally during the opening months of next year.
December 21,2022
The Pound to Canadian Dollar exchange rate entered the new week near to nine-month highs but could be likely to consolidate its recent gains around 1.65 in the days ahead unless the Loonie finds reason for further underperformance in Canada's latest inflation and economic growth numbers.
December 19,2022
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