The Pound to Canadian Dollar exchange rate has shown signs of stabilising above the nearby 1.54 level but could continue to have difficulty sustaining rallies when near to the 1.56 handle if the Loonie and North American counterparts remain outperformers of other major currencies in the days ahead.
July 25,2022
The Canadian Dollar cooled its heels in the midweek session, enabling an oversold GBP/CAD exchange rate to stabilise near some of its lowest levels for a decade, although Scotiabank says that Sterling is still some way off from escaping the clutches of short sellers.
July 20,2022
The Pound to Canadian Dollar exchange rate entered the new week on the front foot but could struggle to extend its early advance by much in the days ahead unless an action packed UK economic calendar is able to foment a further improvement in market appetite for Sterling.
July 18,2022
"In the global pecking order, CAD is the 2nd best performing G10 currency on the year, and we think Canada's currency fundamentals justify that"
July 15,2022
The Canadian Dollar has been volatile with the Loonie whipsawing almost wildly since the Bank of Canada (BoC) shocked the market with its largest interest rate rise since 1998, throwing a curveball at investors and prompting a range of responses from analysts, a selection of which is included below.
July 14,2022
The Canadian Dollar pushed GBP/CAD to fresh 10-year lows after the Bank of Canada (BoC) surprised an already hawkish market by lifting its interest rate its highest level since October 2008, outdoing the Federal Reserve and others along the way as it seeeks to bring down local inflation rates.
August 3,2022
The Pound to Canadian Dollar exchange rate remains in the grip of gravity and could be at risk of probing beneath the 1.55 handle afresh in the week ahead if Wednesday’s Bank of Canada (BoC) policy decision provides the Loonie with inspiration for fresh gains over other currencies.
July 11,2022
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