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The Pound to Canadian Dollar exchange rate was steadier near to 2022 lows during the opening half of the week amid signs of a possible short-term rebound taking shape on the USD/CAD charts, although some strategists continue to view GBP/CAD as a āsell on ralliesā currency pair.
April 6,2022
The Pound to Canadian Dollar rate slipped back toward its lowest since October 2019 early in the new week and could remain suppressed near to the round number of 1.63 handle over the coming days, with Sterling likely losing upward momentum on any approach of 1.65.
April 4,2022
The Canadian Dollar stalled during the penultimate session of the week as the U.S. Dollar and Sterling rebounded from earlier declines, rewarding strategists at CIBC Capital Markets who bought the recent dip in USD/CAD just as the Scotiabank team advocates that clients sell rallies in the GBP/CAD pair.
March 31,2022
The Pound to Canadian Dollar exchange rate was left crumpled and looking for support near to three year lows early on this week after remarks from Bank of England (BoE) Governor Andrew Bailey prompted the market to reconsider the outlook for interest rates in the UK.
March 29,2022
USD/CAD breaking into lower range, reinforces headwinds for GBP/CAD.
March 25,2022
GBP/CAD under pressure & losing grip on 1.66 and is at risk of deeper decline & could slip sub-1.65.
March 22,2022
A combination of steady rate hikes at the Bank of Canada and elevated oil prices keep a number of foreign exchange strategists we follow bullish on the Canadian Dollar's outlook.
March 17,2022
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