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GBP/CAD sees support around 1.75 & 1.7340 further down but may struggle to keep head above water this week.
September 13,2021
The Pound-to-Canadian Dollar exchange rate came off the boil ahead of the weekend after the latest Canadian employment figures spurred the Loonie on in an earlier rebound from prior losses that came alongside gains for other commodity and risk currencies.
September 10,2021
The Canadian Dollar traded with dampened spirit Wednesday after the Bank of Canada noted international headwinds and virus-related risks to Canada’s economic recovery that leave the Loonie with little incentive to reverse its nascent underperformance ahead of October’s forecast review
September 9,2021
The Pound and Euro are predicted to maintain a slight positive bias against the Canadian Dollar in the near-term by a noted currency analyst at one of Canada's main lenders.
September 8,2021
The Pound-to-Canadian Dollar rate rose above its breakeven level for 2021 in the penultimate session of the week, placing Sterling back in the top spot among the most frequently traded major currencies for the year owing to a nascent lacklustre performance by the Loonie.
September 2,2021
“Preliminary information indicates an approximate 0.4% decrease in real GDP for July giving back about half of June's gain. The main decreases were in manufacturing, construction and retail trade,” - Statistics Canada.
August 31,2021
GBP/CAD stabilised early in a holiday-shortened week but may struggle to sustain itself above the nearby 1.74 level over the coming days and would risk slipping back below 1.73 if either the U.S. Dollar or Canadian economic data spurs the Loonie on to a recovery.
August 30,2021
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