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The Pound-to-Canadian Dollar rate enters the new week attempting to sustain a break higher out of a multi-month range although whether it can will be determined over the coming days by the July policy decision from the Bank of Canada and commentary Federal Reserve officials.
July 12,2021
The Pound-to-Canadian Dollar exchange rate edged higher in the final session of the week as the Loonie appeared to overlook better-than-expected June employment data from Statistics Canada, leaving GBP/CAD’s break higher from a two-month range to continue unimpeded.
July 9,2021
The Pound-to-Canadian Dollar rate hit a metaphorical roof ahead of the mid-week session with its strongest one-day gain since the early morning moments of May, creating scope for a possible range-break higher, as oil prices crumbled and the U.S. Dollar roared back to life.
July 6,2021
The failure of the world's major oil producing countries to reach new supply agreements has resulted in further gains for global oil prices, which are in turn proving supportive of the Canadian Dollar.
July 6,2021
The Pound-to-Canadian Dollar rate could be on course for a return to the bottom of its two-month range after Canada’s economy again outperformed market expectations, and now that Sterling is itself taking a timeout from its own earlier recovery rally and associated period of outperformance.
June 30,2021
The Pound-to-Canadian Dollar exchange rate risks being condemned to a consolidative range this week in which it could struggle to sustain moves above 1.72 after the Bank of England deprived Sterling of a pretext for extending its earlier recovery any time soon.
June 28,2021
The Pound-to-Canadian Dollar rate turned further away from near two-month highs Thursday after the Bank of England (BoE) gave a balanced assessment of the UK economic outlook when announcing its June decision to wait-and-see a while before making any adjustments to its monetary policies.
June 24,2021
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