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Macklem impacts Canadian Dollar

The Pound-to-Canadian Dollar exchange rate rose further from 2021 lows ahead of the weekend after Bank of Canada Governor Tiff Macklem effectively gave the Loonie a speeding ticket for the pace at which it’s become this year’s top performing major currencies, prompting Canadian exchange rates to soften.

May 14,2021

Canadian Dollar

The Pound-to-Canadian Dollar exchange rate outlook is clouded with uncertainty which could ensure a period of confinement within a narrow range unless Sterling is able to break above the nearby 1.7180 level this week, according to the latest reading of the charts from Scotiabank.

May 12,2021

Canadian Dollar

The Pound-to-Canadian Dollar rate entered the new week on its front foot but is now trading under the auspices of a new and lower range that could ultimately see Sterling capped by the 1.72 level in the absence of a setback for Canada’s Loonie.

May 10,2021

Canadian Dollar exchange rates

Two sets of disappointing jobs data out of North America ahead of the weekend have conspired to push the two U.S. Dollar and Canadian Dollar lower, allowing for the Pound to catch a break and recover some lost value against its Canadian counterpart.

May 7,2021

Canadian Dollar

The Pound-to-Canadian Dollar exchange rate was pummelled and pushed to its lowest since December 2020 ahead of the weekend after both the U.S. Dollar and Pound Sterling suffered widespread losses.

May 7,2021

Pound to Canadian Dollar exchange rate

The Pound was biding time near to 2021 lows against the Canadian Dollar on Wednesday ahead of the latest Bank of England (BoE) policy decision although last week’s losses have seen the technical backdrop turn tentatively bearish on the charts, according to Scotiabank, posing a risk to the outlook for Sterling.

May 5,2021

Canadian Dollar outlook

The Pound-to-Canadian Dollar rate entered the new week near 2021 lows and facing an uphill struggle to recover in the absence of a let up from a rampantly strong Canadian Dollar or boost from the Bank of England this Thursday.

May 3,2021

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