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The Pound-to-Canadian Dollar rate rallied strongly on Tuesday after Bank of England (BoE) Governor Andrew Bailey appeared to poor cold water over the idea of the UK adopting a negative interest rate policy, although upside for Sterling could be limited to nearby levels, analysts have suggested.
January 12,2021
The Pound-to-Canadian Dollar exchange rate turned away from near a year-long high last week and could be set to trade within a narrower and lower range over the coming days as a rally in U.S. government bond yields asks uncomfortable questions of investors in stock and commodity markets.
January 11,2021
The Canadian Dollar was on its back foot Friday having ceded ground to the U.S. Dollar, Pound and a small majority of its other major rivals but forecasts from BofA Global Research suggest it has scope for one last huurah in the months ahead before fundamental forces demand an adjustment lower for the Loonie.
January 8,2021
The Canadian Dollar recoiled in the face of a resurgent U.S. Dollar and Pound on Thursday but could face a reckoning with the Bank of Canada (BoC) and fresh losses later in January if USD/CAD is unable to sustain its newfound upward trajectory, according to some analysts.
January 7,2021
The Canadian Dollar remained a laggard among major currencies on Wednesday but has been tipped by analysts for an imminent return to levels last seen in April 2018 and a resilient enough showing to ensure GBP/CAD is prevented from rising to new highs in the short-term.
January 6,2021
The Canadian Dollar continued its trend of underperformance, lagging major rivals on Thursday as the curtain began to close on 2020 and ahead of a year in which Bank of Canada (BoC) concerns about export competitiveness could feature prominently as a driver of the currency.
December 31,2020
The Pound-to-Canadian Dollar exchange rate is back in the upper half of its six-month range and could reclaim the 1.75 handle this week as parliament lightens Sterling's load by giving the nod to Britain's Brexit trade deal, while uncertain risk appetite and holiday market conditions keep the Canadian Dollar in check.
December 27,2020
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