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The Pound-to-Canadian Dollar rate was losing steam Tuesday after rallying to November highs, although technical analysis from Scotiabank suggests the nearby ceiling of Sterling's multi-month range will remain intact, keeping GBP/CAD confined within a 1.70-to-1.73 multi-month range.
November 12,2020
The Pound-to-Canadian Dollar exchange rate tumbled last week but with an incoming Democractic Party administration blighting Brexit Britain's trade prospects, as talks with European Union continue without progress, Sterling may be in line for further losses this week.
November 8,2020
Canadian Dollar exchange rates were choppy on Friday as economists looked beyond Statistics Canada's bettter-than-expected October jobs report, preferring instead to focus on the challenges ahead, while unrelated volatility was seen in U.S. stock markets and the bigger Dollar.
November 6,2020
The Canadian Dollar attempted to stabilise against other major currencies on Friday but is now rated as a sell by TD Securities due to concerns about valuation and the stock markets, which could offer the Pound-to-Canadian Dollar rate a chance of recovering from recent losses.
November 6,2020
The Pound-to-Canadian Dollar exchange rate is vulnerable and could be set to slip lower over the coming days as Britain lurches toward another national lockdown at the beginning of what promises to be an action-packed and volatile U.S. election week for Sterling and the Loonie.
November 1,2020
The Canadian Dollar is nursing losses against the Pound, U.S. Dollar and the majority of the world's nine largest currencies in a week dominated by falling stock markets and a Bank of Canada decision to enhance its quantitative easing programme.
October 30,2020
The Canadian Dollar has been tipped as a buy at BMO Capital Markets after falling to October lows when the Bank of Canada (BoC) set out to squash longer-term government bond yields, with an ongoing rebound in the U.S. Dollar and S&P 500 boding well for Canadian exchange rates.
October 29,2020
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