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The Pound-to-Canadian Dollar rate was undermined Friday by a Brexit quarrel between Britain and the European Union as well as a strong turnout in favour of the Canadaâs Loonie, although there could be as much as another five percent downside for Sterling on Scotiabank estimates if UK-EU trade talks fail.
October 16,2020
The Canadian Dollar is being tipped to outperform its peers over the near-term, with gains expected by two notable investment bank analysts on the basis that markets maintain a dose of optimism heading into the November U.S. election and oil prices remain elevated.
October 14,2020
The Pound-to-Canadian Dollar rate is loitering around its 21-day moving average pending a Brexit-inspired breakout, which could come in the latter half of this week following an eagerly-anticipated European Council summit that will see both sides take stock of progress in the trade talks thus far.
October 13,2020
The Canadian Dollar advanced against the U.S. Dollar and Pound Sterling Friday, breaking above a resistance level against the former in the process, as the Loonie celebrated a September jobs blowout that provides further evidence of a labour market recovery in progress.
October 9,2020
The Canadian Dollar outperformed on Thursday alongside other commodity and risk-sensitive currencies even after Bank of Canada Governor Tiff Macklem warned of risks to Canadaâs economic recovery and reaffirmed the BoC's commitment to an extended period of near-zero interest rates.
October 8,2020
The Pound-to-Canadian Dollar rate edged higher last week as pessimism about the outcome of the Brexit process was tempered, which may continue to support Sterling and could even give it a further lift over the coming days, especially if the Loonie remains an underperformer.
October 4,2020
The Pound-to-Canadain Dollar rate was caught in the crossfire of a possible Brexit battle for a semantic victory as trade negotiations enter the home strait, but with significant political capital at stake and âdreadful liquidityâ prevailing, Sterling volatility could escalate even further still.
October 2,2020
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