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The outlook for the Canadian Dollar is by all accounts not a stellar one according to the latest currency research briefing from Wall Street bank J.P. Morgan, however there is some tactical upside for the Canadian currency against the European duo of the Pound and Euro.
September 16,2020
The Pound-to-Canadian Dollar rate has been left clutching for support after is heaviest losses for six months but rising ‘no deal’ Brexit risks could mean there’s little respite to be had by Sterling in the coming days, where focus will be on London and Brussels as well as a nearby support level.
September 13,2020
The Pound-to-Canadian Dollar rate has fallen to two-month lows amid an ongoing row over Brexit that still threatens the British currency, although Sterling’s plight could grow further if the Canadian Loonie resumes its August outperformance in line with forecasts from Credit Suisse.
September 11,2020
Foreign exchange strategists at TD Securities - the investment banking arm of Canadian lender TD Bank - have recommended selling GBP/CAD in anticipation of Brexit-related concerns driving the pair lower.
September 10,2020
The Pound-to-Canadian Dollar rate fell to its lowest since late July on Tuesday after wobbling stock markets and renewed Brexit tensions weighed on Sterling, although J.P. Morgan forecasts a further unravelling this September and has advocated that clients sell GBP/CAD.
September 9,2020
The Pound-to-Canadian Dollar exchange rate risks becoming stuck in another range-bound rut but at lower levels this week, as the Loonie outperforms while a cooling Euro threatens to weigh on Sterling ahead of September's Bank of Canada (BoC) decision and Brexit talks, which also get underway in the coming days.
September 7,2020
The Canadian Dollar outperformed the Pound, U.S. Dollar, Euro and a host of other major currencies ahead of the weekend, with markets overlooking jobs market data that came in worse than expected and instead continued to focus on a recovery in global equity markets.
September 4,2020
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