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The Pound-to-Canadian Dollar rate was testing the top of its August range on Tuesday as the British currency outperformed amid a continued sell-off in U.S. exchange rates, although Scotiabank is looking for Sterling to recover further lost ground from the Loonie in the coming days.
September 1,2020
The Pound-to-Canadian Dollar rate has been lifted toward the top of its August range and could attempt to retest late July highs over the coming days if the Loonie remains as soft as it was on Friday, although the risk is of a Canadian comeback that results in more range-trading for Sterling.
August 30,2020
The Canadian Dollar was caught on the hop by a tentative rebound in the U.S. Dollar Friday even after Statistics Canada unveiled June growth figures that surpassed market expectations before forecasting a strong July performance too, although this didn't prevent the Loonie from turning lower.
August 28,2020
Canadian lender Desjardins Bank have updated their Canadian Dollar forecasts, saying the currency is likely to struggle for the remainder of 2020, but a more robust recovery should shape up in 2021.
August 28,2020
The Canadian Dollar outperformed Thursday following a key speech from Federal Reserve (Fed) Chairman Jerome Powell, leaving the Pound-to-Canadian Dollar rate at risk of a downward capitulation from its recent narrow range
August 28,2020
The Canadian Dollar advancd on the greenback and some other major currencies Tuesday but ceded ground to an outperforming Sterling ahead of this year's central bank shindig in Jackson Hole, although a Credit Agricole CIB financial model has suggested selling the Loonie.
August 25,2020
The Pound-to-Canadian Dollar exchange rate suffered heavy losses at the end of an otherwise uneventful week Friday but risks becoming trapped in a tight range in the days ahead due to Sterling's tight correlation with the Loonie.
August 24,2020
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