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The Canadian Dollar extended its recovery on Friday and helped keep pressure on the Brexit-stricken Pound-to-Canadian Dollar exchange rate after Statistics Canada reported June retail sales that surpassed market expectations.
August 21,2020
The Canadian Dollar advanced on Sterling Wednesday as risky currencies consolidated gains following another Dollar Index breakdown, with the Loonie benefiting from correlations with the greenback, stocks and oil.
August 19,2020
The Pound has trended lower against the Canadian Dollar during August, but the losses are viewed as corrective in nature by one analyst we follow who expects GBP/CAD to ultimately resume its trend of appreciation.
August 18,2020
The British Pound is looking prone to further declines against the Canadian Dollar, according to Western Union, the international payments provider, however the bigger picture confirms the Canadian currency to be a laggard and any bouts of strength might ultimately be limited.
August 13,2020
The Pound-to-Canadian Dollar rate was close to having unwound all of its August gain on Wednesday as the Loonie retook previously lost ground from the greenback while Sterling and the Japanese Yen underperformed amid another possible attempt by the market to push the Turkish into an abyss.
August 12,2020
The Pound-to-Canadian Dollar exchange rate rally stalled before Sterling handed back some of its earlier gains last week although the risk is that this move extends in what could be volatile trading over the coming day as geopolitics dominate the agenda.
August 9,2020
The Pound-to-Canadian Dollar rate was left flailing on Friday as the Loonie celebrated a better-than-expected July jobs report with gains over other major currencies, while all remained on the back foot against the U.S. Dollar.
August 7,2020
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