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The Pound-to-Canadian Dollar rate edged lower Wednesday as the Loonie caught up with the rest of the major currency class following a run of underperformances, which could mean the recent rally in GBP/CAD ended with July.
August 5,2020
The Pound-to-Canadian Dollar rate closed its best week since March Friday and may have further to climb but increasingly the risk is that the rally is undermined, leading Sterling to hand back a substantial part of its recent gain.
August 2,2020
The Canadian Dollar struggled Friday even after official estimates revealed the May rebound in the economy was larger than economists expected, as risk appetite appeared to ebb and a preliminary estimate from Statistics Canada warned of only a limited further rebound in June.
August 2,2020
The Pound-to-Canadian Dollar rate was closing in on four-month highs Friday after a solid outperformance by Sterling in a week where the Loonie has lagged others alongside its larger North American counterpart, although the outlook depends largely on whether Canada's currency gets its mojo back.
July 31,2020
Foreign exchange analysts at Canadian lender CIBC say the Canadian Dollar's poor run of late can extend, citing a stalling in the global economic recovery and end to the recent rally in commodity prices.
July 29,2020
The Pound-to-Canadian Dollar exchange rate was breaking higher from a narrow and weeks-long trading range Tuesday in moves that could lift it back to levels not seen since early May over the coming days and weeks.
July 29,2020
The Pound-to-Canadian Dollar rate edged higher amid a turn for the worse in market sentiment last week and it could attempt an upside breakout from its recent stiflingly narrow range in the days ahead, although the risk is of more range trading.
July 28,2020
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