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The Canadian economy posted better than expected job statistics ahead of the weekend with numbers showing 952.9K people returned to work in June, but the data does not appears to have triggered a strong upside reaction in the value of the Canadian Dollar which appears to have reached a notable inflection point against the Pound.
July 10,2020
The Pound-to-Canadian Dollar rate was risking a fall back to 1.70 Thursday where it could establish a foothold in the coming days, although the British currency could rebound to test 2020 highs again if progress in the Brexit negotiations is forthcoming during the months ahead.
July 9,2020
The Pound-to-Canadian Dollar rate was slipping lower from near three-week highs Wednesday after an eagerly-awaited mini budget from Chancellor Rishi Sunak underwhelmed the market and the Loonie recovered its footing, although the exchange rate could be in the process of finding a bottom.
July 8,2020
The Pound-to-Canadian Dollar rate could find itself struggling on the back foot early in the new week ahead of a government spending review that will offer it an opportunity to recover from mid-week, though much about the outlook is hinged on the outcome of Friday's Brexit update.
July 5,2020
The Pound-to-Canadian Dollar rate rallied on Wednesday amid outperformance by Sterling, although the exchange rate could face fresh losses if a bearish market lightens up in its view on the prospects of the Loonie.
July 2,2020
The Pound-to-Canadian Dollar rate reversed course and traded higher Tuesday after Statistics Canada indicated that only a tepid economic recovery was underway in May, after reporting historic losses for the economy in April.
June 30,2020
The Pound-to-Canadian Dollar exchange rate entered the new week on the front foot Monday but will be tested over the coming days and could struggle to hold its newly recovered ground as the week draws on.
June 29,2020
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