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The Pound-to-Canadian Dollar rate was under pressure Wednesday after The Telegraph reported the British government has all but given up hope of reaching a trade agreement with the European Union, leaving the outlook for Sterling balanced on a knife edge just as the Canadian Dollar recovers its footing.
July 22,2020
The Canadian Dollar faltered at session highs Tuesday after May retail sales recovered less than was anticipated by the market, although the Loonie retained the support of rallying oil prices and robust investor risk appetite.
July 21,2020
The Pound-to-Canadian Dollar exchange rate has established a foothold around the midpoint of its 2020 range although a tendency toward underperformance in both Sterling and the Loonie risks encouraging a continued narrow range trade.
July 21,2020
The Canadian Dollar underperformed alongside the U.S. greenback and Sterling on Friday, continuing a recent trend that's shown little sign of abating although some analysts say it could cause traders significant pain if USD/CAD falls beneath July's lows in the coming weeks.
July 17,2020
The Canadian Dollar was buoyed on Wednesday when the Bank of Canada (BoC) said it expects "a sharp rebound in economic activity" this quarter but that it will still provide a monetary escort to the economy until it returns to dry land.
July 15,2020
The Pound-to-Canadian Dollar rate unravelled further on Tuesday after poor May GDP data stoked concern for the UK's recovery prospects, although some forecasters are warning of a further poor performance ahead.
July 14,2020
The Pound-to-Canadian Dollar rate has risen for three consecutive weeks gains and could look to cement its grip on the recently recovered 1.70 handle in the coming days if weakness in the Loonie and Sterling's indifference to an absence of progress in the Brexit negotiations persists.
July 12,2020
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