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The Pound-to-Canadian-Dollar rate remains on course to return to its March 2019 high in the weeks and months ahead but could continue to consolidate within a narrow range for the time being, according to technical analysis from Scotiabank.
November 14,2019
Studies of the GBP/CAD charts show mixed forces at play, but we see a marginal bias towards more upside given the more established longer-term trends.
November 10,2019
The Canadian Dollar extended losses Friday after official data appeared to suggest the jobs market ran out of gas in October, which has strengthened the case for a Bank of Canada (BoC) interest rate cut and could further undermine the best performing major currency of 2019 in the weeks ahead.
November 8,2019
The Pound-to-Canadian-Dollar outlook has turned bullish across all axes on the charts, according to strategists at Scotiabank, priming it for an extended move higher that could ultimately take the British currency back to levels not seen since March earlier this year.
November 7,2019
Studies of the GBP/CAD charts show the pair to be in an established short-term uptrend which has run into tough resistance but will probably overcome it in time.
November 4,2019
The Canadian Dollar stabilised Thursday despite after economic growth figures surprising on the downside for August and amid mounting fears for the U.S.-China trade ceasefure, after a third 2019 interest rate rate cut from the Federal Reserve (Fed) enabled the Loonie to claw back ground previously lost to its U.S. rival.
October 31,2019
The surprisingly negative shift in stance by the Bank of Canada at their October policy meeting may have been a strategic attempt to weaken the Canadian Dollar, which has been one of the G10’s best-performing currencies this year, and some might argue has got too strong for its own good.
October 31,2019
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