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The GBP/CAD exchange rate is trading at around 1.6184 at the time of writing after falling almost 0.84% in the previous week, but despite this weakness, studies of the charts are constructive and suggest the pair will probably move higher in the week ahead.
September 1,2019
The Canadian Dollar raised a proverbial roof Friday after official data showed the economy growing much faster during the second quarter than the market had dared imagine, although much about the outlook for the Loonie depends on next week's response from the Bank of Canada (BoC).
August 30,2019
The Pound-to-Canadian-Dollar rate was on the blink Wednesday as investors dumped the British currency in response to the latest developments in the Brexit saga, but analysts at BMO Capital Markets say the exchange rate looks like a good selling opportunity.
August 30,2019
The Canadian Dollar ceded ground to its U.S. and British rivals Tuesday but is being tipped to advance over the coming days by multiple analysts, who cite a mixture of technical as well as macroeconomic factors for thinking the Loonie will come out ontop this week.
August 28,2019
A move higher in Sterling dovetails with our latest suite of technical studies of the GBP/CAD charts which suggest further advances are possible.
August 27,2019
The Canadian Dollar stopped an advancing U.S. greenback and Pound Sterling in their tracks Friday after retail sales data for the month of June surprised strongly on the upside, although a speech by Federal Reserve (Fed) Chairman Jerome Powell was threatening to rain on the Loonie parade in the final session of the week.
August 23,2019
Canada's Dollar ceded ground to its U.S. and British rivals Thursday after movement on the Brexit front aided Sterling and as the American bond market threw another tantrum ahead of an eagerly-awaited speech from Federal Reserve (Fed) Chairman Jerome Powell, which lifted the greenback at the expense of most other currencies.
August 23,2019
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