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The Pound has once again failed at a key resistance area against the Canadian Dollar, and we predict a pullback in the coming week.
September 9,2024
The Canadian Dollar fell following a below-consensus labour market report that keeps alive the prosepct of the Bank of Canada stepping up the pace of its rate cutting cycle with a 50 basis points chop.
September 6,2024
The Canadian Dollar fell after the Bank of Canada cut interest rates and communicated that it remained committed to further cuts in the coming months.
September 4,2024
The Pound is undergoing a pullback against the Canadian Dollar, which we think can extend in the coming days.
September 2,2024
CAD is the best-performing G10 currency on the day it is reported the Canadian economy grew at an annualised rate of 2.1% in Q2, which is above the 1.8% rate expected by the consensus of economists and the Bank of Canada's forecast for 1.5%.
August 30,2024
There has been some interesting price action in the Pound to Canadian Dollar exchange rate (GBP/CAD) already this week, with the pair breaking down by 0.40% on Monday.
August 27,2024
The Canadian Dollar dropped in value against all its peers after new data showed a continued cooling in Canadian inflation, raising the odds of further Bank of Canada rate cuts in the coming months.
August 20,2024
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