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The Canadian Dollar soared against the Dollar and Brexit-battered Pound Wednesday after official data revealed a surprise surge in inflation for the month of July, which might further constrain the Bank of Canada (BoC) ahead of any eventual decision to cut its interest rate.
August 22,2019
GBP/CAD trading in a range at a major trendline and our technical studies suggest there is the possibility of further upside in short-term.
August 19,2019
The Pound rose against the Canadian Dollar Friday amid wagers suggesting the UK parliament may after all find a way to prevent a 'no deal' Brexit playing out in October, and analysts at Scotiabank say that nascent gains risk compromising the "bear trend" that's already driven the exchange rate down by sevent percent this year.
August 16,2019
The GBP/CAD exchange rate is seen stabilising and our technical studies suggest scope for some near-term recovery.
August 12,2019
The Canadian Dollar hit the ropes Friday after official data revealed a second consecutive contraction in employment during July and a surprise spike in the unemployment rate, which has further undermined the Loonie just days after losing its position as the best performing G10 currency of 2019.
August 9,2019
The Canadian Dollar rose Thursday, recovering some of the ground lost to its U.S. and British rivals earlier in the week, but analysts at UBS and CIBC Capital Markets are now warning of a lurch to the downside in the weeks ahead and are tipping the Loonie as a sell.
August 9,2019
GBP/CAD is experiencing a shallow sideways consolidation which is unlikely to result in a reversal higher as it is capped by a major trendline, our suspicion is the downtrend will probably resume.
August 5,2019
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