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The Pound-to-Canadian-Dollar rate was trading at around 1.6311 early Monday after fallling around half a percent in the previous week, although studies of the charts suggest the pair could be about to embark on a strong recovery.
July 22,2019
The Canadian Dollar retreated further from recent highs against its U.S. counterpart and the Pound Friday after retail sales figures surprised on the downside for a second consecutive month, prompting the market to question whether Canada's economic outperformance may have ended in the second-quarter.
July 19,2019
The Canadian Dollar softened with inflation on Wednesday, as markets responded to official data published by Statistics Canada, although the Loonie retains its seemingly unassailable grip on the top spot in the G10 league table and is expected to advance further against the Pound this week.
July 17,2019
The Pound could see its downside momentum against the Canadian Dollar continue to fade over the short-term, but we are wary that the overarching negative trend of recent weeks could restart at any point.
July 15,2019
The Canadian Dollar built further on recent strong gains Friday and could yet rise another four percent throughout the summer months, according to strategists at Societe Generale, but analysts at some other firms see the Loonie as risking heaping its own funeral pyre.
July 12,2019
The Canadian Dollar rose again Thursday and is on course for further gains in the weeks and months ahead according to analysts at MUFG, although this strength combined with an shaky global economic backdrop are expected to force the Bank of Canada (BoC) into an interest rate cut before the year is out.
July 11,2019
The Canadian Dollar was left reeling Wednesday after the Bank of Canada (BoC) dismissed recent economic strength as a temporary phenomenon and appeared to suggest it believes that Canada is unlikely to escape the slowdown plaguing the rest of the world.
July 10,2019
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