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The Pound to Canadian Dollar exchange rate has recovered further from its early August lows in recent trade and could have scope to test the 1.7750 level in the week ahead, according to the author’s model.
August 20,2024
The Pound to Canadian dollar exchange rate has consolidated its second quarter gains but it remains biased to the upside and the author’s model suggests it could trade buoyantly in a 1.7429 to 1.7550 range this week.
August 12,2024
The Canadian Dollar edged higher against the US Dollar and Pound on Friday after Statistics Canada data cast the local labour market in a resilient light for July, easing market concerns about the jobs outlook.
August 9,2024
Traders should buy dips in USD/CAD because the Canadian dollar is likely to underperform as the US economy heads for a soft landing and the Federal Reserve begins to cut interest rates, according to Barclays research.
August 8,2024
The Pound to Canadian dollar exchange rate receded further from recent multi-year highs last week but the author’s model suggests it should remain well supported above 1.7660 over the coming days, and that it could have scope to retest the 1.78 handle in some circumstances.
August 6,2024
GBP/CAD retains a constructive setup, but the coming week could see some of the recent moves retraced as investors account for a potential Bank of England interest rate rise on Thursday.
July 29,2024
The Canadian Dollar has fallen across the board after the Bank of Canada cut interest rates for the second time in as many months.
July 24,2024
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