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The GBP/CAD outlook is now marginally bearish after the pair rose up and touched the top of a long-term sideways range, between roughly 1.75 and 1.68, and reversed lower.
March 10,2019
A look at the GBP/CAD and USD/CAD exchange rates from a technical perspective following a sharp slump in the Canadian Dollar midweek which was triggered by the Bank of Canada adopting a more cautious-than-expected stance on monetary policy.
March 7,2019
The Canadian Dollar crumbled on Wednesday, pushing the Pound-to-Canadian-Dollar rate to a fresh six-month high, after the Bank of Canada (BoC) appeared to drop its bias to lift interest rates over the coming quarters.
March 6,2019
The Canadian Dollar sank deeper into the red against some of its big rivals at the beginning of the new week, although analysts are warning that losses could build further over the coming days as markets eschew the currency ahead of the Bank of Canada's (BoC) latest interest rate decision due on Wednesday.
March 6,2019
The GBP/CAD exchange rate reflects two currencies caught in a war of attrition, whereas other Sterling-based pairs are showing clear biases towards further gains.
March 3,2019
The Canadian Dollar was dealt a crushing blow Friday by official data that showed the economy contracting into year-end, as multiple headwinds stymied activity, vindicating the Bank of Canada for having said it will be more patient before raising interest rates this year.
March 1,2019
The Canadian Dollar ceded its crown as the best performing G10 currency of 2019 to Sterling on Thursday after the Pound-to-Canadian-Dollar rate hit a six month high, meaning the British currency has now advanced against all of its major rivals this year.
March 1,2019
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