GBP to CAD exchange rate techs week ahead

The Canadian Dollar has had the better of the Pound recently, but we note momentum does ultimately reside with the UK currency longer-term. We eye the Bank of Canada mid-week and a slew of UK economic releases on the calendar this week.

April 15,2018

The Canadian Dollar has continued its riposte against its developed world rivals into the final session of the week although, according to strategists at global investment bank Credit Suisse, it is now at a pivotal point that could soon prompt a sharp move in either direction. 

April 13,2018

The Canadian Dollar is trading at a steep discount relative to many of its developed world peers following a months-long period of concern about the future of the North American Free Trade Agreement and now risks to the trade pact are abating, strategists at J.P Morgan are advocating that clients bet on a recovery in Canadian Dollar exchange rates. 

 

April 11,2018

The Canadian Dollar could be about to stage a comeback against the US Dollar, according to strategists at two of Canada’s largest banks, as pessimism toward the economy has likely reached its peak and hopes of a succesful renegotiation of the North American Free Trade Agreement are mounting.

April 9,2018

canadian dollar concept flag 2

The Pound continues to lose ground versus the Canadian Dollar as risks of a North Atlantic trade debacle subside.

April 9,2018

Canadian employment

The Canadian Dollar advanced on its developed world rivals during the noon session in London Friday after data showed the unemployment rate holding steady and the economy adding new jobs at a faster than expected pace during March.

April 6,2018

The Canadian Dollar pared earlier gains during noon trading in London Thursday after the Canadian trade deficit was shown widening much further than was expected during the February month, overshadowing a bout of renewed optimism over the future of the North American Free Trade Agreement.

April 5,2018

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