Canadian Dollar forecasts against
Pound, Euro, Dollar, Australian Dollar, New Zealand Dollar and other G10 majors. Predictions come from market pricing sources, investment banks and technical analysts.
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Latest Canadian Dollar Forecast News on Pound Sterling Live:
GBP/CAD is underpinned by constructive technical conditions and we doubt Thursday's Canadian GDP release will dent the pair's short-term upward progress.
The Pound to Canadian Dollar exchange rate (GBP/CAD) remains well supported on a technical basis, according to a new analysis from a leading Canadian bank.
Canadian Dollar exchange rates are looking increasingly constructive as markets fade bets for an imminent rate hike at the Bank of Canada amidst fears of persistently sticky Canadian wage pressures.
The Canadian Dollar will appreciate against the Euro, Pound and U.S. Dollar over the duration of 2024, according to the latest currency research update from the Royal Bank of Canada.
The Pound to Canadian Dollar exchange rate's 2024 rally appears to have hit the high water market for now, and a deeper pullback is possible if Thursday's Bank of England update lands dovish.
The Pound to Canadian Dollar exchange rate retains a constructive setup that could see further upside over the coming days, although the Bank of Canada's midweek policy decision risks dealing the pair a setback.
The Canadian Dollar has been under pressure against the U.S. Dollar, British pound and Euro in 2024, although some of that weakness was staunched in the second half of last week by a pickup in crude oil prices.
The Canadian Dollar's recent run of strength is not built on a strong economic bedrock and a dovish tilt from the Bank of Canada will put the currency under pressure during 2024.
Any rebound in oil prices combined with an upside surprise in Canadian inflation data could offer the Canadian Dollar some support against the Pound and U.S. Dollar over the coming days.
GBPCAD is in a near-term uptrend that can continue to extend, provided this week's inflation data out of the UK and U.S. don't throw up significant surprises.