The Pound to Canadian Dollar exchange rate entered the new week near the new year high but could find its multi-week rally cut short if UK economic data or the government budget lead market expectations for the Bank of England (BoE) Bank Rate to remain under pressure in the days ahead.

The Pound to Canadian Dollar exchange rate has arrested a multi-month correction lower and could be likely to remain well supported by its 50-day moving average at 1.6332 through what is an important week ahead for the Canadian Dollar outlook. 

GBP/CAD could find support near last week's low at 1.62.

The Pound to Canadian Dollar exchange rate has further pared its multi-month rally from September's all-time low in recent trade but could stabilise above nearby moving averages on the daily and weekly charts if official data continues to suggest a UK labour market in rude health this week.

Break of 1.6660 opens door to higher levels in GBP/CAD.

NBC has released research showing the Canadian Dollar will be one of 2023's better-performing currencies amidst ongoing economic outperformance, while the Pound and Euro will continue to struggle.

The Pound to Canadian Dollar exchange rate entered the new week near to nine-month highs but could be likely to consolidate its recent gains around 1.65 in the days ahead unless the Loonie finds reason for further underperformance in Canada's latest inflation and economic growth numbers.

A leading Canadian lender and commercial bank says the Canadian Dollar will strengthen against the Pound and Euro over the duration of 2023, ensuring a recent trend of appreciation proves short-lived.

The Pound to Canadian Dollar exchange rate recovery has gone from strength-to-strength in recent weeks but much of its latest gains are the result of an increased correlation between the trade-weighted Loonie and U.S. Dollar that has placed GBP/CAD at risk of a setback to 1.64 or below this week. 

The Pound to Canadian Dollar exchange rate (GBP/CAD) reached nine-month highs early in the new week following a near seven percent gain in November but obstacles on the charts could now obstruct its path higher unless the Bank of Canada (BoC) adds further to the Loonie's burdens this Wednesday.  

The Pound to Canadian Dollar rate entered the new week on the front foot and with a hat-trick of gains under the belt but its rally could lose steam in the days ahead with Sterling struggling to advance much beyond the nearby 1.63 level in the absence of a further setback for the Canadian Dollar. 

The Pound to Canadian Dollar exchange rate outlook has improved further in recent trade and Sterling could now have scope to reach some of its strongest levels since the end of the first quarter after establishing a foothold above the 1.57 handle last week, according to technical analysis from Scotiabank.

The Pound to Canadian Dollar exchange rate has reversed half of a two-year decline in recent trade but the recovery has been roadblocked by technical obstacles on the charts and this week it will run the risk of a setback owing to global economic developments and a more buoyant U.S. Dollar.

GBP/CAD technicals suggest further upside.

The Canadian Dollar is forecast to see further near-term weakness against the Pound, Dollar and Euro but a strong recovery through 2023 is predicted by NBC.

The Pound to Canadian Dollar rate has reached four-month highs in recent trade but multiple technical resistances are obstructing its path higher on the charts and Thursday's Bank of England (BoE) interest rate decision is posing risks that could further frustrate its recovery in the days and weeks ahead.

The Pound to Canadian Dollar exchange rate climbed back toward two-month highs early in the new week but could have difficulty extending its recovery much further in the days ahead unless this Wednesday's Bank of Canada (BoC) interest rate decision leads to a surprise upset for the Loonie.

The Pound to Canadian Dollar exchange rate's rally into the October month has given way to a corrective setback in recent days but Sterling found support just above the 1.51 handle early in the new week and could now be likely to consolidate its recovery for a short period.

Global Reach Group have released their latest pack of key Pound Sterling forecasts covering the remainder of 2022 and the first three quarters of 2023.

The Pound to Canadian Dollar exchange rate has surged to six-week highs in recent trading but could climb further in the short-term and potentially above the 1.56 handle for a time, although the rally underway is not without setback risks and these could intensify as the new month unfolds.