The Pound to Canadian Dollar rate tumbled to a five year low following last week’s Bank of England (BoE) monetary policy decision but could find a footing above the nearby 1.58 handle this week if the Loonie cedes further ground to the U.S. Dollar in the days ahead.
May 9,2022
The Pound to Canadian Dollar exchange rate signed off on a hat-trick of weekly declines last Friday but may be at risk of further losses that would see it sliding to a new five year low this week and in the wake of Thursday’s policy decisions from the Federal Reserve (Fed) and Bank of England (BoE).
May 3,2022
GBP/CAD under pressure & losing grip on 1.66 and is at risk of deeper decline & could slip sub-1.65.
March 22,2022
A combination of steady rate hikes at the Bank of Canada and elevated oil prices keep a number of foreign exchange strategists we follow bullish on the Canadian Dollar's outlook.
March 17,2022
January 19,2022
"Also weighing on the loonie in early 2022 will be a lack of upside in commodities. Demand for oil will be hampered in the near term by the spread of omicron globally" - CIBC.
December 21,2021
December 16,2021
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