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.
January 15,2024
GBP/CAD could be set to make further gains amidst a more constructive technical setup and falling oil prices.
January 9,2024
Big support zones hint at limited downside for GBPCAD, but inflation figures on either side of the Atlantic will have the final say.
December 18,2023
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.
December 12,2023
GBPCAD is cooling off from its strong November rally, and the risk of further downside over the coming days is elevated.
December 11,2023
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.
November 20,2023
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.
November 13,2023
The Pound to Canadian Dollar exchange rate (GBPCAD) has been trending higher since late September and technical studies suggest progress can continue until the 1.70/1.71 area.
November 9,2023
The Bank of Canada is marching towards its first interest rate cut, and this will keep the Canadian Dollar on the back foot until the second half of 2024, according to a new currency research note from one of Canada's biggest banks.
November 8,2023
GBPCAD can extend higher over the coming days, aided by increasing expectations for Bank of Canada interest rate cuts and a falling U.S. Dollar.
November 6,2023
Canadian Dollar weakness over the coming months is a high conviction view at Wells Fargo, the North American bank.
November 2,2023
GBPCAD has recovered enough to invalidate the recent downtrend but it remains too soon to call an outright rally given the risks associated with this week's Bank of England decision and the next GDP figures from Canada.
October 30,2023
In the coming week, the Canadian Dollar's main focus is the Bank of Canada (BoC) decision midweek, where the market favours an announcement for the policy rate to be maintained at 5.0%.
October 23,2023
The Pound's upside momentum against the Canadian Dollar has stalled, leading an analyst at one of Canada's primary banks to warn a reversal could soon occur.
October 19,2023
The Canadian Dollar is expected to undergo "more Weakness Before a Revival in 2024" according to economists at CIBC, one of Canada's largest lenders and investment banks.
October 12,2023
GBPCAD's short-term rebound has been halted by a flareup in geopolitical tensions, although it is too soon to say the pair is about to return to lows around 1.6350.
October 9,2023
Analysis from a leading Canadian bank says the British Pound and Euro can extend a recent short-term advance against the Canadian Dollar, although the outlook against the Dollar is a little murkier.
October 5,2023
The Pound to Canadian Dollar exchange rate (GBPCAD) is looking to extend a short-term rebound in a week that will be dominated by the release of Canada's monthly labour market statistics.
October 2,2023
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