The Pound to Canadian Dollar exchange rate entered the new week near its May low and with risk tilted to the downside going into the release of important economic figures in both the UK and Canada, which could potentially see GBP/CAD slipping back to or below 1.68 in the days ahead.
May 15,2023
The Canadian Dollar should trend stronger against the Euro and British Pound into year-end while remaining range-bound against the U.S. Dollar as Canada benefits from a strong banking sector and elevated immigration.
May 10,2023
The Pound to Canadian Dollar exchange rate has receded from 15-month highs in recent trade and while it could yet find its feet again ahead of Thursday's Bank of England (BoE) decision, its shifting correlation with USD/CAD and related factors make for a more uncertain outlook than usual.
May 9,2023
The Pound to Canadian Dollar exchange rate has fully reversed its 2022 losses with a breakout above important technical resistance on the charts but with momentum now dissipating it could be most likely to consolidate within a rough 1.6814 to 1.7075 range over the coming days.
May 1,2023
The Pound to Canadian Dollar exchange rate entered the new week retesting its recent highs and there may be a risk of it edging above 1.69 if the recent trend persists through the days ahead but Canada's February GDP data is a potential pitfall for Sterling.
April 24,2023
GBP/CAD is running at levels far ahead of where it should be according to new research from a prominent Canadian bank.
April 19,2023
The Pound to Canadian Dollar exchange rate has attempted to draw a line under its April loss with the help of an underperforming Canadian Dollar and a buoyant market for Sterling, which could keep GBP/CAD supported in the 1.65 to 1.66 area over the coming days.
April 18,2023
The Canadian Dollar can strengthen in the short- and medium-term say foreign exchange analysts at Bank of America as they eye a 'hawkish' hold by the Bank of Canada midweek.
April 11,2023
April 5,2023
The Pound to Canadian Dollar exchange rate remains close to one-year highs but with resistance immediately overhead on the charts the risk is of it being confined to roughly a 1.6768 to 1.6849 range over the coming days.
March 27,2023
The Pound to Canadian Dollar exchange rate has eroded an important technical resistance on the charts to reach three-month highs early in the new week but could rise further up ahead if the Bank of England (BoE) surprises market expectations by lifting Bank Rate again on Thursday.
March 26,2023
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.
March 14,2023
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.
March 6,2023
February 28,2023
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.
February 14,2023
February 1,2023
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.
January 4,2023
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.
December 19,2022
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.
December 14,2022
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