The Canadian Dollar (Loonie) keeps powering higher based on a positive fundamental outlook for the economy, and this has had the effect of pushing the GBP/CAD pair lower.
September 11,2017
The sell-off in USD/CAD and GBP/CAD is gathering apace after the Bank of Canada (BOC) surprised markets by increasing interest rates by 0.25% at its rate meeting on Wednesday.
September 7,2017
The Pound to Canadian Dollar exchange rate is extending its downtrend, mainly due to the Candian Dollar strengthening after data showed continued above-expectation economic growth, and the Pound sold off due to Brexit uncertainty.
September 4,2017
The Canadian Dollar vaulted higher on Thursday after the release of second quarter GDP data confirmed the economy's strong upward trajectory.
September 1,2017
The Pound to Canadian Dollar had been falling reasonably predictably up until it based and reversed on August 24; since then it has bounced strongly higher.
August 30,2017
The Pound is expected to lose ground against the Canadian Dollar with the result that GBP/CAD will continue falling, due to the diverging policy paths of the two respective central banks.
August 28,2017
The Pound to Canadian Dollar pair has been in a downtrend since May after the Bank of Canada (BOC) decided to raise rates – supporting CAD - and Sterling weakened due to Brexit uncertainty.
August 20,2017
Analysts at Lloyds Bank Commercial Banking have released their monthly currency report; below are the highlights for key Sterling pairs.
August 10,2017
The Pound to Canadian Dollar looked bearishly poised at the start of the new trading week.
August 7,2017
Analysts are taking a sombre view of the Canadian Dollar as the dust settles following its recent rally.
August 3,2017
The Pound could be reversing trend and beginning a substantial correction against the Canadian Dollar, according to what charts are indicating.
August 1,2017
The downtrend is expected to continue with confirmation coming from a break below 1.6232 and downside target at 1.6100. However, the prospect of a period of short-term relief is also elevated.
July 24,2017
The commodity currency block, which includes AUD, CAD and NOK, is forecast to turn higher, says analyst Bipan Rai of CIBC economics.
July 19,2017
After a strong month CAD could be over extended, says JP Morgan's Daniel P. Hui
July 19,2017
The Pound to Canadian Dollar pair is now firmly in a downtrend as the Bank of Canada (BOC) moves closer to raising interest rates whilst the Bank of England (BOE) remains divided and Sterling undermined by Brexititus.
July 17,2017
The Pound to Canadian Dollar has fallen from 1.7800 highs set in May to its current 1.6688 level driven by increased expectations that the Bank of Canada (BOC) might start to tighten monetary policy, which has helped strengthen the Canadian part of the pairing.
July 12,2017
Canadian employment report boosts CAD after showing gains in June.
July 7,2017
The Canadian Dollar is likely to rise as a result of recent hawkish commentary from Bank of Canada (BOC), however, the big question is whether it can hold onto those gains.
July 5,2017
The Pound has pushed higher against the Canadian Dollar despite recent commentary from the governor of the Bank of Canada (BOC) which supported the Canadian Dollar.
July 3,2017
