The Pound to Canadian Dollar fell over half a percent on Wednesday to 1.6820 after the governor of the Bank of Canada (BOC) said the Bank’s hitherto low interest rates had “done their job” and the Bank would be revisiting the possibility of increasing interest rates at its next meeting on July 12.
June 28,2017
The Pound rose against the Canadian Dollar (Loonie) at the end of last week reversing the downtrend temporarily but the overall trend remains bearish as we look ahead to the new trading week.
June 26,2017
The Pound rose against the Canadian Dollar (Loonie) at the end of the week after the release of disappointing inflation data weighed on hopes the Bank of Canada (BOC) would start raising interest rates.
June 24,2017
The collapse in the price of crude oil has weakened the Canadian Dollar against many currencies, but not against the Pound which is even weaker.
June 21,2017
The Canadian Dollar is benefiting from a positive assessment from the Bank of Canada, and assuming data continues to be positive in the week ahead will probably have the upper hand over politically risk sensitive Sterling.
June 19,2017
The Pound to Canadian Dollar has declined steeply from highs of 1.78 in May to the current level in the 1.68s, however, now it has paused to consolidate before its next move.
June 15,2017
Despite making gains across the board, the British Pound has struggled against the Canadian Dollar which was boosted by a shift in tone at the Bank of Canada.
June 13,2017
The Pound to Canadian Dollar sold off steeply after an inconclusive election result weighed on the Pound.
June 12,2017
The Pound to Canadian Dollar fell over 2.3% overnight after the UK election returned a politically unstable hung parliament.
June 9,2017
The balance of risks favour more upside for GBP/CAD as the falling price of oil weighs on CAD, and the UK elections on Thursday favour a conservative win.
June 5,2017
Sterling is clawing back gains against the Canadian Dollar after the pair bottomed at 1.7190 before the weekend.
May 30,2017
The Canadian Dollar could well undergo volatile swings in the week ahead as the standout event on the calendar is likely to be the meeting of the Oil Cartel OPEC on Thursday, June 1.
May 30,2017
The Canadian Dollar has strengthened following the release of an optimistic Bank of Canada (BOC) rate meeting statement.
May 25,2017
There is a growing consensus amongst analysts, as we reach the middle of the week that the Pound to Canadian Dollar has peaked and is likely to continue selling off.
May 17,2017
GBP/CAD has been forming what could be a ‘rounding top’ pattern and is now gently rolling over.
May 15,2017
The Pound to Canadian Dollar has formed a gently cambering top which is often the harbinger of doom for a pair, according to analysis from Scotiabank’s Shaun Osborne.
May 12,2017
The Pound may be peaking versus the Canadian Dollar as the exchange rate stalls for the fourth straight day
May 10,2017
As we start the new trading week GBP/CAD is in a very strong uptrend, which, however, is showing signs of getting a little overbought.
May 9,2017
Recent weakness in CAD might be overdone thinks Avery Shenfield, an analyst at CIBC Capital Markets.
May 2,2017
GBP/CAD has climbed to new highs of 1.7680 and is expected to continue rising in the absence of any bearish signs.
May 1,2017