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GBPCAD is cooling off from its strong November rally, and the risk of further downside over the coming days is elevated.
December 11,2023
The Bank of Canada inched closer towards a pivot in monetary policy after it welcomed a recent fall in inflation and declared the economy had reached an equilibrium in supply and demand.
December 7,2023
GBPCAD upward channel still intact, USDCAD tipped lower by Commonwealth Bank.
December 4,2023
GBPCAD could hit 2023 peak soon, but could struggle to extend beyond. USDCAD still pointed lower.
November 27,2023
GBPCAD has cemented itself above the 1.71 area, and a new analysis from one of Canada's most recognisable banks says the uptrend should be favoured to extend.
November 24,2023
The Canadian Dollar extended a streak of underperformance following the release of inflation data which underscored market expectations that the next move at the Bank of Canada will be a rate cut.
November 21,2023
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
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