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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 Canadian Dollar could be at risk of falling against the Pound Sterling over the near-term.
June 16,2017
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
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