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The GBP/CAD pair broke lower after the Bank of England (BOE) decided to cut rates and boosted QE at their August meeting, however, gains were offset by the release of poor payrolls data from Canada, which hit the Canadian dollar on Friday. Overall more downside it expected in the short-term.
August 10,2016
The pound to Canadian dollar is breaking out from a wedge pattern which has been forming during July, and looks set to penetrate lower as the outlook for the pound remains negative.
August 5,2016
The GBP/CAD pair is correcting in the midst of a down-trend. Bank of England meeting and Canadian Trade data are seen as primary hot-spots for the pair in the coming week.
August 2,2016
The GBP/CAD pair is still ricocheting off a tight range as both currencies come under pressure from deteriorating fundamentals.
July 29,2016
The USD/CAD has just broken out of a triangle pattern and is rising, what are the possible targets to the upside?
July 28,2016
Charts indicate that coming week will probably see a decline in the GBP/CAD exchange rate.
July 28,2016
A sudden surge in demand for Canadian financial assets, especially bonds, could be a positive factor in the currency’s continued resilience.
July 21,2016
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