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The GBP/CAD pair is consolidating in a range which will probably extend through next week until it breaks to the upside.
July 20,2016
GBP/CAD's down-trend resumed on Wednesday after the Bank of Canada left rates unchanged leading helping the Canadian Dollar to strengthen
July 14,2016
“We continue to look for a higher USD CAD into the close of the year, albeit have moderated our year-end target back to 1.35.” - Jeremy Stretch at CIBC Markets.
July 5,2016
The exchange rate looks to be poised to extend its trend lower, targeting 1.7000 initially
July 4,2016
Can the USD/CAD break above 1.31, is GBP/CAD likely to go even lower after plumbing the depths post Brexit, and is EUR/CAD ready for a bullish surprise comeback?
July 1,2016
A break below key lows in the 1.75s following Brexit has led to the formation of an ominous looking top for the pair.
June 27,2016
Down-trend is broadly expected to resume, although Canadian Retail Sales may surprise to upside stalking the loonie's decline.
June 21,2016
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