The outlook for the GBP/CAD pair in the week ahead, including technical, fundamental, data releases and analysts’ forecasts and views.
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Sterling showed remarkable resilience versus the Canadian dollar on Thursday despite the latter gaining support from a rally in crude oil, and data still showing a trade surplus in foreign portfoli…
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The charts are showing a continued breakdown in the GBP/CAD pair as negative commentary and lacklustre data appear to be casting a shadow over sterling, whilst a stabilization in the price of oil a…
Read more … →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…
Read more … →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.
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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.
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