GBP/CAD exchange rate could this week make another crack at the ceiling that has prevented it from striking fresh multi-year highs. However, it could be too soon to set fresh highs.
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The Canadian Dollar rose after the Bank of Canada cut interest rates 50 basis points. Investors now think the end of the cycle is close.
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GBP/CAD stormed higher last week and flipped the technical setup positive. However, the coming days require a pullback, with the Bank of Canada decision in focus.
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The Canadian Dollar fell after wage and unemployment data for November opened the door to a 50 basis point rate cut at the Bank of Canada next week.
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Canada’s productivity crisis has reached what Stéfane Marion, Chief Economist at National Bank of Canada, calls an “obscene” gap compared to the United States.
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A year-ahead prediction from one of the world's biggest banks says the Canadian Dollar should recover lost value against the U.S. Dollar in 2025.
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The Pound to Canadian Dollar exchange rate (GBP/CAD) is recovering and will be looking to retake some key technical levels in the coming days.
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