The pound-Canadian dollar is set to retain an incredibly tight trading range in the coming days as we await a trigger to end this phase of consolidation.
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The Canadian dollar softened after the Bank of Canada held rates and signalled no urgency to tighten policy despite elevated inflation risks.
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The pound-Canadian dollar exchange could stay under pressure in the coming days as a spell of Canadian dollar outperformance threatens to extend.
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Desjardins slashes CAD appreciation forecasts as oil windfalls bypass Canada's economy.
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HSBC says the pound will trend lower against the Canadian dollar.
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The pound-Canadian dollar exchange rate rose 1.0% last week as it extended a run of five successive weekly advances.
Read more … →The Canadian dollar is a potential tactical buy, says one FX strategist, noting the balance of positioning, oil dynamics and the technical setup favours gains.
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