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The Pound to Canadian Dollar exchange rate's 2024 rally appears to have hit the high water market for now, and a deeper pullback is possible if Thursday's Bank of England update lands dovish.
January 29,2024
The Canadian Dollar extended its daily losses against the Pound, U.S. Dollar and other major currencies as the Bank of Canada tilted in a 'dovish' direction in their January policy update.
January 24,2024
The Pound to Canadian Dollar exchange rate retains a constructive setup that could see further upside over the coming days, although the Bank of Canada's midweek policy decision risks dealing the pair a setback.
January 22,2024
The Canadian Dollar could find near-term support if the Bank of Canada errs on the 'hawkish' side next week by batting away expectations for interest rate cuts.
January 19,2024
The Dollar is "too heavy to hold" in 2024 and should decline noticeably, and this will weigh on the Canadian Dollar against the Euro and Pound.
January 18,2024
A rise in core inflation pressures likely means a hawkish BoC next week, writes Nick Rees, FX Market Analyst at Monex Europe.
January 16,2024
The Canadian Dollar has been boosted by a sizeable U.S. Dollar rally, an uptick in domestic core inflation rates and further gains for oil prices.
January 16,2024
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