Foreign exchange strategists at Canadian lender RBC are holding onto a trade that pits the Pound against the Canadian Dollar, saying there are further declines ahead for the Pound to Canadian Dollar exchange rate.

June 21,2022

The Pound to Canadian Dollar rate is showing signs of stabilisation following a multi-month decline and could be likely to hold above the nearby 1.57 level in the days ahead, although much depends on price action in USD/CAD as well as economic figures emerging from the UK and Canada. 

June 20,2022

The Pound to Canadian Dollar rate slipped to a fresh 10-year low in the opening session of the new week but could fall further over the coming days if the Loonie remains more resilient to the rallying U.S. Dollar and crumbling risk appetite in global markets ahead of Thursday's Bank of England (BoE) policy decision. 

June 13,2022

The Canadian Dollar fell sharply from one month highs when stock markets slumped across the globe during the latter half of this week but strategists at TD Securities say it likely has further to fall up ahead and have suggested that clients position themselves for a USD/CAD rally to 1.30.

June 10,2022

The Canadian Dollar kept Pound Sterling pinned down near to a 10-year low in the penultimate session of the week, illustrating along the way what some analysts say is an increasingly bearish picture for GBP/CAD on the charts ahead of important jobs data due out from the UK and Canada.

June 9,2022

Canada’s Dollar claimed pole position among major currencies for the year this week but strategists at CIBC Capital Markets say it could be close to peaking and have warned that a recently-supportive Bank of Canada (BoC) monetary policy stance now risks turning from tailwind to headwind.

June 9,2022