Canadian Dollar News Directory

The Pound to Canadian Dollar exchange rate reached August highs after July inflation figures stoked further uncertainty about the outlook for the Bank of Canada (BoC) cash rate and as a softer U.S. Dollar helped lift the Loonie and Sterling in North American trade. 

August 15,2023

The Pound to Canadian Dollar exchange rate climbed back to within arm’s reach of 2023 highs early in the new week but while it could remain buoyant in the short-term there is also a risk of corrective losses for Sterling and GBP/CAD if official data reveals any sign of Bank of England (BoE) interest rate taking its toll on the UK economy. 

August 8,2023

The Pound to Canadian Dollar exchange rate (GBPCAD) rose on news Canada shed jobs in July, but the upside will prove potentially limited due to a bumper increase in wage settlements.

August 6,2023

A shift in commodity market dynamics and "less pessimistic" sentiment amongst key investors leads analysts at Macro Hive to say the Canadian Dollar's prospects are turning more constructive.

August 1,2023

The Pound to Canadian Dollar exchange rate entered the new week on the back foot near a major level of technical resistance on the charts and was attracting sellers ahead of the latest Bank of England (BoE) forecast update and North American job reports while risking slippage back toward the 1.96 handle.

July 31,2023

The Canadian Dollar's July rally against the likes of the Pound and Euro has suffered a setback and is at risk of reversing in the wake of the July Federal Reserve interest rate hike and guidance update.

July 27,2023