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The Pound to Canadian Dollar exchange rate has fully reversed its 2022 losses with a breakout above important technical resistance on the charts but with momentum now dissipating it could be most likely to consolidate within a rough 1.6814 to 1.7075 range over the coming days.
May 1,2023
The Pound to Canadian Dollar exchange rate entered the new week retesting its recent highs and there may be a risk of it edging above 1.69 if the recent trend persists through the days ahead but Canada's February GDP data is a potential pitfall for Sterling.
April 24,2023
GBP/CAD is running at levels far ahead of where it should be according to new research from a prominent Canadian bank.
April 19,2023
The Pound to Canadian Dollar exchange rate has attempted to draw a line under its April loss with the help of an underperforming Canadian Dollar and a buoyant market for Sterling, which could keep GBP/CAD supported in the 1.65 to 1.66 area over the coming days.
April 18,2023
The Pound to Canadian Dollar exchange rate receded further from one-year highs and the tide may now be favouring sellers of GBP/CAD.
April 14,2023
The Canadian Dollar could find some support if the market's verdict of today's decision and guidance is a 'hawkish hold'.
April 13,2023
The Canadian Dollar can strengthen in the short- and medium-term say foreign exchange analysts at Bank of America as they eye a 'hawkish' hold by the Bank of Canada midweek.
April 11,2023
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