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The Pound to Canadian Dollar rate’s mid-June recovery has been all but scuppered and it now risks remaining suppressed near around 1.55 in the days ahead unless market appetite for the U.S. Dollar and other positively correlated currencies ebbs.
July 4,2022
Quebec based Desjardins Bank are forecasting a steady decline in the value of the Canadian Dollar through the remainder of 2022.
June 30,2022
CAD is forecast to extend a period of outperformance against the Pound and Euro although it will likely remain under pressure against the U.S. Dollar says CIBC.
June 29,2022
The Pound to Canadian Dollar exchange rate may be in the process of attempting to reverse a steep multi-month decline but it has so far been stymied by technical resistance around 1.5932 on the charts and may now be likely to consolidate its recent gains near the 1.58 handle in the week ahead
June 28,2022
The Pound to Canadian Dollar exchange rate may be in the early stages of a corrective recovery that could reverse a more meaningful portion of its multi-month slide, according to technical analysis from Scotiabank, which could see GBP/CAD trading up toward 1.65 in the weeks ahead.
June 24,2022
"In a calm FX market, we think CAD would be king" - BMO Capital.
June 23,2022
A surprisingly strong set of Canadian inflation data will fuel investor expectations for a more aggressive interest rate hiking policy at the Bank of Canada, in turn shoring up support for the Canadian Dollar.
June 22,2022
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