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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
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
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