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The Pound to Canadian Dollar exchange rate signed off on a hat-trick of weekly declines last Friday but may be at risk of further losses that would see it sliding to a new five year low this week and in the wake of Thursday’s policy decisions from the Federal Reserve (Fed) and Bank of England (BoE).
May 3,2022
The Bank of Canada will have scope to raise interest rates by another 50 basis points to 1.0% at their next policy meeting following the release of stronger than expected growth data, which should underpin the Canadian Dollar going forward.
April 29,2022
GBP/CAD plumbing lowest since September 2019, could remain suppressed near 1.6200 short-term.
April 26,2022
Foreign exchange strategists at Goldman Sachs are sticking with the Canadian Dollar, expecting it to outperform most rivals over coming weeks.
April 20,2022
The Pound to Canadian Dollar exchange rate has remained buoyant above its early April lows near the round number of 1.63 and could have scope to test or probe above the 1.65 handle this week if USD/CAD rebounds further from last Wednesday’s losses over the coming days.
April 19,2022
The Canadian Dollar pared earlier losses against the U.S. Dollar while also briefly stalling a rally in GBP/CAD after the Bank of Canada (BoC) signalled that it could lift interest rates and tighten monetary policy at an accelerated pace in the months ahead.
April 13,2022
The Pound to Canadian Dollar exchange rate may be in the process of bottoming out and would be likely to make a further attempt at a corrective recovery this week if the Bank of Canada (BoC) leaves a ‘hawkish’ market hanging by raising its interest rate at the same steady pace as before.
April 11,2022
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