Canadian Dollar News Directory

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

The Pound to Canadian Dollar exchange rate tumbled in the final session of the week as a resilient Loonie reined in Sterling’s earlier climb ahead of next Wednesday’s Bank of Canada (BoC) policy decision even as the Canadian currency also succumbed to a broad U.S. Dollar rally.

April 8,2022

"CAD may not benefit immediately from the hike – which is fully priced in – but should stay supported beyond the very short term".

April 8,2022

The Pound to Canadian Dollar exchange rate was steadier near to 2022 lows during the opening half of the week amid signs of a possible short-term rebound taking shape on the USD/CAD charts, although some strategists continue to view GBP/CAD as a ‘sell on rallies’ currency pair.

April 6,2022

The Pound to Canadian Dollar rate slipped back toward its lowest since October 2019 early in the new week and could remain suppressed near to the  round number of 1.63 handle over the coming days, with Sterling likely losing upward momentum on any approach of 1.65.

April 4,2022

The Canadian Dollar stalled during the penultimate session of the week as the U.S. Dollar and Sterling rebounded from earlier declines, rewarding strategists at CIBC Capital Markets who bought the recent dip in USD/CAD just as the Scotiabank team advocates that clients sell rallies in the GBP/CAD pair.

March 31,2022