The Pound-to-Canadian Dollar rate is facing a lengthy stretch below the 1.70 handle according to BMO Capital Markets forecasts, suggesting that any improvements seen over the coming weeks could be as good as they get for Sterling denominated buyers of the Canadian currency. 

June 4,2020

Bank of Canada

The Canadian Dollar advanced against the Pound, U.S. Dollar and Euro follow the Bank of Canada's June policy meeting where they said the economy had avoided its "most severe scenario" predictions made in May, and conditions have improved enough to slow its repo operations and asset purchases.

June 3,2020

What will be key for CAD is what tone Tiff Macklem and his team strike with regards to the current state of the Canadian economy and the outlook: an upbeat tone could trigger a 0.25% rally in the currency according to one Canadian investment bank, while a downbeat tone could trigger a 0.60% decline.

June 3,2020

The Pound-to-Canadian Dollar rate might receive a bid early in the new week but Brexit headwinds and the relative appeal of the Loonie could weigh on the exchange rate as the days draw on, leading to fresh losses for Sterling. 

May 31,2020

The Pound-to-Canadian Dollar rate was licking wounds near to its March crisis-period lows on Thursday but its recovery potential is limited at best, analyst forecasts suggest, while the prospective downside could grow further if the Loonie remains on its front foot and Wednesday's update from Brexit negotiators is anything to go by.

May 28,2020

The Pound-to-Canadian Dollar rate rose Tuesday amid a strong rally in risk assets from stock markets to commodities, an unusual pattern of price action that suggests Sterling's star might've faded since it contracted the coronavirus and enabled the Loonie to move higher in the pecking order of major currencies.

May 26,2020

The Pound-to-Canadian Dollar rate extended its 'sell in May and go away' retreat last week which took it back to the bottom of a multi-month range, although it faces the risk of further losses in the days and weeks ahead as political and economic headwinds tarr the outlook for the British currency.

May 24,2020

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