Canadian Dollar News Directory

The Pound-to-Canadian Dollar rate was closing in on multi-month highs in the penultimate session of the week after the Loonie was left reeling by risk aversion in global markets.

August 19,2021

The Pound-to-Canadian Dollar rate had the wind in its sails and 1.74 in sight following a strong start to the new week but could now struggle to advance much beyond Monday's levels.

August 16,2021

The Pound-to-Canadian Dollar rate dipped briefly below 1.73 ahead of the weekend amid signs that its recent uptrend is neutralising, an idea that is only encouraged by the latest HSBC forecasts, which suggest GBP/CAD could struggle to recover meaningfully above the level from here and that it may be likely to end the year somewhat lower around 1.70.

August 13,2021

The Pound-to-Canadian Dollar rate has struggled for momentum thus far in the new week but technical analysis from Scotiabank has flagged upside risks for both GBP/CAD and USD/CAD, while new forecasts from BofA Global Research suggest the Loonie’s nascent comeback could be short-lived.

August 11,2021

The Pound-to-Canadian Dollar rate entered the new week above 1.74 and with support at nearby levels but Sterling could struggle for momentum before Thursday’s GDP report reveals the extent to which the UK’s recovery met bullish market expectations last quarter.

August 9,2021

The Canadian Dollar is just about holding onto its status as the best performing major currency of 2021 with some slippage following a below-consensus employment report.

August 6,2021