The Pound-Canadian Dollar rate was stopped in its tracks and humbled Thursday after the Loonie came out of its corner swinging in response to signs that an Organization of Petroleum Exporting Countries (OPEC) could be in the pipeline as a result of a Trumpian deal with Russia and Saudi Arabia. 

April 3,2020

The Canadian Dollar underperformed all major rivals Wednesday amid fresh losses for ICE crude oil future, underlining why the Loonie has been tipped as a sell by the Toronto-headquartered TD Securities, whose analysts have flagged a rising correlation between the currency and oil prices as cause for concern. 

April 1,2020

The Pound-to-Canadian Dollar rate closed its best week since January 2009 Friday after Sterling benefited disproportionately from a week-long recovery of risk assets that led to a bullish development on the long-term charts. 

March 29,2020

The Canadian Dollar was left jilted on Friday by a Bank of Canada (BoC) decision to cut the cash rate to the "effective lower bound" and to launch a quantitative easing program that will see it buy almost one percent of local government debt each week, which has aided a Pound-to-Canadian Dollar rate recovery off 2020 lows.

March 27,2020

The Pound-to-Canadian Dollar rate was stabilising around a key level on the charts Tuesday even after the UK entered its first day of a so-called 'lockdown,' although it might need the improved mood music in the market to endure in order to avoid fresh losses over the coming days.

March 24,2020

The Canadian Dollar is being tipped to experience further weakness by analysts at a global investment bank, who say the hit to oil prices and further action at the Bank of Canada are two reasons to retain a bearish slant on the currency.

March 23,2020