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The Canadian Dollar rose to new six-year highs against its U.S. counterpart on Tuesday as the greenback beat an almost across-the-board retreat from other currencies including Pound Sterling in price action that has so-far kept GBP/CAD locked within a narrow and sideways trading range.
May 18,2021
The Pound-to-Canadian Dollar exchange rate entered the new week on its front foot and may look to edge higher over the coming days as the Canadian Dollar cools its heels following a strong rally that has drawn scrutiny from the Bank of Canada.
May 17,2021
The Pound-to-Canadian Dollar exchange rate rose further from 2021 lows ahead of the weekend after Bank of Canada Governor Tiff Macklem effectively gave the Loonie a speeding ticket for the pace at which it’s become this year’s top performing major currencies, prompting Canadian exchange rates to soften.
May 14,2021
The Pound-to-Canadian Dollar exchange rate outlook is clouded with uncertainty which could ensure a period of confinement within a narrow range unless Sterling is able to break above the nearby 1.7180 level this week, according to the latest reading of the charts from Scotiabank.
May 12,2021
The Pound-to-Canadian Dollar rate entered the new week on its front foot but is now trading under the auspices of a new and lower range that could ultimately see Sterling capped by the 1.72 level in the absence of a setback for Canada’s Loonie.
May 10,2021
Two sets of disappointing jobs data out of North America ahead of the weekend have conspired to push the two U.S. Dollar and Canadian Dollar lower, allowing for the Pound to catch a break and recover some lost value against its Canadian counterpart.
May 7,2021
The Pound-to-Canadian Dollar exchange rate was pummelled and pushed to its lowest since December 2020 ahead of the weekend after both the U.S. Dollar and Pound Sterling suffered widespread losses.
May 7,2021
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