The Pound has had its wings clipped this week and could be slow to regain the initiative over the Canadian Dollar in the coming months, according to the latest CIBC Capital Markets forecasts which were downgraded on Thursday due to lingering concerns about the UK economic outlook. 

February 21,2020

The Pound-to-Canadian Dollar rate uptrend was at risk of failure in noon trading Wednesday as the market neared a crucial technical support level, which must remain intact in order to preserve the summer 2019 recovery of the exchange rate. 

February 20,2020

The Pound-to-Canadian Dollar rate retains an upside technical bias heading into a week that's set to bring the market's focus back onto the outlook for interest rates on each side of the exchange rate equation, with downside risks for both Sterling and Canada's Loonie. 

February 16,2020

The Pound-Canadian Dollar rate retains an upside bias, according to technical analysts, but fresh losses are forecast to blight the British unit before long as investors give it a wide berth again ahead of the next Brexit deadline.  

February 12,2020

The Pound-to-Canadian Dollar rate fell almost two percent last week amid moves that have placed a question mark over the six-month uptrend on the charts, and the exchange rate now needs the Loonie to weaken if Sterling is to retain its upside impetus. 

February 9,2020

The Canadian Dollar underperformed a number of major rivals Friday as financial markets overlooked a strong January jobs report amid a downward correction in so-called risk assets that's seen oil prices revert to the downside ahead of the weekend. 

February 8,2020