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The Pound-Canadian Dollar rate clung to a handsome gain last week even after unravelling on Friday, but it now faces a return trip back toward December's lows as the Brexit talks go to the wire and the economy is ravaged by a new and more contagious variant of the coronavirus.
December 21,2020
The Canadian Dollar will outperform the British Pound through the course of 2021, with the Pound-to-Canadian Dollar exchange rate (GBP/CAD) forecast to go as low as 1.58 by analysts at Royal Bank of Canada.
December 17,2020
The Canadian Dollar underperformed on Wednesday but nonetheless, there is a trend emerging that is a problem for the Bank of Canada (BoC) and its economy, a problem which may be solved if policymakers simply do as they often have done by continuing along in the footsteps of the Federal Reserve (Fed).
December 16,2020
The Pound-to-Canadian Dollar exchange rate has risen from a proverbial grave this week and was looking to extend its recovery rally on Tuesday as fears of a 'no deal' Brexit were buried amid renewed optimism about the chance of a deal being reached, although Sterling faces nearby resistance on the charts.
December 15,2020
The Pound-to-Canadian Dollar exchange rate is poised to recover over the coming days from punishing losses that pushed it back to September lows last week, but it faces choppy trading conditions and a potential roadblock at 1.7050 unless and until a Brexit trade agreement is reached.
December 13,2020
The Pound-Canadian Dollar rate suffered a nervous breakdown Thursday as Sterling spiralled with expectations for a Brexit trade agreement, sending GBP/CAD crashing through a key level in its largest loss since the March liquidity crisis, although it was stabilising ahead of the European close.
December 10,2020
The Canadian Dollar advanced back in the direction of 2020 highs against the U.S. Dollar while placing Sterling and other currencies under pressure on Wednesday after the Bank of Canada (BoC) stayed its monetary policy course, confirming in the process that Canadian interest rates really are at the "zero lower bound."
December 9,2020
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