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The Pound-to-Canadian Dollar rate was treading water on Friday but has this week established a foothold around the midpoint of its recent trading ranges, leaving perched atop the 1.70 level and positioned for a modest recovery in the event that risk appetite continues to soften.
June 12,2020
The Pound-to-Canadian Dollar rate was in recovery mode Wednesday after reclaiming its 200-day moving-average and is tipped by technical analysts for a period of recovery following weeks of punishing declines.
June 10,2020
The Canadian Dollar's rally is forecast to run out of steam by analysts at ABN AMRO who warn the currency will be hit by another bout of market and oil price weakness.
June 9,2020
The Pound-to-Canadian Dollar rate could buckle at the knees this week after Friday's show-stopping jobs reports gave the Loonie a fresh lease of life that means Sterling now needs to run even faster than it has done in recent times, just to avert fresh declines against its Canadian counterpart.
June 7,2020
The Pound edged higher against the Canadian Dollar on Friday as a wave of Brexit-related relief offset the Loonie's boost from official data that revealed a surprise increase in employment for the month of May.
June 5,2020
The Pound-to-Canadian Dollar rate is facing a lengthy stretch below the 1.70 handle according to BMO Capital Markets forecasts, suggesting that any improvements seen over the coming weeks could be as good as they get for Sterling denominated buyers of the Canadian currency.
June 4,2020
The Canadian Dollar advanced against the Pound, U.S. Dollar and Euro follow the Bank of Canada's June policy meeting where they said the economy had avoided its "most severe scenario" predictions made in May, and conditions have improved enough to slow its repo operations and asset purchases.
June 3,2020
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