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The Pound-Canadian Dollar rate fell heavily last week as the British currency ceded ground to all but one major rival, although its trials and tribulations are not over because the threat of even steeper losses lurks on the path ahead even if the pair does find itself tentatively supported early in the new week.
May 18,2020
The Canadian Dollar outperformed many rivals Thursday after being lifted by an infectious optimism emanating from the oil market, which has helped the Loonie to keep a whimpering and wavering Pound Sterling under pressure and is now threatening even steeper downside for the GBP/CAD rate.
May 15,2020
The Pound-Canadian Dollar rate was testing support around 1.72 Wednesday but headwinds are mounting for the British exchange rate as the Loonie draws an algorithmic bid from a BMO Capital Markets financial model and the downside risks continue to stack up for Sterling.
May 14,2020
The Pound-Canadian Dollar rate has so-far found strong support at 1.72 but it's emerged from a week-long slide with its upside potential diminished, technical analysts say, and potentially with the gravitational force of the 2020 range floor growing stronger as the outlook for Sterling darkens.
May 13,2020
The Pound-Canadian Dollar rate fell sharply last week as oil prices recovered by double-digit percentages and Sterling was weighed down by domestic concerns, although the the British currency is besieged by fundamental risks on all fronts and could fall falling further over the coming days.
May 10,2020
The Canadian Dollar's gradual trend of appreciation against the Dollar was on full display in mid-week trade amidst broadly buoyant investment conditions and a newfound strength in crude oil prices, while gains against the Pound pushed GBP/CAD back into an increasingly entrenched range.
May 6,2020
The Pound-Canadian Dollar rate was on course for a second consecutive loss Tuesday but is expected to remain underpinned by a cluster of nearby technical support levels in the coming weeks and could be aided higher if the coronavirus prompts the U.S. and China to come to blows again.
May 6,2020
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