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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
What will be key for CAD is what tone Tiff Macklem and his team strike with regards to the current state of the Canadian economy and the outlook: an upbeat tone could trigger a 0.25% rally in the currency according to one Canadian investment bank, while a downbeat tone could trigger a 0.60% decline.
June 3,2020
The Pound-to-Canadian Dollar rate might receive a bid early in the new week but Brexit headwinds and the relative appeal of the Loonie could weigh on the exchange rate as the days draw on, leading to fresh losses for Sterling.
May 31,2020
The Pound-to-Canadian Dollar rate was licking wounds near to its March crisis-period lows on Thursday but its recovery potential is limited at best, analyst forecasts suggest, while the prospective downside could grow further if the Loonie remains on its front foot and Wednesday's update from Brexit negotiators is anything to go by.
May 28,2020
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