The Pound is tipped to retreat from near multi-year highs against the Canadian Dollar by analysts at Macro Hive, who think the UK currency is expensive relative to fundamentals.
June 18,2024
The scale of the Pound's fall against the Canadian Dollar last Friday was significant and we wonder if it has dented what was one of global FX's best-defined uptrends.
June 17,2024
Momentum remains firmly in favour of further GBP/CAD strength, but the odds of a correction from overbought conditions are increasing.
June 10,2024
The Bank of Canada will deliver a succession of rate cuts in the coming months, weighing on the Canadian Dollar, say analysts.
June 6,2024
The Canadian Dollar fell across the board after the Bank of Canada cut interest rates and Governor Macklem said it was reasonable to expect further cuts if inflation continues to fall.
June 6,2024
Currency strategists at Bank of America say they prefer to be 'short' the Canadian Dollar heading into the Bank of Canada decision.
June 4,2024
GBP/CAD has had a strong run of late, but last week we saw some selling pressure mount amidst a correction from overbought conditions.
June 3,2024
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