The Pound-to-Canadian Dollar rate was on course for a fourth consecutive gain Tuesday with the North American currency remaining on the back foot as fading risk appetites weighed on commodities including oil, although some analysts say the exchange rate has scope to rise further.
February 25,2020
The Pound-to-Canadian Dollar rate softened last week but its six-month uptrend remains intact and both technicals as well as fundamentals could aid the exchange rate higher over the coming days.
February 23,2020
The Canadian Dollar ceded ground to a stronger Pound on Friday after retail sales disappointed the markets and cast a fresh cloud of uncertainty over the outlook for Bank of Canada (BoC) interest rate policy and what is still 2020's highest-yielding major currency.
February 22,2020
The Pound has had its wings clipped this week and could be slow to regain the initiative over the Canadian Dollar in the coming months, according to the latest CIBC Capital Markets forecasts which were downgraded on Thursday due to lingering concerns about the UK economic outlook.
February 21,2020
The Pound-to-Canadian Dollar rate uptrend was at risk of failure in noon trading Wednesday as the market neared a crucial technical support level, which must remain intact in order to preserve the summer 2019 recovery of the exchange rate.
February 20,2020
The Pound-to-Canadian Dollar rate retains an upside technical bias heading into a week that's set to bring the market's focus back onto the outlook for interest rates on each side of the exchange rate equation, with downside risks for both Sterling and Canada's Loonie.
February 16,2020
The Pound-Canadian Dollar rate retains an upside bias, according to technical analysts, but fresh losses are forecast to blight the British unit before long as investors give it a wide berth again ahead of the next Brexit deadline.
February 12,2020
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