Pound to Euro Forecast | Pound to Dollar Forecast | Euro to Dollar Forecast | Pound to Australian Dollar Forecast | Pound to New Zealand Dollar Forecast | Pound to Canadian Dollar Forecast
The Canadian Dollar is lacking a clear narrative to drive it in one direction or the other at present, according to strategists at Toronto-headquartered BMO Capital Markets, who say the Loonie could remain in a "flat range" until the U.S. Dollar index tops out and goes into reverse.
November 9,2018
The Pound-to-Canadian Dollar exchange rate has risen to the top of its range at 1.7200 suggesting there is now an increasing chance the pair could hit a 'glass ceiling' and see further gains capped.
November 7,2018
Technical studies signal a good possibility this young rally could extend given the exchange rate has now successfully broken back above the 50-day MA at 1.6950, an event seen as a key 'right of passage' hurdle cleared for a young bullish trend in its life-cycle to maturity.
November 5,2018
The Canadian Dollar handed back earlier gains and slipped lower midway through the final session of the week after the latest official data showed the labour market cooling its heels in October, which will do little to encourage markets to become more confident in pricing future interest rate rises from the Bank of Canada (BoC).
November 2,2018
The Canadian Dollar was treading water Wednesday before the release of GDP data for August, which will be key to market expectations of growth in the third-quarter, as well as the Bank of Canada's December interest rate decision.
October 31,2018
The Canadian Dollar is likely to outperform many of its G10 rivals over coming weeks, according to analysts, even if official data reveals the Canadian economy ground to a halt in August.
October 30,2018
The Pound-to-Canadian-Dollar rate fell last week as breakdown in the Brexit negotiations and a hawkish message from the Bank of Canada (BoC) conspired to push the exchange rate lower.
October 29,2018
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