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GBP/CAD is in a strong downtrend which is likely to continue eventually and a break below the 2018 lows, confirmed by a move below the 1.6550 level would probably lead to a continuation down to the next target at 1.6400.
June 30,2019
The Canadian Dollar cemented its hold on the top spot in the G10 league table Friday after growth data surprised on the upside ahead of the latest Bank of Canada's (BoC) survey of the business outlook, vindicating some analysts for speculating the Loonie can rule the developed world roost for at least the foreseeable future.
July 2,2019
The Canadian Dollar has now risen above its fundamental value following a month of strong gains, according to a BMO Capital Markets financial model, so the bank has told clients it's better to wait and buy into any forthcoming dips in the currency rather than jumping straight.
June 28,2019
The Canadian Dollar advanced on its U.S. and British counterparts again on Tuesday and remains in first place within the G10 league table for 2019 but it could rise even further over the coming weeks, according to analysts at RBC Capital Markets.
June 27,2019
The Pound faces a months-long period of confinement to its current depressed levels against the Canadian Dollar, according to the latest forecasts from the Toronto-headquartered BMO Capital Markets, which have been downgraded due to a strong performance from the Loonie in recent months.
June 24,2019
The Pound and Canadian Dollar are locked in a sideways move short-term but the Canadian Dollar ultimately favoured over longer-term timeframes.
June 24,2019
The Canadian Dollar ceded ground to its U.S. rival and pared gains over Pound Sterling Friday after official data showed the retail sales bonanza of March fading away at the start of the second-quarter, although economists say consumer activity was stronger than the headline figures suggested.
June 21,2019
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