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The Pound-to-Canadian-Dollar rate is biased to weaken both from a fundamental and technical perspective, according to analysts at Scotiabank, who say the exchange rate is likely to slip beneath the five-month low set in May.
June 6,2019
Further sideways trading in GBP/CAD is possible over coming days but we are on the alert for a bigger move lower owing to the GBP/CAD's decline during May which makes the the medium-term trend (multi-week) a negative one.
June 2,2019
The Canadian Dollar was rescued from close to a 2019 low Friday after official data revealed a sharp pickup in economic growth at the end of the first quarter, although the Loonie still faces headwinds over the coming days and weeks due to White House trade policies.
May 31,2019
The Pound-to-Canadian-Dollar rate saw a moment of respite from previously-relentless selling on Friday, after the fLoonie was humbled by President Donald Trump's plan to impose tariffs on Mexican goods due to a dispute over migration, which is threatening the unratified update of the North American Free Trade Agreement (NAFTA).
May 31,2019
May 29,2019
The Pound was higher against a faltering Canadian Dollar Tuesday as the British currency stabilised and the Loonie ceded further ground to rivals, but analysts at Scotiabank have warned clients that such gains will not last for long, arguing the technical outlook for the pair is still 'bearish'.
May 28,2019
Sterling has declined in a long move lower against the Canadian Dollar during May, and although it rebounded at the end of last week, the dominant downtrend remains intact.
May 27,2019
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