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From a technical outlook point-of-view, the bigger picture continues to show GBP/CAD possibly poised to weaken over the course of the coming week.
April 8,2019
The Canadian Dollar on the backfoot as another domestic data disappointment points to further potential weakness in the currency.
April 5,2019
"Oil's uptrend is failing to impress the CAD," says Neil Mellor, Senior Currency Strategist with BNY Mellon, in a brief to clients of the investment bank that seeks to explain why the currency could be in for a tough time going forward.
April 4,2019
The Pound-to-Canadian-Dollar rate was trading at 1.7436 Monday after falling over nearly two percent in the previous week, although studies of the charts suggest more losses could be just around the corner.
April 1,2019
The Pound-to-Canadian-Dollar rate was trading around 1.7692 Monday after a week that saw it little changed by the Friday close, although the market is now at a technical inflection point and the path ahead uncertain given mixed signals coming from the charts.
March 25,2019
The Canadian Dollar ceded ground to rivals Friday after official figures painted a bleak picture of Canada's economy at the beginning of the New Year, vindicating the Bank of Canada (BoC) for having stepped back from an earlier pledge to lift interest rates aggressively in 2019.
March 22,2019
The Canadian Dollar is on course to hit fresh 2019 lows against its U.S. rival over the coming months, according to strategists at HSBC, who've told clients they expect the Bank of Canada (BoC) to continue retreating from its once-hawkish interest rate stance.
March 19,2019
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