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The Pound-to-Canadian Dollar rate is to begin trading around 1.7719 Sunday after rising more than 1.5% in the previous week, although technical studies of the charts suggest the exchange rate is close to having exhausted its uptrend.
March 17,2019
TD Securities have downgraded their forecast for the Canadian Dollar, eyeing a softening of activity in the domestic economy.
March 15,2019
The Pound-to-Canadian-Dollar rate is vulnerable to sharp declines while close to recent multi-month highs so traders should keep selling the British currency upon spikes higher for now, according to technical analysts at Canada's Scotiabank.
March 18,2019
The GBP/CAD outlook is now marginally bearish after the pair rose up and touched the top of a long-term sideways range, between roughly 1.75 and 1.68, and reversed lower.
March 10,2019
A look at the GBP/CAD and USD/CAD exchange rates from a technical perspective following a sharp slump in the Canadian Dollar midweek which was triggered by the Bank of Canada adopting a more cautious-than-expected stance on monetary policy.
March 7,2019
The Canadian Dollar crumbled on Wednesday, pushing the Pound-to-Canadian-Dollar rate to a fresh six-month high, after the Bank of Canada (BoC) appeared to drop its bias to lift interest rates over the coming quarters.
March 6,2019
The Canadian Dollar sank deeper into the red against some of its big rivals at the beginning of the new week, although analysts are warning that losses could build further over the coming days as markets eschew the currency ahead of the Bank of Canada's (BoC) latest interest rate decision due on Wednesday.
March 6,2019
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