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The Pound-to-Canadian Dollar rate is trading at 1.7075 at the start of the new week after falling -0.65% in the previous week’s trading, and looks poised for another period of range- bound trading ahead.
February 18,2019
The Canadian Dollar could face a moribund year ahead if UBS's latest forecasts for the Bank of Canada (BoC) interest rate prove correct, because analysts at the global investment firm are saying the BoC will sit on its hands until at least the first quarter of 2020.
February 15,2019
The Canadian Dollar is likely to cling onto its position as the best performing currency in the G10 universe for the time being but the summer months will see renewed weakness push Loonie exchange rates lower, according to the latest forecasts from J.P. Morgan.
February 13,2019
The Pound-to-Canadian Dollar rate is set for more range-bound trading during the week ahead as oil prices dominate the narrative around the Loonie while the Brexit saga and GDP data are front and centre for Sterling.
February 11,2019
The Canadian Dollar strengthened Friday after official data caught the market off-guard with a strong increase in job creation during January, although analysts are sceptical of whether the gains will be maintained for very long.
February 8,2019
The outlook for Pound Sterling against the Canadian Dollar has improved from a technical perspective, with a drop in oil prices providing the fundamental trigger.
February 8,2019
If the USD/CAD exchange rate falls through 1.3000 it would probably confirm a successful breakdown and a test of a target set at 1.2800.
February 6,2019
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