Quebec based Desjardins Bank are forecasting a steady decline in the value of the Canadian Dollar through the remainder of 2022.

The Pound to Canadian Dollar exchange rate may be in the process of attempting to reverse a steep multi-month decline but it has so far been stymied by technical resistance around 1.5932 on the charts and may now be likely to consolidate its recent gains near the 1.58 handle in the week ahead

"In a calm FX market, we think CAD would be king" - BMO Capital.

One of Canada's biggest banks believes a bout of Canadian Dollar strength looms and all that is required to trigger it would be a stabilisation in global equity markets.

The Canadian Dollar has remained an outperformer thus far in 2022 but its elevation and the factors underlying it are also the green shooting roots of an eventual downfall, according to CIBC Capital Markets, while TD Securities says that upside risks are dominant for USD/CAD in the short-term. 

Bank of America have looked at the data and it would seem selling the Canadian Dollar and Australian Dollar on a Friday is offering consistent returns.

GBP/CAD plumbing lowest since September 2019, could remain suppressed near 1.6200 short-term.

Foreign exchange strategists at Goldman Sachs are sticking with the Canadian Dollar, expecting it to outperform most rivals over coming weeks.

GBP/CAD under pressure & losing grip on 1.66 and is at risk of deeper decline & could slip sub-1.65.

A combination of steady rate hikes at the Bank of Canada and elevated oil prices keep a number of foreign exchange strategists we follow bullish on the Canadian Dollar's outlook.

GBP/CAD could struggle to recover above 1.67, could languish sub-1.67 & risks dip below 1.65.

GBP/CAD at risk of slippage toward 1.66, CAD supported by BoC policy, oil prices.

The Canadian Dollar was one of 2021's star performers but has lost its flare in 2022, however analysts at Canadian bank Desjardins says it should be valued at higher levels.

GBP/CAD could hold 1.73 & test 1.7390, breakout paints bullish picture on charts.

"It simply does not get more bullish than that" - RBC Capital Markets.

GBP/CAD risks shifting to the upside and will find itself well supported near 1.7154.

GBP/CAD looking to hold above 1.7150, but recovery momentum wanes at 1.73.

GBP/CAD finding support near 1.6930, may recover 1.71 on a BoC anticlimax.

For the GBP/CAD, a 'double top' on charts warns of further loss.

GBP/CAD risking slippage back below 1.71, weighed down by softer USD, oil price rally.