GBP/CAD risking another lurch lower this week and could see 1.6600.

National Bank of Canada says the recent decline in the value of the Canadian Dollar merely makes it even more undervalued relative to fundamentals, as they forecast gains in 2022.

GBP/CAD struggling against resistance at 1.7064 and faces further impediment to recovery at 1.7166.

"We suspect that barring a clear scientific consensus pointing to a limited impact from the Omicron variant, this uncertainty will likely curtail investor willingness to “buy the dip” in CAD." - Credit Suisse.

Currency tacticians at HSBC are looking for the Canadian Dollar to underperform the U.S. Dollar into year end, although it could be in for gains against the Euro says JP Morgan.

The Pound to Canadian Dollar rate has attempted to draw a line under a two-month run of losses and could find itself well supported above 1.6912 this week.

CAD tipped for a second year of outperformance in 2022.

GBP/CAD finding feet but struggling with 1.69 with support building near 1.67 as UK, CA data loom.

GBP/CAD looks to stabilise above 2021’s low near 1.6700, aided by cleaner pricing of BoE & full expectations for Bank of Canada policy. 

GBP/CAD supported on dips beneath 1.69s as CAD bulls & BoC rate bets face reckoning.

GBP/CAD steadying but recovery prospects limited by energy price rally.

Foreign exchange analysts at Canadian lender CIBC show rising headwinds to the Canadian Dollar over coming months, suggesting the best part of 2021's performance has now past.

RBC Capital Markets have anointed a recommendation to sell the Pound-to-Canadian Dollar exchange rate (GBP/CAD) as their "trade of the week".

GBP/CAD sees support around 1.75 & 1.7340 further down but may struggle to keep head above water this week.

The Pound and Euro are predicted to maintain a slight positive bias against the Canadian Dollar in the near-term by a noted currency analyst at one of Canada's main lenders.

GBP/CAD stabilised early in a holiday-shortened week but may struggle to sustain itself above the nearby 1.74 level over the coming days and would risk slipping back below 1.73 if either the U.S. Dollar or Canadian economic data spurs the Loonie on to a recovery.

The Pound-to-Canadian Dollar exchange rate entered the new week reduced from three-month highs but would risk a further correction as far as an important level of support near 1.73.

The Pound-to-Canadian Dollar rate had the wind in its sails and 1.74 in sight following a strong start to the new week but could now struggle to advance much beyond Monday's levels.

The Pound-to-Canadian Dollar rate entered the new week above 1.74 and with support at nearby levels but Sterling could struggle for momentum before Thursday’s GDP report reveals the extent to which the UK’s recovery met bullish market expectations last quarter.

The Pound-to-Canadian Dollar exchange rate has struggled to sustain momentum above 1.7350 but remains on its front foot and could be set to reclaim the top spot among G10 major currencies for 2021 this week with another attempt at recovering above the year’s breakeven level of 1.7380.