Pound to Canadian Dollar Forecast

Pound rebuilding momentum against the Canadian Dollar.

The Pound to Canadian Dollar exchange rate recovered the remainder of its early April losses to open the new week but could be likely to consolidate within roughly a 1.8339 to 1.8504 range in the days ahead.

The Pound to Canadian Dollar rate rose back in the direction of post-Brexit highs last week, from near two-month lows, but is now approaching a series of resistances spanning the gap between 1.8338 and 1.8814 on the charts, some of which could slow, hinder or perhaps even halt the rally up ahead.

The Pound to Canadian Dollar exchange rate receded further from the post-Brexit highs of early March last week but it benefits from a double-barreled layer of support just above the nearby 1.82 handle and might even have scope to recover above 1.8427 if the US Dollar weakens afresh up ahead, taking the Loonie with it.

The GBP/CAD looks like it wants to attempt 1.8777 again.

The Pound's uptrend faces a short-term setback against the Canadian Dollar.

The Pound's rally against the Canadian Dollar is due a temporary pause, but our Week Ahead Forecast model stays constructive.

The Pound's run higher against the Canadian Dollar shows no signs of a letup. But surely the time has come for a temporary pullback?

GBPCAD reached a seven-year high on Monday, but it is now screaming overbought heading into Tuesday's tariff decision.

Pound Sterling has now recorded nine consecutive daily advances as it extends the recovery from early February; however, the advance looks set to falter in the coming days.

Last week's strength in the Canadian Dollar can be described as a relief rebound, but the move is reaching its limits.

Pound Sterling will err to the upside against the Canadian Dollar.

The Canadian Dollar can rally if the U.S. softens its stance on import tariffs later today.

GBPCAD will be tested by technical resistance this week. A break above here can occur if Trump hits Canada with import tariffs.

Pound Sterling has entered a downtrend against the Canadian Dollar, but some dip-buying might occur in the coming days as it unwinds oversold conditions.

The Pound has lost steam against the Canadian Dollar and could be due a retreat to 1.7946. Bigger picture, however, is still constructive.

GBP/CAD exchange rate could this week make another crack at the ceiling that has prevented it from striking fresh multi-year highs. However, it could be too soon to set fresh highs.

GBP/CAD stormed higher last week and flipped the technical setup positive. However, the coming days require a pullback, with the Bank of Canada decision in focus.

The Pound to Canadian Dollar exchange rate (GBP/CAD) is recovering and will be looking to retake some key technical levels in the coming days.

GBP/CAD has come under significant selling pressure over the course of November but could see some near-term relief.