The Canadian Dollar (Loonie) keeps powering higher based on a positive fundamental outlook for the economy, and this has had the effect of pushing the GBP/CAD pair lower.
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The sell-off in USD/CAD and GBP/CAD is gathering apace after the Bank of Canada (BOC) surprised markets by increasing interest rates by 0.25% at its rate meeting on Wednesday.
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The Pound to Canadian Dollar exchange rate is extending its downtrend, mainly due to the Candian Dollar strengthening after data showed continued above-expectation economic growth, and the Pound so…
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The Canadian Dollar vaulted higher on Thursday after the release of second quarter GDP data confirmed the economy's strong upward trajectory.
Read more →The Pound to Canadian Dollar had been falling reasonably predictably up until it based and reversed on August 24; since then it has bounced strongly higher.
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The Pound is expected to lose ground against the Canadian Dollar with the result that GBP/CAD will continue falling, due to the diverging policy paths of the two respective central banks.
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The Pound to Canadian Dollar pair has been in a downtrend since May after the Bank of Canada (BOC) decided to raise rates – supporting CAD - and Sterling weakened due to Brexit uncertainty.
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Analysts at Lloyds Bank Commercial Banking have released their monthly currency report; below are the highlights for key Sterling pairs.
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The Pound to Canadian Dollar looked bearishly poised at the start of the new trading week.
Read more →Analysts are taking a sombre view of the Canadian Dollar as the dust settles following its recent rally.
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The Pound could be reversing trend and beginning a substantial correction against the Canadian Dollar, according to what charts are indicating.
Read more →The downtrend is expected to continue with confirmation coming from a break below 1.6232 and downside target at 1.6100. However, the prospect of a period of short-term relief is also elevated.
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The commodity currency block, which includes AUD, CAD and NOK, is forecast to turn higher, says analyst Bipan Rai of CIBC economics.
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After a strong month CAD could be over extended, says JP Morgan's Daniel P. Hui
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The Pound to Canadian Dollar pair is now firmly in a downtrend as the Bank of Canada (BOC) moves closer to raising interest rates whilst the Bank of England (BOE) remains divided and Sterling under…
Read more →The Pound to Canadian Dollar has fallen from 1.7800 highs set in May to its current 1.6688 level driven by increased expectations that the Bank of Canada (BOC) might start to tighten monetary polic…
Read more →Canadian employment report boosts CAD after showing gains in June.
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The Canadian Dollar is likely to rise as a result of recent hawkish commentary from Bank of Canada (BOC), however, the big question is whether it can hold onto those gains.
Read more →The Pound has pushed higher against the Canadian Dollar despite recent commentary from the governor of the Bank of Canada (BOC) which supported the Canadian Dollar.
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