GBP to CAD

Canada's economy appears over its recent blip although the BoC remains cautious and strategist opinions on the Loonie are mixed.

The Canadian Dollar is likely to rise versus the pound after Wednesday’s OPEC meeting when the oil exporting cartel will probably seal a supply deal.

Inflation data in the UK and Canada are likely to be the main drivers of the currencies this week.

GBP/CAD has been in a medium-term down-trend ever since breaking below the 1.97 level in February.

The pound to Canadian dollar exchange rate took a dive in the wake of news Canadian economic growth numbers blew analyst expectations.

We ask one of the leading Canadian dollar technical analysts where he sees the CAD going against the euro, US dollar and British pound.

Canadian Dollar expected to rise as a result of pro-growth Federal Budget, whilst sterling remains in doldrums due to referendum uncertainty.