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GBP/CAD: Canadian CPI and retail sales in focus

April 20, 2018 12:36 PM
Boosted by the oil price rally, the Canadian dollar remains fairly supported despite the Bank of Canada this week reiterating that that it will be cautious with respect to future hikes amid concerns over trade issues.

GBP/CAD in focus ahead of BoC as UK GDP surprises

October 25, 2017 12:11 PM
The GBP/CAD might not be everyone’s cup of tea but this pair will be or remain in focus today as traders respond to economic news from both the UK and Canada.

GBP/CAD: FX pair to watch ahead of Canadian CPI

May 18, 2017 6:27 PM
Today the GBP/USD finally broke the 1.30 handle today following the release of strong UK economic data throughout the week. Whether or not the cable will now be able to climb further higher remains to be seen as the upcoming UK election in June may keep investors on the edge. But the breakout is significant at least from a technical perspective and ...

Bad day for GBP but could be worse for CAD as Trump inauguration looms

January 20, 2017 1:02 PM
It is not a good day for the British pound or the Canadian dollar. The former is weighed down by a disappointing retail sales figure and on-going Brexit uncertainty, while the latter continues to get hammered after the Bank of Canada’s Stephen Poloz warned of a rate cut amid concerns about Donald Trump’s planned US protectionist policies, which may ...

GBPCAD holds key 1.60 support as Poloz remarks sends CAD tumbling

October 19, 2016 7:12 PM
The Canadian dollar has had an interesting day to say the least. Initially it rallied on the back of stronger oil prices and as the Bank of Canada decided to keep interest rates unchanged. However, despite oil prices extending their gains on the back of a sharper-than-expected US crude inventory reduction, the Canadian dollar slumped as the BoC Gove...