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Pound to Canadian Dollar Rate Retreats, CAD Outlook "Upbeat"

February 26, 2021 - Written by Tim Boyer The Pound’s strong streak may have come to an end for now as investors took profit from the British currency’s bullish February, and the British Pound to Swiss Franc (GBP/CHF) exchange rate has been tumbling from its best levels on new demand for the Swiss Franc as well. The Swiss Franc is a safe haven currency which is often appealing in times of global market uncertainty, so it is benefitting from this week’s bonds rout. After opening this week at the level of 1.2561, GBP/CHF spent most of the week trending with an upside bias. In the middle o...

January 15, 2021 - Written by Tim Boyer While Britain’s outlook has improved over the past week, the British Pound to Japanese Yen (GBP/JPY) exchange rate is sliding today. Investors are hesitant to keep buying the Pound as focus on the possibility of Britain seeing a ‘double-dip recession’ rises. Meanwhile, the Japanese Yen is gaining a little on market risk-aversion, but Japan’s coronavirus and economic outlooks continue to keep pressure on the Yen overall. Since opening this week at the level of 141.03, GBP/JPY has been trending higher as the Pound benefitted from Bank of England ...