![]() ![]() The Pound-Canadian Dollar recovery off post-election lows was aided this week by signs of a policy flip-flop from the Bank of Canada (BoC) that could prove a gamechanger for the outlook, but appetite for Sterling will be tested over the coming days so a renewed trend higher is far from assured.īoC Governor Stephen Poloz was less sure on Wednesday that Canada will be able to continue standing apart from the crowd after announcing the cash rate would be kept at 1.75% for this month. Transfer specialist indicative rates: 1.7037-1.7140 > Get your quote now ![]() ![]() Indicative bank rates for transfers: 1.6691-1.6812 GBP eyes BoE's own rate stance, Friday's data is key to outlook. CIBC, RBC look for April rate cut as TD targets 1.33 in USD/CAD. CA data has underperformed of late, curtailing appetite for CAD. BoC hints economy must deliver forecasts or rate cut ensured. After BoC sets stage for interest rate flip-flop on Wednesday. GBP/CAD breaks above key resistance level on the charts. ![]()
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