GBP/CAD Week Ahead Forecast: Buyers Press the Top of the Range

Image © Adobe ImagesThe Canadian dollar will stay on the back foot against the pound for as long as weak jobs data and U.S. tariffs keep Bank of Canada hike bets in check, leaving sterling buyers pressing at the top of their short-term range.The pound-to-Canadian dollar exchange rate starts the week at 1.8896, at the top of its short-term range,…

Pound-to-Dollar Week Ahead Forecast: Supported Ahead of U.S. Inflation Data

Image © Adobe ImagesThe pound has found support against the dollar heading into Tuesday's U.S. inflation figures, although its gains remain limited by a medium-term range.Tuesday's U.S. inflation figures are the main event for the dollar this week, and Thursday's UK GDP release is the main test for the pound.The Pound to Dollar exchange rate trades at 1.3414 at the…

Pound To Dollar Week-Ahead Forecast: US CPI, UK GDP Key Risks

The Pound-Dollar could face renewed pressure if US inflation strengthens Fed hike bets, while firmer UK growth may help keep Sterling supported. The Pound US Dollar (GBP/USD) exchange rate was highly volatile last week, as US politics was rocked by a 'blue tsunami' in the US midterm elections. At the time of writing, GBP/USD was trading at around $1.3394. Almost…

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