![]() ![]() The Pound to Canadian Dollar exchange rate's outlook has improved further in recent trade and Sterling could now have scope to reach some of its strongest levels since the end of the first quarter after establishing a foothold above the 1.57 handle last week, according to technical analysis from Scotiabank.Ĭanada's Dollar fared better than Sterling during the opening sessions of the week after an almost two month rally in GBP/CAD stalled following a run-in with technical resistance on the charts late last week, although some say this likely marks only a temporary setback for the Pound. "We look for firm support on dips to the mid/upper 1.57s now" - Scotiabank ![]()
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