Canadian dollar is heading lower today, dropping along with other commodity currencies. With commodities plunging, it is little surprise that currencies like the loonie are losing ground today.

The Great Britain pound felt itself strong recently, but was a bit soft at the start of today’s trading session. Will the currency be able to maintain its rally this week?

The Canadian dollar fell today after a successor to the position of the Bank of Canada head was announced. The currency managed to gain against the euro and the Japanese yen.

UK pound is getting a boost today, thanks to the latest economic data. Indications that the economy grew, rather than contracted, are helping the pound, as it might mean an end is in sight for the current quantitative easing program.

The Canadian dollar dropped against safer currencies today as both the Bank of Canada and the International Monetary Fund revised negatively their projections of Canada’s economic growth. The loonie managed to outperform the euro.

UK pound is struggling today, dropping as lackluster economic data continues to indicate that more stimulus is likely. This time, it’s about the unemployment numbers.

UK pound is moving higher against the US dollar today. The British currency is also seeing gains against the Canadian dollar. However, even though UK pound is getting a boost for now, the future of the sterling might not be so rosy.

UK pound is mostly lower today, thanks in large part to economic weakness. Economic reports point to continued difficulties in the United Kingdom, and that is leading to expectations of more easing — and continued weakness for the pound.

While the FX market doesn’t close for holidays, equity markets in the United States and Europe are closed for Good Friday, and that is affecting volume. UK pound is mostly steady against its major counterparts as traders assess the situation from the last two weeks and get set for a new week and a new month.

Tomorrow, George Osborne, the Chancellor of the Exchequer in the United Kingdom, is set to release his latest budget. The result has been mixed for the UK pound for now, but many expect that more weakness is probably ahead for the sterling.