CAD potentially lifted by oil may dig flash crash depths whilst analysts argue about whether all the Brexit bad news has now been absorbed by sterling.
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The GBP/CAD pair pushed lower at the start of the week after a deal between Russia and OPEC to raise prices by cutting the supply of oil led to a rebound in CAD.
Read more … →Although the Canadian dollar has received a boost from strong employment data the pound is technically looking like it may have bottomed despite continued shaky fundamentals.
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The GBP/CAD pair has experienced more downside on worsening Brexit fears, and the more volatile GBP counterpart is likely to continue setting the tone in the second part of the week.
Read more … →Downside expected to dominate as Canadian data and the outlook for oil improve, whilst impending Bank of England stimulus caps sterling.
Read more … →The GBP/CAD pair is in a short-term up-trend, which is expected to extend higher as Canadian economic fundamentals deteriorate.
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The Canadian dollar might take its cue from growth data whilst the pound remains vulnerable to sentiment and news headlines concerning the Brexit process.
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