The Pound to Canadian Dollar is leaning on support from a major trendline after pulling back from its 1.7100 highs. Will the Exchange hold and recover; or will it break down?
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The intact uptrend and bearish outlook, particularly for the Canadian Dollar, favours a recovery over the coming five days, although technicals are weakening.
Read more … →After rallying strongly GBP/CAD has pulled back to the 50-Day Moving Average, as it regroups and consolidates.
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Inflation data in the UK and Canada are likely to be the main drivers of the currencies this week.
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The Pound to Canadian Dollar looks to extend recent gains but we are wary of anything to do with CAD this week owing to the US presidential election.
Read more … →From a current level of 1.6395, the Pound to Canadian Dollar is expected to recover during 2017 and end the year at 1.8400, due to a defensive Bank of England.
Read more … →The Canadian Dollar benefits from a more robust central bank outlook whilst the Pound looks the more vulnerable as a result of Brexit uncertainty.
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