Pound Sterling has entered a downtrend against the Canadian Dollar, but some dip-buying might occur in the coming days as it unwinds oversold conditions.
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The Canadian Dollar outperformed following the release of consensus-beating employment numbers.
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GBP/CAD trades lower following signs Donald Trump is softening his stance on trade tariffs.
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The Pound has lost steam against the Canadian Dollar and could be due a retreat to 1.7946. Bigger picture, however, is still constructive.
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The Canadian dollar, long considered a stable commodity-linked currency, is facing historic lows as multiple factors converge to form what analysts are calling a "perfect storm."
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Politics might be a new negative facing the Canadian Dollar at the turn of the year.
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The Canadian Dollar is tipped to stay under pressure following an undershoot in Canadian inflation data.
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