GBP/CAD hit its highest level in years just last week, but there has been no follow-through, meaning this could be a pivotal week for the pair.
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A major Canadian bank predicts more noticeable Canadian Dollar weakness over the coming months as the Bank of Canada confronts the reality that interest rates are too restrictive.
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GBP/CAD kissed a new two-year high at the start of the new week, but is now pulling back.
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Canada reported a stronger-than-expected jobs report, but it was insufficient to prevent GBPCAD from hitting a new 6-month high at 1.7314.
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The Canadian Dollar surged after the Bank of Canada told markets interest rates would not be cut in April.
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GBPCAD looks constructive heading into this week's UK budget and Bank of Canada policy decision.
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The Canadian Dollar was boosted across the board by a set of better-than-expected economic growth figures; however, gains will be constrained by the details of the report that showed domestic deman…
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