The Canadian Dollar rose sharply against the Pound midweek, taking GBP/CAD to a key support level.
Strategists at Morgan Stanley upgrade their stance on the Canadian Dollar to neutral.
The Pound looks set to trend lower against the Canadian Dollar in the near term.
Analysts at Barclays say an impending trade deal between Canada and the U.S. will boost the economy and greatly improve the Canadian Dollar's outlook.
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