HSBC Trades GBP/CAD Lower
- Category: CAD
HSBC says the pound will trend lower against the Canadian dollar.
The pound-Canadian dollar exchange rate rose 1.0% last week as it extended a run of five successive weekly advances.
The Canadian dollar is a potential tactical buy, says one FX strategist, noting the balance of positioning, oil dynamics and the technical setup favours gains.
GBP/CAD Recovery Capped by 200-day EMA
- Category: CAD
Three-way risks surrounding the war in the Middle East will determine how the pound-Canadian dollar exchange rate evolves this week.
