GBP/CAD could ease back from last week’s multi-year peak in the coming days as short-term momentum unwinds from overextended levels.
The Canadian dollar suffered a setback on renewed trade tensions south of the border.
Bank of America says fiscal expansion announcements due on November 4 hold bullish implications for the Canadian Dollar.
GBP/CAD trades in the red on Monday, but the setup remains favourable for gains to be realised in the coming days.
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