The pound has work to do if it wants to reform its uptrend against the Canadian dollar.
There was a definite CAD selloff in the wake of the Bank of Canada policy decision.
CAD's Fate Sealed by Inflation Undershoot
- Category: CAD
It's hard not to see a couple more interest rate cuts from the Bank of Canada after these data.
The pound retains a bullish setup against the Canadian Dollar ahead of Bank of England and Bank of Canada decisions.
