However, a shallow recovery suggests investors see risks remaining.
The Canadian Dollar could be set for relief on indications Donald Trump will row back on his tariff war with the USA's two neigbours.
The U.S. Dollar and Canadian Dollar were the two biggest losers in G10 FX after Canada and the U.S. entered a trade war.
GBPCAD reached a seven-year high on Monday, but it is now screaming overbought heading into Tuesday's tariff decision.
Horizon Currency Ltd
Albany House
40 Shute End
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Global Currency Exchange Network Ltd T/A GC Partners. Global Currency Exchange Network Ltd is authorised by the FCA under the Payment Services Regulations, 2017 (FRN: 504346). Registered as a Money Services Business, regulated by HM Revenue & Customs ("HMRC") under the Money Laundering Regulations 2017. (Registration number is 12137189). Registered in England and Wales. Company number 04675786. Registered Office 3rd Floor 100 New Bond Street, London, England, W1S 1SP.
Payment Services are provided by Equals Connect Limited, registered in England and Wales (registered no. 07131446). Registered Office: Vintners’ Place, 68 Upper Thames St, London, EC4V 3BJ. Equals Connect Limited are authorised by the Financial Conduct Authority to provide payment services (FRN: 671508).