GBPCAD will be tested by technical resistance this week. A break above here can occur if Trump hits Canada with import tariffs.
Pound Sterling has entered a downtrend against the Canadian Dollar, but some dip-buying might occur in the coming days as it unwinds oversold conditions.
The Canadian Dollar outperformed following the release of consensus-beating employment numbers.
Exhausted GBP/CAD Tracks Lower
- Category: CAD
GBP/CAD trades lower following signs Donald Trump is softening his stance on trade tariffs.