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The pair has been pushing up against the trendline in the 1.65s and although it has been repulsed following successive attempts to break above, we still see a slight bias towards more upside and therefore an eventual break higher emerging.
February 16,2017
GBP/CAD continues to move up and down in a sideways range after an initial bullish rally from off of the mid-January lows.
February 13,2017
A broad-based bullish reversal appears to be taking place on the GBP/CAD pair.
February 9,2017
With much uncertainty plaguing the Pound and the Canadian Dollar potentially supported by what is expected to be strong employment and trade data in the coming week, the pair is marginally exposed to downside risks even though the technical indications are still slightly bullish.
February 5,2017
The GBP/CAD exchange rate is showing a bullish flag shaped pattern which forecasts substantially higher rates, and a target in the vicinity of 1.71.
February 2,2017
Analysts at Morgan Stanley expect the Canadian Dollar to weaken because markets are not adequately pricing in risks associated with Trade and the outlook for the economy.
January 31,2017
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Need Help? WhatsApp me.
Horizon Currency's dealing desk is here to answer any questions you have about the market.
Sam is one of our specialists and can be WhatsApped questions via this link.
