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.
The Pound is on the cusp of breaking to its highest levels since 2018 against the Canadian Dollar.