GBP/CAD exchange rate could this week make another crack at the ceiling that has prevented it from striking fresh multi-year highs. However, it could be too soon to set fresh highs.
The Canadian Dollar rose after the Bank of Canada cut interest rates 50 basis points. Investors now think the end of the cycle is close.
GBP/CAD stormed higher last week and flipped the technical setup positive. However, the coming days require a pullback, with the Bank of Canada decision in focus.
The Canadian Dollar fell after wage and unemployment data for November opened the door to a 50 basis point rate cut at the Bank of Canada next week.