Three-way risks surrounding the war in the Middle East will determine how the pound-Canadian dollar exchange rate evolves this week.
GBP/CAD gapped lower at the open on Monday, sliding to 1.8409 from Friday’s close at 1.8424.
GBP/CAD's sharp reversal wipes out last week's gains, pointing to deeper losses ahead.
GBP/CAD extends last week’s recovery at the start of the new week, rising to 1.8706 and placing key resistance back into view.
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