The Pound is on the cusp of breaking to its highest levels since 2018 against the Canadian Dollar.
The Canadian Dollar will trend back to the levels seen at the height of U.S. tariff fears during early February.
Pound Sterling has now recorded nine consecutive daily advances as it extends the recovery from early February; however, the advance looks set to falter in the coming days.
Sell Canadian Dollars Says HSBC Strategy
- Category: CAD
HSBC's FX strategy team recommends buying the U.S. dollar against the Canadian dollar (USD/CAD) in anticipation of potential trade-related volatility, as the March 4 deadline for U.S. tariffs on Canada approaches.