Bank of America says risk-reward now favours a move higher in the Canadian dollar. despite the prospect of delayed rate cuts in Ottawa.
GBP/CAD could ease back from last week’s multi-year peak in the coming days as short-term momentum unwinds from overextended levels.
The Canadian dollar suffered a setback on renewed trade tensions south of the border.
Bank of America says fiscal expansion announcements due on November 4 hold bullish implications for the Canadian Dollar.
Horizon Currency Ltd
Albany House
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Horizon Currency doesn't take custody of your funds. We execute your payments through FCA-registered companies, which hold your funds in segregated tier-1 bank accounts. These firms are:
1) Equals Connect Limited, registered in England and Wales (registered no. 07131446). Registered Office: Vintners’ Place, 68 Upper Thames St, London, EC4V 3BJ. Equals Connect Limited is authorised by the Financial Conduct Authority to provide payment services (FRN: 671508).
2) Sciopay Limited, registered in England and Wales (registered no. 12352935). Registered Office: WeWork, WW Moor Place Limited, 1 Fore Street Avenue, London, EC2Y 9DTE. Sciopay Ltd is registered with the Financial Conduct Authority (927951).