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.
The Canadian Dollar will trend back to the levels seen at the height of U.S. tariff fears during early February.
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Global Currency Exchange Network Ltd T/A GC Partners. Global Currency Exchange Network Ltd is authorised by the FCA under the Payment Services Regulations, 2017 (FRN: 504346). Registered as a Money Services Business, regulated by HM Revenue & Customs ("HMRC") under the Money Laundering Regulations 2017. (Registration number is 12137189). Registered in England and Wales. Company number 04675786. Registered Office 3rd Floor 100 New Bond Street, London, England, W1S 1SP.
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