The Canadian Dollar is tipped to stay under pressure following an undershoot in Canadian inflation data.
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.