GBP/CAD retains a constructive setup, but the coming week could see some of the recent moves retraced as investors account for a potential Bank of England interest rate rise on Thursday.
The Canadian Dollar has fallen across the board after the Bank of Canada cut interest rates for the second time in as many months.
The Pound to Canadian Dollar exchange rate is close to three-and-a-half-year highs as the Bank of Canada looks to cut interest rates again this week.
The Canadian Dollar is one of the better-performing G10 currencies following the release of Canadian inflation figures, which question the appropriateness of another Bank of Canada interest rate cut as soon as the July meeting.