Pound Sterling has entered a downtrend against the Canadian Dollar, but some dip-buying might occur in the coming days as it unwinds oversold conditions.
The Canadian Dollar outperformed following the release of consensus-beating employment numbers.
Exhausted GBP/CAD Tracks Lower
- Category: CAD
GBP/CAD trades lower following signs Donald Trump is softening his stance on trade tariffs.
The Pound has lost steam against the Canadian Dollar and could be due a retreat to 1.7946. Bigger picture, however, is still constructive.