The Pound continues its march higher against the Canadian Dollar and our Week Ahead Forecast model won't fight the trend.
The British Pound could be looking to register its strongest monthly close against the Canadian Dollar since 2018 this week.
The Canadian Dollar starts the new week under pressure owing to a sharp fall in the U.S. Dollar and growing odds of a large 50 basis point cut at the Bank of Canada.
We are seeing a solid gain for the Pound to Canadian Dollar exchange rate (GBP/CAD) at the start of a new week that brings with it a new four-year best for CAD buyers.