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February 19, 2021 - Written by John Cameron
Investors sold the British Pound to Canadian Dollar (GBP/CAD) exchange rate slightly from its best levels today. Markets digested some unexpected signs of weakness in Britain’s latest data, and the Canadian Dollar has been benefitting from weakness in rival currencies. Despite this though, expectations for Britain to begin looking to lockdown being eased are keeping the Pound appealing overall, so there may be more gains ahead for the pair going forward.
Since opening this week at the level of 1.7582, GBP/CAD has been trending with an upside bias.
Overnight, GBP/CAD touched on a high of 1.7743, which was the best level for the pair in 11 months since March 2020. ....

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