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Bintang
Jul 31, 2016 11:59 AM

GBPCAD follows GBPAUD Short

British Pound/Canadian DollarFXCM

Description

A clearer fundamental picture that GBPAUD with only one central bank decision being a direct influence. Friday's move was on the back of strong USD sell off into month end fix so we discount the break below 1.7300 to some extent, a break below Friday's low would be a more confident signal to short than selling rallies to 1.7300.

BOE disappointment risk will weigh heavily on GBP with the market largely pricing in further monetary policy easing
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