GBP - BEARISH 1️⃣ Latest jobs report showed the UK unemployment rate rose to 4.1% as the number of people being laid off rose at the fastest pace since the financial crisis. 2️⃣ Investors remained cautious ahead of a Bank of England's policy meeting on Thursday on rising expectations of negative interest rates.
CAD - BULLISH 1️⃣ Traders’ risk appetite was boosted by optimism about the resumption of AstraZeneca’s coronavirus vaccine trials. 2️⃣ WTI crude futures rose amid a weaker dollar and concerns over supply disruptions in the US Gulf of Mexico as Hurricane Sally approaches the region.
===== TECHNICAL ===== - We are looking to short this pair on SBR level + SMA100 area on H1 chart. - GBPCAD on bearish zone.