GBP - BEARISH
1️⃣ Investors awaited details on post-lockdown restrictions in England.
2️⃣ UK Finance Minister Rishi Sunak warned on Wednesday that the British economy was on course to shrink by 11% this year, while unveiling plans to borrow around 400 billion pounds this year, amounts not seen before in Britain's peacetime.
CAD - BULLISH
1️⃣ Boosted by a rally in oil prices and hopes that a coronavirus vaccine will be rolled out soon.
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Technical
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We are looking to sell the GBPCAD on SBR + below SMA 50 on the H1 chart.
1️⃣ Investors awaited details on post-lockdown restrictions in England.
2️⃣ UK Finance Minister Rishi Sunak warned on Wednesday that the British economy was on course to shrink by 11% this year, while unveiling plans to borrow around 400 billion pounds this year, amounts not seen before in Britain's peacetime.
CAD - BULLISH
1️⃣ Boosted by a rally in oil prices and hopes that a coronavirus vaccine will be rolled out soon.
=====
Technical
=====
We are looking to sell the GBPCAD on SBR + below SMA 50 on the H1 chart.
Order cancelled:
price continues to decline without any retracement.