GBPCAD | SELL | FUNDAMENTALLY SPEAKING + TA |

Fundamentally speaking:

PRO's

- Boris Johnson, "parties" controversy justified, which may cause destabilization of the pair as resignation claims for the PM increases.

- BOC Monetary Policy

- BOC Rate Statement

- Overnight Rate

- USD inflatory rate decrease may cause the CAD to strengthen overall against the GBP.

Intermediaries

- Higher oil prices and higher commodity prices have strengthened the CAD pair.

CON's

- Uncertainty with Ukraine War along with additional sanctions.


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