The GBP/CAD quotations on the daily chart have interesting progress after yesterday’s stronger drops in crude oil. The price of crude oil has a strong impact on the Canadian currency, weakening it. The pound, on the other hand, is supported by the scenario of delaying the Brexit. As it turned out, the final vote scheduled for Thursday was postponed to 12 March. It is more and more often speculated that the Brexit would be delayed or staggered over time. For the time being, the pound is benefiting from this. On the GBP/CAD chart we have an attack on local resistance. Breaking it would mean an increase towards the upper edge of a well-respected growth channel.
Join us in our new group for serious traders, get fresh analyses and educational stuff here: https://www.facebook.com/groups/328412937935363/
I trade on this instrument at broker XM, which has in its offer more than 300 other assets >>
