Signs of a no-deal Brexit rising and/or stable government outcome from the Canadian should bring GBPCAD on bear side for the short term at least. In that case, a break below monthly pivot r2 may be some case which we may see in the near future.
Comment:
October 31 will be extended for a small-time period. PM Johnson can blame the opposition for mucking up the schedule. The EU is in no hurry. Is it 10 days or 3 months? Can it get done in 10 days? Who knows.
Comment:
Pound on the defensive on election talk. Election talk and broader US dollar strength are weighing on the pound.
