This currency pair has more room for decline.
The general trend of this currency pair is downward. Britain is suffering from a family spending crisis that is weakening consumer power. Political uncertainty also has a negative impact on the pound. On the other hand, the Canadian dollar still enjoys the flexibility of the US economy and usually follows it.
The general trend of this currency pair is downward. Britain is suffering from a family spending crisis that is weakening consumer power. Political uncertainty also has a negative impact on the pound. On the other hand, the Canadian dollar still enjoys the flexibility of the US economy and usually follows it.