Charting the Course: GBPCAD's Next Seven Weeks
Fair Value Anchors and Recent Swings
Over the previous seven months, significant resistance was encountered near the 1.87-1.88 zone in early March 2025, driven by reduced Bank of England easing bets and acute Canadian dollar weakness amid trade tensions. Conversely, support was established around 1.74-1.75, tested in late November 2024 and January 2025, likely due to periods of relative central bank policy favouring the CAD, potentially weaker UK data, or stronger oil prices boosting the Canadian currency.
