GBPCAD follows GBPAUD

31 ก.ค. 2016

A clearer fundamental picture that GBPAUD with only one central bank decision being a direct influence. Friday's move was on the back of strong USD sell off into month end fix so we discount the break below 1.7300 to some extent, a break below Friday's low would be a more confident signal to short than selling rallies to 1.7300.

BOE disappointment risk will weigh heavily on GBP with the market largely pricing in further monetary policy easing