Pound/CAD Exchange Rate Faces Uncertainty Amid Data-Lite Week
Looking ahead, the Pound Canadian Dollar (GBP/CAD) exchange rate is likely to fluctuate without a definite direction this week. The market faces a fairly light economic calendar for both the UK and Canada. The key data point to watch will be Canada’s latest GDP reading scheduled for release on Friday. Traders should stay prepared for potential volatility influenced by this data release. Expect fluctuations as investors weigh economic factors affecting both currencies.