GBP/CAD Approaches One-Month Low as UK GDP Figures Awaited
The GBP/CAD pair is moving towards a one-month low as the UK prepares to release its latest GDP figures. Analysts predict potential contraction in the UK economy, with expectations set at a 0.1% decrease reported by the Office for National Statistics (ONS). This upcoming data will likely influence market movements for the Pound to Canadian Dollar exchange rate.