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April 28, 2025

Pound Sterling Eyes 1.85 as Major Economic Factors Loom Ahead

As the week progresses, the Pound Sterling against the Canadian Dollar (GBP/CAD) is set to be influenced by significant events surrounding Canadaโ€™s election and two crucial economic data releases. Investors are paying close attention to the upcoming GDP report expected this Wednesday, where forecasts indicate a potential dip. Additionally, the latest manufacturing PMI data set to be published on Thursday could further impact the currency pair. Market participants are bracing for potentially significant movement as these key economic indicators emerge, leading to a week filled with volatility for GBP/CAD traders.

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