As we approach Thursday, the exchange rate for the Pound against the Canadian Dollar is set to be influenced significantly by new economic data from the UK. The highly anticipated preliminary GDP reading for the first quarter is expected to show growth moving from 0.1% to 0.6%. This positive outlook could bolster the Pound as investors react to the economic landscape. With oil prices declining, the strength of the Pound against the Loonie may have notable implications for traders and market watchers alike. Keep an eye on these developments for insights into potential trading strategies moving forward.