GBPCAD Tea Party

21 nov 2019Ever seen such a big tea party? Life is all above imagination. Canada’s economic data point to the need for monetary stimulus. Analysts believe that BOC Governor Poloz may finally hint about easing today when he gives a speech in Toronto. The pound has been on a roll as the possibility of a no-deal Brexit becomes more unlikely. Labour leader Jeremy Corbyn is set to unveil his party’s election manifesto, which could shake the pound up some. 1.7450 that marks areas of interest on the higher time frames.

21 nov 2019

Commento

Canada ADP October employment -22.6K vs +28.2K prior ( fall in employment ) it also boosted the UsdCad to yesterday's high of 1.3328 in a 10-pip rally since the headlines