GBP/CAD Soars to 9-Month Highs

The GBP/CAD Soaring high to target 9-month highs,close at a current price of 1.74142 at the end of the trading week on Friday.....Price pushing ahead to touch a strong resistance zone of a 9 month high of 1.78029....we expect price to retest to 1.72000 area before breaking our trend line to touch our target..............

The British Pound has been lifted by strong odds of a Conservative party majority at the December 12th general election. Meanwhile, the Canadian dollar has been under pressure amid rising rate cut expectations.

Due to the market perception that a Conservative victory will most likely dispel the uncertainty surrounding Brexit. The steady performance by Johnson at the debate helped to underpin the British currency.

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