GBP/CAD will move lower in the following days

The pair will move lower in the following days and head towards the uptrend channel support line. Canada has another card on hand after Prince William and Meghan Markle departed from the United Kingdom for Canada. As the Royal Family embattles with heirs to succeed Queen Elizabeth, Canada is reaping the benefits of the rift. The couple announced in early January that they are cutting their professional ties with the Royal Family to live as private citizens in Canada. In other news, Canada’s possible trading deal with the United Kingdom increases amid the widening EU-Canada relationship. The two (2) parties haven’t ratified the Comprehensive Economic and Trade Agreement (CETA). This was amid accusations between the two (2) countries that the other party was not able to fulfill the agreements made. UK’s temporary tariff rates are also more lucrative compared with the EU with the CETA.