This forex pair represents the British Pound – Canadian Dollar cross. This Sterling ('base currency') is one of the heaviest traded pairs in the world. The Loonie ('counter currency') is typically considered a commodity currency due to Canada's reliance on energy exports for growth.
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Weekly British Pound and Canadian Dollar Trading Forecast
|GBP/USD Rebound to Succumb to Dovish BoE Testimony, Strong US GDP||bearish|
|BoC Governor Poloz Says Data Makes Rate Hike Miles Away||bearish|