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 Range in Focus Ahead of U.K. & U.S. 3Q GDP Reports||bullish|
|Swiss Franc Breach of 1.20 Against Euro Unlikely to See Follow-Through||neutral|