GBP/CAD: Fake Breakout and Price Rebound with DIvergence

Livre sterling / Dollar canadien (FX:GBPCAD)

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FX:GBPCAD Livre sterling / Dollar canadien

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The Bank of England is expected to increase the interest rate by 50 basis points. There are two important things to focus on here: firstly, the bank’s take on the interest rate and how long it thinks inflation will take to come close to its target. Secondly, where is the upper limit of the bank’s interest rate.

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