{"id":153837,"date":"2019-08-20T10:45:27","date_gmt":"2019-08-20T14:45:27","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=153837"},"modified":"2019-08-20T08:08:33","modified_gmt":"2019-08-20T12:08:33","slug":"gbpcad-analysis-getting-ready-for-important-events","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/08\/gbpcad-analysis-getting-ready-for-important-events\/","title":{"rendered":"GBPCAD Analysis: Getting ready for important events"},"content":{"rendered":"
August 20, 2019<\/div>
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By IFCMarkets<\/a><\/strong><\/p>\n

Getting ready for important events<\/strong><\/p>\n

In this review, we suggest to consider the British pound against the Canadian dollar. Is the GBPCAD quotation<\/a> growth possible? Such dynamics are observed with the weakening of the Canadian dollar and the strengthening of the British pound.<\/p><\/blockquote>\n

The main positive factor for the British pound is the possibility of concluding an agreement on Britain’s exit from the European Union. Previously, the parties could not agree, which created high economic risks for the British economy and its currency. Recall that Brexit should be held on October 31, 2019. On August 24-26, 2019, the G7 summit will be held in France. British Prime Minister Boris Johnson intends to hold a series of meetings with European leaders as part of this event, starting with a meeting with French President Emmanuel Macron on August 22. In conclusion, he will hold talks with US President Donald Trump. If successful, the outcome of the visit of Boris Johnson may be a positive factor for the pound. In turn, important data on inflation for July will be published in Canada on August 21, 2019. It can affect the monetary policy of the Bank of Canada. Its next meeting will be held on September 4.<\/p>\n

\"GBPCAD\"<\/p>\n

On the daily timeframe GBPCAD: D1<\/b> exceeded the downtrend. Further growth of quotes is possible in case of successful Brexit and a decrease of inflation in Canada.<\/p>\n