GBP/CAD

Fundamentals favour the Canadian Dollar by 16 points.

On the Macro Currency Strength Meter, the British Pound scores -10 and the Canadian Dollar scores +6 — a gap of 16 points in favour of the Canadian Dollar. The widest divergence is in positioning, which favours the Canadian Dollar. All else equal that gap is a fundamental tailwind for the Canadian Dollar against the British Pound — though markets may already have priced much of it in.