The GBPCAD pair again began to storm the level of 1.535, where the previous wave of decline stopped in July. At the same time, another important level of 1.525 is very close, which in 2011 and 2013 successfully prevented a deeper decline in the GBPCAD. It will not be easy to overcome this level of support immediately.
But if the sellers are lucky, then the GBPCAD could immediately head towards the round value of 1.5.
This content is for informational purposes only and is not intended to be investing advice.
