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CIBC's PCR model highlights a short GBP/CAD...>

FOREX
FOREX: CIBC's PCR model highlights a short GBP/CAD position.
- CIBC write that "our PCR model has determined the current GBP/CAD value is
around 0.73% higher than fair value and is targeting 1.7640 over the coming
weeks. The current 1M z-score is at extremes, at 2.5. Note that the model does
not factor in Brexit risk."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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