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TD Securities Recommend Short GBP/CAD Position


TD Securities have recommended going short GBP/CAD at C$1.7220, targeting a move C$1.6600, with a stop set at C$1.7580.

  • They note that their “models show the cross is rich, with CAD, AUD, TWD among the most oversold. CAD also benefits as a low-beta USD play, while relative BoC and BoE outlooks favour tactical downside in the cross.”
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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