GBPCAD Sports a Trend That Belies Uncertainty and High Risk of Volatility (Quick Take Video)

GBPCAD Talking Points:

• Against a backdrop of either flippant reversals or stubborn ranges, GBPCAD has extended an incredible, near-8 percent tumble
• Despite clear ties to an uncertain Brexit path Pound keeps sliding, while the loonie slowly climbs without assured fundamental footing
• While both currencies may draw modest event risk support for prevailing trend, the true potential is in catalysts for a reversal

See how retail traders are positioning in GBPUSD, USDCAD and Dollar-based majors using the DailyFX speculative positioning data on the sentiment page. (https://www.dailyfx.com/sentiment?ref-author=Kicklighter)