GBP/CAD Trading forecasts and signals

In this cross-rate, the base is the main currency of the United Kingdom — the British Pound, and the quoted currency is the Canadian dollar. GBP/CAD is a fairly popular financial instrument on Forex. The currency pair is highly volatile: in one session, the numbers can change by hundreds of points, so erroneous GBP/CAD forecasts lead to significant losses. At the same time, competent technical analysis of weekly and other charts, as well as GBP/CAD signals from experts, give a real opportunity to make good money. The price of the pair is influenced by many factors, ranging from news to changes in oil prices on the world market. The relationship between the currencies in the pair can be direct and inverse (with the growth of the pound, both the growth and the fall of C$ are possible). If we talk about the correlation with other quotes, then you should pay attention to the prices of GBP/USD — they usually move in the same direction.