$GBPCAD - CA Economy Significant Headwinds + Boe rate hikes a go
Currently we are sitting on major support. We had break of trend on 7 day RSI.
See chart for technical areas of interest.
Carney hawkish.
Poloz dovish.
CA economy dragged by oil.
Deflation on GB not a major concern.
Low inflation is sparking consumer spending which what I like to see to support a rate hike.
BoE deputy governor Ben Broadbent says in an interview that bad deflation isn't a threat to Britain
Good deflation helping boost demand and output
Will watch for signs of price falls hitting wage growth
Only risk to GBP is going to be elections.
BOC tone is reflective of the domestic data and international developments; with a
core focus on the price of oil.
For CAD next week’s GDP will provide some evidence as to how January growth evolved and will be important for CAD.
See chart for technical areas of interest.
Carney hawkish.
Poloz dovish.
CA economy dragged by oil.
Deflation on GB not a major concern.
Low inflation is sparking consumer spending which what I like to see to support a rate hike.
BoE deputy governor Ben Broadbent says in an interview that bad deflation isn't a threat to Britain
Good deflation helping boost demand and output
Will watch for signs of price falls hitting wage growth
Only risk to GBP is going to be elections.
BOC tone is reflective of the domestic data and international developments; with a
core focus on the price of oil.
For CAD next week’s GDP will provide some evidence as to how January growth evolved and will be important for CAD.
