Canadian economic growth started 2025 on strong footing, growing by 0.4% month-on-month (m/m). This was a tick above Statistics Canada’s and consensus expectations for a 0.3% m/m gain. In February, Statistics Canada estimates that the Canadian economy held flat. January’s reading was broad-based, with output expanding in 13 of 20 industries. Growth in goods industries […]
GBP/USD started a fresh increase above the 1.2920 zone. USD/CAD declined and now consolidates below the 1.3640 level. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound is eyeing more gains above the 1.3130 resistance. There is a connecting bullish trend line forming with support near 1.3100 on the hourly chart of GBP/USD […]
The post Market Analysis: GBP/USD Surges, USD/CAD Drops To Support appeared first on Action Forex.
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