Attention!
The info below is valid for 20:58 on 24.06.2022.
We'll update it at 00:00 on 26.06.2022.
GBP/CAD
1.58213
0.21%
High 1.58628
Low 1.58189
-
Spread
0.00083 pt
-
Spread (%)
0.05246 %
-
Swap Long
-11.08 pt
-
Swap Short
-1.49 pt
-
Initial Margin
0 $
-
Maintenance Margin
0 $
Related instruments
GBP/CAD news and strategies from FBS analysts
Bulls Are Coming Back
The US dollar index rose to 105.40 after the Fed’s 75-basis-point key rate hike, while the stock and the crypto markets fell. However, during the past few days, investors and traders returned to risk assets as they expect inflation growth to slow. Moreover, Jerome Powell, the head of the Federal Reserve, announced the Fed might start cutting the key rate by 2024, which is the most evident hint of an upcoming market reversal.
Bank of England’s Statement
The Bank of England will announce its policy statement on December 16, Thursday, at 14:00 GMT+2 (MetaTrader time). It will affect all the pairs with the British pound.
Canada Might Increase Key Rate / Trade Idea
On December the 3rd Canada reported a 6% unemployment rate, while the expectations were at a 6.6% level. Less than expected unemployment rate is always hawkish news for the national currency.
Why FBS is a smart choice
-
FBS is regulated by CySEC license, 331/17
-
Negative balance protection with a margin call and stop out levels
-
24/7 client support in your language to solve all the problems
Great variety of trading instruments
FBS allows using a wide range of trading instruments, including Forex major and exotic pairs, metals, indices, and energies. Choose instruments that suit you best.
-
1. Open accountCreate a suitable account type in your Personal Area to trade with the best conditions.
-
2. Select trading instrumentsIt's easy with a reliable broker! Go to the Contract Specifications page and choose instruments according to your needs.
-
3. Start tradingOpen your first trade and try different instruments to see how they will work. Improve your trading skills with FBS.
