GBP/CAD Forecast: Pound Price Muted vs Loonie Dollar amid Risk-Off Flows

  • As we move towards Tuesday's European session, the Pound Canadian Dollar exchange rate will likely be driven by the publication of Canada's latest Ivey PMIs. Although June's index is expected to report a rise, forecast to increase from 48.9 to 49.1, the data is still expected to remain below the threshold that marks expansion, (50).