GBP/CAD: the macro gap
On the Macro Currency Strength Meter, the British Pound scores -7 and the Canadian Dollar scores -16 — a gap of 8 points in favour of the British Pound. The widest divergence is in positioning, which favours the British Pound. With both currencies scoring similarly, the fundamental case here is broadly balanced.
Strength gap
+8.4
Stronger side
GBP
Edge is
Narrowing
Scores
-7 vs -16
Factor by factor
Positive is stronger relative to the other majors, not in absolute terms. The gap column is GBP minus CAD.
| Factor | GBP | CAD | Gap |
|---|---|---|---|
| Interest Rates | -35 | -25 | -9.4 |
| Growth | — | -5 | +4.9 |
| Positioning | +20 | -26 | +46.3 |
| Risk Mood | +11 | +32 | -21.1 |
| Commodities | — | -44 | +44.4 |
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