As the Brexit clock winds down, forex traders will continue to be careful. While this week should see a Parliament vote on PM Johnson’s Brexit deal, there is no certainty it will take place and what will follow. Plenty of opposition remains to the Brexit bill, and the number crunching by the Tories is in full swing. Economic data today is likely to take a back seat to commentary surrounding Brexit. How will this impact the GBPCAD? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

The Canadian elections have left PM Trudeau in a minority government and in a much weaker position than before. Scores of analysts suggest that he needs to be a different type of PM than he was during his first term in order to govern during his second-term. On the economic front, forex traders await Canadian retail sales data. How will the GBPCAD be impacted as Canadian financial markets open for trade? Today’s fundamental analysis will take a look at the upside potential as well as downside risk in this currency pair.