The Pound Sterling has declined by 2.17% against the Canadian Dollar on June 16. The exchange rate tested last week’s support level at 1.6780 during the morning hours of Tuesday.
Most likely, the Canadian Dollar will continue to gain strength against the British Pound within this week’s trading sessions. The potential target for the GBP/CAD currency pair will be at the 1.6683.
However, the weekly support level at 1.6780 could provide support for the currency exchange rate during the following trading sessions.