GBP/USD fell during the session as the world waits for the Bank of England's monetary policy statement. The pair more than likely suffered from some profit taking as traders will try to cut back on risk before the announcement.
The USD/CAD pair did very little, and although it bounced - it should be said that the oil markets were almost non-existent as well. The pair is still below the recent support level at 1.0150 - and we think the pair travels down to the parity level as a result.
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