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GBP/CAD chart - Trading View
GBP/CAD is attempting a tepid rebound from 5-month lows at 1.6953 hit on Friday's trade.
The pair was trading 0.50% higher on the day at 1.7051 at around 11:15 GMT, scope for further upside.
Analysts expect the British pound to overlook news about the Scottish referendum and remain buoyed on expectations of QE taper at BoE April meeting.
The main event of the trading week will be the Bank of England's (BoE) interest rate decision due Thursday at 16:30 GMT.
Focus will be on whether policymakers are ready to talk about tapering asset purchases. Any hint of taper announcement would be a major shift in policy and could boost the British pound.
Technical bias for the pair is bearish. Break below 200W MA on last week's trade adds to the downside bias.
Major trend is neutral. Retrace above 200W MA could change near-term bias.
