GBP/USD soars above 1.2500 as a bullish-engulfing pattern emerges

GBP/USD bounces off last week’s low of 1.2443 and rises above the 1.2500 figure as a bullish-engulfing technical pattern emerges. Factors like a soft
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USD/CAD dives as the Canadian Dollar rides on higher oil prices, soft USD

USD/CAD makes a U-turn after hitting a daily high of 1.3567 due to overall US Dollar (USD) weakness, spurred by a risk-on impulse and higher oil price
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