Here we gathered the best and the worst performers of the week and the most volatile pairs .
GBP/USD falls by more than 100 pips
The reports that the UK Prime Minister Boris Johnson would table a motion for general election pulled the British pound down. At the moment, the cable is testing the ground below the 50-period SMA. Bears are focused on reaching the 1.2747 support level. Bulls will need to push the pair above the 1.2834, 1.2864 and 1.29 levels to test the resistance at 1.2926. After that, buyers may focus on the 1.2980 level.
The European Central Bank will meet today to discuss the current monetary policy and the fate of the quantitative easing program
Canada will publish the headline and core retail sales on January 24 at 15:30 MT time.