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GBP vs CAD currency overview for 2nd November 2017
The Pound to Canadian Dollar exchange rate shed most of its weekly gains on Thursday evening and by Friday morning was trending near its worst levels of the week.
Yesterday evening Bank of Canada (BOC) Governor Stephen Poloz discussed the issues that concerned him but he failed to dent confidence in Canada’s economic outlook.
Poloz stated that the BOC was becoming more confident that less stimulus would be necessary in Canada over time, which boosted BOC interest rate hike bets and left the Canadian Dollar more appealing.
This update is provided by TorFX, a leading foreign exchange broker. Click here for market leading GBP/CAD exchange rates
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