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Pound Canadian Dollar (GBP/CAD) Exchange Rate Dips as Oil Prices Bolster Oil-Sensitive 'Loonie'

May 17, 2021 - Written by John Cameron GBP/CAD Exchange Rate Dips as Rising Oil Prices Boost Canadian Dollar The Pound Canadian Dollar exchange rate dipped today as the โ€˜Loonieโ€™ has continued to benefit from upbeat Canadian economic data. A mixture of rising oil prices and rising Canadian wholesale sales for March has provided a boost for the Canadian Dollar. The pairing is currently trading around CA$1.70. The Canadian Dollar has remained strong this week after Canadaโ€™s wholesale transac...
United Kingdom Jeremy Farrar Tamas Varga John Cameron Boris Johnson Royce Mendes

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GBP/EUR Exchange Rate Dips as UK Lockdown Extended

At the time of writing the pair is currently trading around 1.2570. Pound (GBP) Exchange Rates Struggle as Lockdown Extended Until at Least March The Pound found itself on the back footthis morning as the currency struggled against continuing coronavirus woes for the UK. Despite coronavirus infections declining across the country, the announcement of a further three weeks in lockdown proved negative for Sterling. Leading a press conference yesterday evening, Prime Minister Boris Johnson stated ...
United Kingdom Bruxelles Capitale John Cameron Peter Szijj Boris Johnson International Money

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