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January 7, 2021 - Written by John Cameron GBP/CAD Exchange Rate Rangebound as UK GPs and Pharmacies to Rollout Covid-19 Vaccine The Pound to Canadian Dollar (GBP/CAD) exchange rate held steady today, with the pairing currently trading around CA$1.72. Sterling benefited from news that UK GP’s surgeries and pharmacies would be allowed to rollout out the new Oxford/AstraZeneca Covid-19 vaccine. As a result, GBP investors are becoming more hopeful that the UK could vaccinate large swathes of the vulnerable and at-risk population by mid-February. Nevertheless, rising Covid-19 cases throughout E...

Euro US Dollar (EUR/USD) Exchange Rate Steady As Eurozone Markets Remain Cautious EUR/USD Exchange Rate Rangebound as France Eases Stance on Goods Moving Across the English Channel The Euro to US Dollar (EUR/USD) exchange rate held steady today, with the pairing currently fluctuating around $1.219. The Euro (EUR) stabilised today as Eurozone markets remain relatively quiet ahead of Christmas and the New Year. Today saw the release of the latest German Import Price Index, which beat forecasts and rose by 0.5%. Nevertheless, this was not enough to bu...

December 17, 2020 - Written by John Cameron GBP/AUD Exchange Rate Rangebound as Brexit Talks Make ‘Good Progress’, according to EU The Pound to Australian Dollar (GBP/AUD) exchange rate continues to trend higher today after the Bank of England (BoE) held interest rates at 0.1% despite an uncertain economic outlook. At the time of writing the GBP/AUD exchange rate is currently fluctuating around AU$1.784. The BoE’s Monetary Policy Committee (MPC) said in the report: ‘The outlook for the economy remains unusually uncertain. It depends on the evolution of the pandemic and measures taken ...