UK-based Canadian Dollar buyers are looking at their best exchange rates in months after a U.S. inflation report shook currency markets.
The Pound to Canadian Dollar exchange rate can extend its rally and potentially test its 2024 highs in the coming one to two weeks.
The Canadian Dollar stumbled after official statistics showed unexpected job losses in June, raising the odds of another Bank of Canada interest rate cut.
Pound to Canadian Dollar Week Ahead Forecast: Selloff Ending, But Data Will Have Final Say
- Category: CAD
The corrective selloff in the Pound to Canadian Dollar exchange rate might be coming to an end, but Canadian and U.S. job figures out at the end of the week will have the final say.