The Canadian Dollar is one of the better-performing G10 currencies following the release of Canadian inflation figures, which question the appropriateness of another Bank of Canada interest rate cut as soon as the July meeting.
GBP/CAD has rallied to a new three-and-a-half-year high at 1.7720, but the odds of a pullback in the coming days are high with inflation figures due either side of the Atlantic.
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.