Pound Sterling will err to the upside against the Canadian Dollar.
The Canadian Dollar recovered from multi-year lows after Canada and the U.S. agreed on measures to prevent the imposition of trade tariffs.
The Canadian Dollar can rally if the U.S. softens its stance on import tariffs later today.
The Canadian Dollar is at risk of further decline as the Bank of Canada will opt to slash interest rates if the U.S. imposes 25% tariffs on Canadian imports.
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Global Currency Exchange Network Ltd T/A GC Partners. Global Currency Exchange Network Ltd is authorised by the FCA under the Payment Services Regulations, 2017 (FRN: 504346). Registered as a Money Services Business, regulated by HM Revenue & Customs ("HMRC") under the Money Laundering Regulations 2017. (Registration number is 12137189). Registered in England and Wales. Company number 04675786. Registered Office 3rd Floor 100 New Bond Street, London, England, W1S 1SP.
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