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.
The Canadian Dollar stumbled after official statistics showed unexpected job losses in June, raising the odds of another Bank of Canada interest rate cut.