The British Pound could be looking to register its strongest monthly close against the Canadian Dollar since 2018 this week.
The Canadian Dollar starts the new week under pressure owing to a sharp fall in the U.S. Dollar and growing odds of a large 50 basis point cut at the Bank of Canada.
We are seeing a solid gain for the Pound to Canadian Dollar exchange rate (GBP/CAD) at the start of a new week that brings with it a new four-year best for CAD buyers.
USD/CAD as it sees a more resilient performance from the Canadian Dollar in the coming months by RBC.