November 27, 2024 – Written by Frank Davies
STORY LINK GBP to CAD Exchange Rate Jumps on Trump’s Tariff Threat Against Canada
In comments overnight, US President-elect Trump stated that he would impose tariffs on Canada. Mexico and China on the first day of taking office in January.
The Canadian dollar posted sharp losses in global markets and the Pound to Canadian dollar exchange rate (GBP/CAD) surged.
From 3-month lows below 1.7500 posted late last week, GBPCAD jumped to 1.7720.
According to Trump….
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