Pound Canadian Dollar (GBP/CAD) Exchange Rate Firms as Investors Anticipate BoE Decision

Pound Canadian Dollar (GBP/CAD) Exchange Rate Firms as Investors Anticipate BoE Decision

January 30, 2023 – Written by John Cameron

Pound Canadian Dollar (GBP/CAD) Exchange Rate Strengths as Investors Anticipate BoE Decision

The Pound Canadian Dollar (GBP/CAD) exchange rate strengthened on Monday morning, as rate hike bets from GBP investors underpinned Sterling.

At the time of writing, GBP/CAD traded at around CA$1.6537, an increase of roughly 0.2% from Monday’s opening rates.

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