FX Guys

Pound Close to Eight-Year Best vs Canadian Dollar as Carney New PM

March 10, 2025 – Written by Tim Boyer

Newly-elected Canadian Prime Minister Carney has pledged to take the fight to US President Trump over trade tariffs.

The Bank of Canada will face a tough decision this week and trade stresses will inevitably trigger further currency volatility.

The Pound to Canadian dollar (GBP/CAD) exchange rate is trading close to 1.8585 and just below 8-year highs around 1.8615 recorded last week.

Overnight,…
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