October 26, 2023 – Written by Ben Hughes
Leave a comment STORY LINK Pound to CAD Dollar: BoC Hold Sees GBP/CAD Held Below Five-Week Best
Canada Rates Held at 5.00%, BoC Still Fretting over inflation, GBP/CAD Exchange Rate Held Below 5-Week Highs
The Bank of Canada held interest rates at 5.00% following the latest council meeting, in line with consensus forecasts.
The US Dollar to Canadian Dollar (USD/CAD) exchange rate strengthened to just above 1.3800 before a retreat to 1.3765.
After sliding to 1.6670 policy…
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