January 12, 2025 – Written by David Woodsmith
STORY LINK Pound to Canadian Dollar Outlook: GBP/CAD Sinks After Strong Canadian Jobs Data
The Canadian dollar strengthened after stronger than expected Canadian jobs data.
Higher US bond yields also triggered another round of Pound selling in global markets.
In this environment, the Pound to Canadian dollar (GBP/CAD) exchange rate dipped to 6-week lows at 1.7600 before stabilising.
The latest Canadian labour-market data recorded a net…
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