GBPCAD Stable for the moment? (Tom Holian)

With little data due out at the moment for either the UK or Canada GBPCAD exchange rates have remained relatively quiet.

We are coming to the end of the month and at this time there is typically minimal data releases that might impact exchange rates.

On Tuesday Canada releases both Import and Export data and with the Loonie having been strong fairly recently this could potentially be a little negative as with a strong currency this is likely to have affected this particular set of data.

On Wednesday evening the US Federal Reserve will publish the minutes from their most recent interest rate decision and depending on the rhetoric from the news we could see volatility for Sterling vs the Canadian Dollar.

If you have a currency transfer to make and want to save money on exchange rates compared to using your own bank then contact me directly for a free quote. Tom Holian [email protected]