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For anyone who is looking at buying Dollars, both US and Canadian, then the movements witnessed on the markets during early morning trading today have increased the cost of such purchase.

Sterling has lost over 0.5% against the US Dollar, and 0.4% against the Canadian Dollar so far this morning.

These movements could potentially be in preparation of two key data releases this week, the Chancellor’s pre-budget report on Wednesday and the Bank of England’s interest rate decision on Thursday; both of which have caused large levels of volatility in the past and may do so this time.