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This morning has brought more positive movements for Sterling, on top of yesterday’s gains for the Pound. GBPUSD exchange rates have risen by 0.4% along with the cost of buying Canadian Dollars decreasing by 0.35%.

Today could be key for anyone looking at GBPCAD exchange rates, as at 1.30pm the Bank of Canada release their January interest rate decision. As regular readers may be aware if interest rates increase we may witness strength for the Canadian Dollar and in turn the cost of buying CAD go up. If you currently need to buy or sell the Canadian currency then register an enquiry this morning and let one of our brokers help you obtain the very best rate of exchange.