GBP/CAD Exchange rate
Editors’ Picks
GBP/USD edges higher to near 1.2700 ahead of UK CPI inflation data
GBP/USD appreciates due to reduced expectations of another rate cut by the Bank of England this year. The UK’s CPI inflation is projected to increase 2.2% YoY and 0.5% MoM in October.
EUR/USD remains below 1.0600 amid safe-haven flows, awaits ECB Lagarde's speech
EUR/USD faces challenges due to safe-haven flows amid escalating Russia-Ukraine conflict. Traders anticipate that the incoming Trump administration's pro-inflationary policies could support the US Dollar.
Gold looks to test offers at $2,660 amid cautious optimism
Gold price stays on the front foot early Wednesday, looking to regain the $2,650 barrier as the road to recovery extends for the third straight day. Traders now await the upcoming speeches from US Fed policymakers and Nvidia’s earnings report amid lingering geopolitical concerns between Russia and Ukraine.
UK CPI set to rise above BoE target in October, core inflation to remain high
The UK CPI is set to rise at an annual pace of 2.2% in October after increasing by 1.7% in September, moving back above the BoE’s 2.0% target. The core CPI inflation is expected to ease slightly to 3.1% YoY in October, compared with a 3.2% reading reported in September.
How could Trump’s Treasury Secretary selection influence Bitcoin?
Bitcoin remained upbeat above $91,000 on Tuesday, with Trump’s cabinet appointments in focus and after MicroStrategy purchases being more tokens.