Pound (GBP) to Canadian Dollar (CAD) Exchange Rate Surges as Brexit Deal Finally Announced
The Pound (GBP) roared higher against the Canadian Dollar (CAD) and majority of its other peers last week, amidst the jubilation that the UK and EU had finally reached a Brexit trade deal.
But this was a far cry from how Sterling started the week, with GBP exchange rates in freefall amidst the panic surrounding the emergence of a new, more infectious strain of the coronavirus in the UK.
Not only did this mutated strain force the UK government to impose stricter coronavirus restrictions in London and large parts of the South East, but it also prompted most parts of the EU to impose travel bans on the UK.