December 18, 2020 - Written by John Cameron
The Pound to Canadian Dollar (GBP/CAD) exchange rate struggled to hold onto any gains on Friday, as the Brexit transition period deadline looms and talks show little signs of progress.
Boris Johnson said EU negotiators must ‘bring something to the table’ in Brexit talks to avoid the UK crashing out the single market without a deal in two weeks’ time.
This comes follows comments from Michel Barnier to European Parliament this morning who said: ‘I cannot say what will come in this last home straight of negotiations. We have to be prepared for all eventualities.’
December 18, 2020 - Written by John Cameron
The Pound to Canadian Dollar (GBP/CAD) exchange rate struggled to hold onto any gains on Friday, as the Brexit transition period deadline looms and talks show little signs of progress.
Boris Johnson said EU negotiators must ‘bring something to the table’ in Brexit talks to avoid the UK crashing out the single market without a deal in two weeks’ time.
This comes follows comments from Michel Barnier to European Parliament this morning who said: ‘I cannot say what will come in this last home straight of negotiations. We have to be prepared for all eventualities.’
December 16, 2020 - Written by John Cameron
GBP/CAD Exchange Rate Heads Higher on Brexit Talks Progress
The Pound to Canadian Dollar (GBP/CAD) exchange rate rose by 0.8% today, with the pairing currently trading around CA$1.722.
The Pound (GBP) rose today following the announcement that the UK would remain with relaxed Christmas Covid-19 rules despite nations being divided in the guidance.
As a result, GBP investors have become more optimistic about Britain’s economic recovery, even more now that Brexit talks are showing signs of progress.
The European Commission’s President, Ursula von der Leyen, said that a UK-EU trade deal was a possibility, but warned that fishing rights could still sink the chances of a deal by January 1st.