March 2, 2021 - Written by John Cameron
GBP/CAD Exchange Rate Rangebound as UK House Prices Rise in February
The Pound to Canadian Dollar (GBP/CAD) exchange rate held steady today as the search for the UK’s missing Brazilian Covid-19 variant is narrowed down to the south-east. The pairing is currently fluctuating around CA$1.76.
As a result, Sterling investors are remaining cautious as the Brazilian variant could cause a problem for the effectiveness of the UK’s Covid-19 vaccination further down the line.
According to researchers, the original variant was found in Manaus Brazil and can evade 25% to 61% of the protection of people living in the Amazonian city.